Thursday, February 7, 2008

The Chinese New Year Has Begun: Welcome The Year Of The Rat

People who are not familiar with Chinese customs may not fully understand the importance of the Chinese New Year, but it's a huge celebration, and one which is not limited to only China and its citizens. The Chinese New Year, also known as the Lunar New Year, is a huge holiday throughout most of eastern Asia and is growing in popularity throughout much of the world.

China has more people than any other country in the world. There is also a growing number of Chinese people throughout the rest of the world. The U.S. and Canada, for example, have large Chinese populations who celebrate Chinese New Year. Many other countries in eastern Asia also celebrate this holiday, even though they are not Chinese. So now comes the question you have been waiting for: how does this impact investors?

With the growing Chinese population, and the significance of the holiday, investors should be able to see that there will certainly be investment opportunities. The opportunities, however, will likely be had by those individuals who understand the Chinese culture and how things work. If you needed another reason to get to know the Chinese culture, here you go. I personally love learning about other cultures, so this type of thing is right up my ally. If you are like me and love to experience and understand new cultures, then why not head to the nearest Chinatown and celebrate the Chinese New Year? You might discover a great new investment opportunity, or you might just have a lot of fun–you can’t go wrong either way.

The Chinese economy is growing at an astounding pace, and has been for some time. It won’t be long until China emerges as the number two economy in the world, and they may even end up overtaking the U.S. for the number one spot sometime down the road. It is my belief that learning about new cultures is never a waste of time, but if you were only going to pick one culture to learn and understand in your lifetime, the Chinese culture would probably be the best one to choose from an investment perspective. The investment opportunities stemming from this country are only going to grow, so why not get in on the front side?

NuWire published an article today about investing in Chinese real estate and last year at this time, we wrote an article about the Golden Pig baby boom in Asia. That article will give a little insight into how important the animals associated with each New Year are.

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