Agriculture
China is currently the globe’s most populous country with a population of 1.35 billion people. Its agricultural output has to be enough to provide for the need of nearly one-fifth of the world’s population.
Most of China agricultural products is consumed by the domestic market. Agriculture employs about a third of the country’s labor force, but it’s only contribute 10% of the GDP (As shown in Chart 3). This uneven ratio points out that the productivity is at a fairly low level. Most products are simply bought by local consumers, and the majority of agricultural exports from mainland China go to Hong Kong.
Agriculture in China yields food crops like rice, wheat, corn, millet, sorghum, soybeans, and tea, as well as such cash crops as cotton and tobacco. Animal husbandry takes up to 25% of agriculture. Fishing, and aqua farming are also important parts of China’s economy.
Mining
China has rich natural resources, especially in coal and oil. And, most of the reserves of natural gas remain unexplored.
Though mining employs less than 1% of the national workforce, it is irreplaceable for China’s economy. The country has the largest consumption of electricity worldwide (another superlative), and it relies to a large extent on fossil fuels. Oil and coal account for about 70% of China’s energy production. Lots of small pits mine coal for local consumption, while additional oil has to be imported in huge quantities to meet the equally huge demand.
Moreover, natural
There are many types of agriculture around me. I live in Arkansas where agriculture is the largest industry, adding around $ 16 billion to the stateś economy annually. Some of the largest agricultural products I see around me are soybeans, cotton, timber, and grain.
Under National Agro-Food Policy, agriculture sector has been identified as a National Key Result Area. Under this initiative, the agriculture sector is targeted to increase the Gross National Income by RM28.9 Billion (USD9.1 billion) to reach RM49.1 billion (USD15.4 billion) by 2020. The agricultural sector is also targeted to create more than 109,000 job opportunities by 2020, primarily in the rural areas.
China is the second largest economy in the world. It has become the fastest growing economy in the world with an average rate of 10% for the last thirty years. The largest exporter and second largest importer of goods has brought China to be ranked first in the foreign exchange reserves. The country with thousands of years of history, started off and continues today as mostly an agrarian economy. Over time China's economy continues to change and prosper. Starting with the first economic change in the early twentieth century, which occurred when the GMD (the Nationalist Party) lost control due to its poor economic performance. This in turn led to their defeat by the CCP. During that time many peasants lost their farmland and this led to a peasant
The economy of ancient China was based on agriculture. China was made up of farming villages along its rivers. Manufacturing and trade were carried out by merchants and artisans in walled towns.
However, China accounts for 33% of the worlds Greenhouse gas emissions, mainly arising as a result of rapid urbanisation and industrialisation, and the deforestation that occurs in its wake. China is also suffering from desertification, coastal reclamation and severe climate change as are result of their long time blasé attitude towards environmental issues. While the Chinese Government now do acknowledge that environmental oversight has occurred, strict censorship within China deprives outsiders of receiving the full story of the environmental calamity that is occurring within China. Citizens within China are becoming increasingly concerned with governmental policy that regards further unnecessary degradation of the environment. A retired party official revealed that there had been 50,000 environmental protests within China in 2012 alone. China has amended numerous government acts and implemented strict new regulations in an attempt to curb pollution and Greenhouse gas production. However, the problem China faces cannot be swept under the 'bureaucratic rug' so to speak. The problem rests with the lack of an alternative clean energy to the fossil fuels currently used to fuel China's resource hungry industry. China has implemented numerous 'real world' measures to reduce environmental impact. Perhaps the most well known of these projects is 'Green Wall of China', which is a 4,500 km green belt
The Chinese president is looking to boost consumption and import as part of efforts to restructure its economy (Hu Looks to Boost China's Consumption, Imports, (April 15, 2011). The Chinese energy consumption has been predicted to soar to 68% higher than that of the USA by the year 2035(China, India to lead energy consumption, (September 20, 2011). Investment spending is also set to increase from $12,633 billion (2011, 48% of GDP) to $29,628 billion by 2030 (38% of GDP) (CHINA - Gross fixed investment (% of GDP) from 2011 to 2030, EIU Country Data). In 2006 China had a rating of 5.00 and was seen ranked at 101st in terms of the degree of economic freedom as measured
Since the reform and opening up, the economy of China grows significantly, as an emerging economy, China's economy has made tremendous contributions to the global economy, and Renminbi has become one of the most important currency in the world. According to the survey conducted by China National Bureau of Statistics found that from 1979 to 2012, China has attained an annual average growth rate of 9.8% for its national economy, while the annual average growth of the world economy is only 2.8 % during the same period. In past 30 years, China's GDP surpassed Japan’s, China became the world 's second largest economy, in addition, the huge total volume of trade makes China become the world 's largest trading nation. The contribution of China’s
3. China’s natural resources include timber, stone, and metals. The loess soil and cool climate of the north are suitable for growing millet; rice may be cultivated in the warmer and rainier south.
I am born and raised in Hong Kong and I have spent most of my life there. Hong Kong is full of sky scrappers and we seldom see farmlands here. Since the land in Hong Kong is limited, we do not have large pieces of land for agricultural purposes. Most of our food is imported from other countries. However, we got a few small farmlands in Hong Kong, but they are mostly owned and used by households to grow crops and feed on their own, not for sale.
Agriculture was the main focus passed on from the Yuan dynasty to the Chinese. Economically, this was major the Chinese because it took their attention away from animal husbandry and reorganized the land. The water transport created a secure way to farm. This led to a surplus of food, which allowed farming to be recognized as
China economy experienced an incredible growth in the last few decades that made the country the 2nd largest economy in the world. When China started the program of economic reforms in 1978, it ranked 9th in nominal GDP but 35 years later it’s now ranked 2nd in the nominal GDP and been the world’s manufacturing hub. In recent years, China’s modernization propelled the tertiary sector and in 2013, it became the largest category of GDP with a share of 46.1%, while the secondary sector still accounted for a sizeable, 45% of the country’s total output. Meanwhile, the primary sector's weight in GDP has shrunk dramatically since the country opened up to the world.
The rise in China from a poor, stagnant country to a major economic power within a time span of twenty-eight years is often described by analysts as one of the greatest success stories in these present times. With China receiving an increase in the amount of trade business from many countries around the world, they may soon be a major competitor to surpass the U.S. China became the second largest economy, last year, overtaking Japan which had held that position since 1968 (Gallup). China could become the world’s largest economy in decades.
China’s economy during the Qing dynasty was still largely a farming economy. Eighty percent of the population lived in the countryside at the end of the Qing dynasty, and most people had some relationship to farming or to something that was a byproduct of farming. So China at this time does not fit the image of a modern industrial economy. On the other hand, China was a place where, by the late Ming dynasty and into the Qing dynasty, there was a proliferation of markets. Approximately eighty percent of the population lived within a day's journey of a market town and could take some of their produce to the market and become involved in marketing activities. During the Qing period, all Chinese people had to pay part of their taxes to the government.
China’s main food baskets producing 11.6 percent of the country’s pork, 7.32 percent of rice, 4.2
In terms of geographical breakdown of exports, China's major trading partner is Asia accounting for around 51 per cent followed by USA 22 per cent and Europe per cent.