They have 13 Trillion in U.S. Dollars saved. China households account for 4 of those 13 Trillion saved U.S. Dollars. 3 of the top 5 banks in the world are in China. Tremendous consumer demand for all goods. 300 million middle class population with 20-30 million new middle class every year. 90% of Chinese with govt. sponsored health coverage by 2011 and 100% by 2020. China population currently saves at an average 40% of earnings. With Govt. Social Programs emerging the consensus is savings will drop by 10-15% unleashing tremendous consumer spending for goods and services.

China currently the second largest economy in the world @ 5 Trillion..

This all from Jane Ulrich, chairman of JP Morgan's China Equity Business..