Armco Metals Holdings Inc. (AMCO) and China’s Push toward Smart Economic Growth

Three decades of sustained economic growth has lured millions from the impoverished Chinese countryside. This great migration has put 46 Chinese cities over the one million mark since 1992, out of a national total of 102. In Shanghai there were no skyscrapers in 1980; today it has twice as many as New York. Between 1990 and 2004 developers erected the equivalent to 334 Empire State buildings, and China’s construction workforce continues to employ over 37 million people. Currently, over 40% of China’s entire population is now considered part of the urban population as growth patterns shift people away from rural areas and keep the cities dense.

Along with this growth trend, China saw the development of a middle class that is estimated to be greater than the size of the entire U.S. population. However, with great economic growth come great economic problems. For instance, the air quality in Beijing is among the worse in the world due to air pollution. At least 60% of China’s underground water sources are considered to be of very poor quality and cannot be drunk directly. Income distribution has been highly uneven resulting in half the populations of major cities living in poverty.

As a result, more than 70 Chinese smaller cities and counties have dropped gross domestic product as a performance metric for government officials, in an effort to shift the focus to environmental protection and reducing poverty. Due to directives issued by top Chinese leaders, local Chinese governments will no longer seek blind economic growth, but seek to improve quality of life by improving air and water quality standards, and the introduction of poverty reduction programs. For instance, rather just adding more cars in the cities which add to the pollution, China is aggressively building subway systems.

Rather than worry about a future of scarcity of resources due to a growing population and fattening middle class. China is ready to face the challenges of doing more with less as they find smarter ways in resource usage.

Armco Metals Holdings focuses on meeting the demand’s of China’s steel industry with smart, sustainable, and cost-effective approaches to scrap steel processing. China’s government has made a commitment to drive economic growth in a far more cautious way that requires smarter and greener usage of natural resources which suggest China will focus more on scrap steel usage for ongoing infrastructure programs. Armco Metals Holdings has the right business model, at the right place, and at the right time.

For more information, visit www.armcometals.com

About QualityStocks

QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. We offer several ways for investors to find, evaluate, and learn more about investing in these companies.

Sign up for “The QualityStocks Daily Newsletter” at www.QualityStocks.net

The Quality Stocks Daily Blog http://blog.qualitystocks.net

The Quality Stocks Daily Videos http://videocharts.qualitystocks.net

The Quality Stocks “Ones to Watch” http://gotstocks.qualitystocks.net

Please see disclaimer on the QualityStocks website: http://disclaimer.qualitystocks.net