Economic Analysis On China 's Economy

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II. ECONOMIC ANALYSIS I. Introduction: Close to four decades ago, China’s economy was under centrally-controlled, stagnant and isolated from the global economy. Then everything changed after 1979 when the foreign trade investment and free market reform was implemented. Not long after it was implement China’s become the world 's fastest growing economy and now the largest economy in the world surpassing even United States. Today, China is focusing on a more sustainable growth pattern and implementing changes to industry and economic structure. II. Population: A. Population Pyramid In 1979, in order to control the alarming increase of China’s population the “one-child” policy was introduced. When it was first introduce China’s…show more content…
In theory the increase of demand for domestic product will lead to increase in China’s economy. The net migration rate is -.39 migrants per 1,000 population. E. Ethnic Groups 91.6% = Han Chinese 1.3 % = Zhuang 7.1 % = other (includes Hui, Manchu, Uighur, Miao, Yi, Tujia, Tibetan, Mongol, Dong, Buyei, Yao, Bai, Korean, Hani, Li, Kazakh, Dai and other nationalities) III. Economic statistics and activity A. Gross National Product, Per Capita Income, Growth rate Gross National Product 34367.30 CNY HML (2014) 583196.70 CNY HML (2013) GDP - purchasing power parity: $17.62 trillion US dollars (2014 est.) $16.41 trillion US dollars (2013 est.) GDP - real growth rate: 7.4% (2014 est.) 7.8% (2013 est.) GDP – per capita (PPP): $12,900 US dollars (2014 est.) $12,000 Us dollars(2013 est.) B. GINI Index C. Mineral Wealth China has abundant mineral resources. To date, 171 kinds of minerals was discovered, and 158 was proven as reserves. The reserve includes 54 metallic mineral such as copper, coal, iron, aluminum, mercury, zinc, and lead; 91 nonmetallic mineral resources such as sulfur, phosphorus and graphite; water and gas mineral resources such as mineral water, underground water, petroleum and natural gas. To date, the resources supply 92% of China’s primary energy. D. Transportation System Rail is the major mode of transportation in China. As of 2014, the railway line covered a total length of 191,270 kilometers
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