Domestic Policy : Chinese Political Transition

914 Words Nov 18th, 2014 4 Pages
domestic policy
Chinese political transition officially ended March 17, 2013, with the closing of the annual parliamentary session. It helped to endorse the renewal of the management team, the first stage took place at the 18th Congress of the Chinese Communist Party, which was held in Beijing from 8 to 14 November 2012. XI Jinping appointed Secretary General Party in November, became President of the Republic following HU Jintao and Li Keqiang succeeded as Prime Minister Wen Jiabao. The composition of the new government was announced on 16 March 2013. In addition to the Prime Minister, it has four deputy prime ministers, five state councilors and twenty-five ministers and presidents of state commissions.
Major suppliers: European Union, South Korea, Taiwan, Japan.
Share of main sectors in GDP (World Bank) agriculture: 10% industry: 44% services: 46%
Economic situation
Having been relatively resilient to the crisis in 2008, China has become the second largest economy to Japan (GDP) and the leading exporter to Germany in 2011. Since 2010, China 's growth continues to slow: it increased from 10.3% in 2010 to 7.7% in 2013. The IMF expects annual GDP growth of 7.6% in 2013 and 2014 .
Foreign policy as supporting economic growth

Second largest economy in the world since 2010, after the United States, China is also the largest exporter in the world and the first holder of foreign exchange reserves (3400 billion USD in the first quarter 2013). The economic and financial crisis,…
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