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China's Main Page

The Chinese Economy

 

 

 

 

 

GDP (purchasing power parity):

$8.789 trillion (2009 est.)
country comparison to the world: 3
$8.086 trillion (2008 est.)
$7.418 trillion (2007 est.)
note: data are in 2009 US dollars
GDP (official exchange rate):
$4.814 trillion (2009 est.)
GDP - real growth rate:
8.7% (2009 est.)
country comparison to the world: 4
9% (2008 est.)
13% (2007 est.)
GDP - per capita (PPP):
$6,600 (2009 est.)
country comparison to the world: 128
$6,100 (2008 est.)
$5,700 (2007 est.)
note: data are in 2009 US dollars
GDP - composition by sector:
agriculture: 10.6%
industry: 46.8%
services: 42.6% (2009 est.)
Labor force:
813.5 million (2009 est.)
country comparison to the world: 1
Labor force - by occupation:
agriculture: 39.5%
industry: 27.2%
services: 33.2% (2008 est.)
Unemployment rate:
4.3% (September 2009 est.)
country comparison to the world: 39
4.2% (December 2008 est.)
note: official data for urban areas only; including migrants may boost total unemployment to 9%; substantial unemployment and underemployment in rural areas

 

 

 


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Go Green Revolution
(GG Revolution)

The 19th century had the Industrial Revolution, the 20th century had the IT revolution and now the Go Green Revolution is for the 21st century....

 

bank of china-hong kong.jpg (15701 bytes)By October 1, 1999, the PRC had undergone a glorious yet tortuous course of 50 years, amid great changes in Chinese society.

Before the founding of New China in 1949, China's highest yearly outputs of major industrial and agricultural products were 445,000 tons of yarn, 22.79 billion meters  of cloth, 61,880,000 tons of coal, 320,000 tons of crude oil, 6 billion kwh of electric energy production, 150 million tons of grain, and 849,000 tons of cotton.

Since the founding of New China, especially in the 20 years after the start of reform and opening to the outside world in 1978 China has made great achievements in economic construction and social development.

In 1998, the GDP was 7,955.3 billion yuan, an increase of 6.4 times over 1978, at constant prices; the outputs of some major industrial and agricultural products, such as grain, cotton, meat, edible oil, coal, steel, cement, cloth and TV sets, leapt from a backward position to first place in the 
world.
 

In accordance with Den Xiaopeng's theory of building socialism with Chinese characteristics, the 13th National Congress of the CPC, held in 1987, adopted the strategy of three stages for China's economic  construction;

First, doubling the GNP of 1980 to end shortages of food and clothing, which was basically completed at the end of the 1980s; second, quadrupling the GNP of 1980 by the end of the century, which was achieved in 1995, ahead of schedule.

Thus the Chinese government worked out the Ninth Five-Year Plan for National Economic and Social Development and Long-Term Objectives for the Year 2010, which put forward new objectives;

Those for the Ninth Five-year Plan (1996-2000) were as follows - Complete the second phase of the strategic plan for the modernization drive in an all-round way and quadruple the per capita GNP of 1980 in 2000, when the population will have increased by about 300 million over that of 1980; raise the  people's living standard to that of a fairly comfortable life, with poverty practically eradicated; and expedite the formulation of a modern enterprise system and initially establish the basis of a socialist market economy.

The objectives for the year 2010 are to double the GNP of 2000 so that the people will enjoy even more comfortable lives, and bring a more or less complete socialist market economy into being.

With the fulfillment of these goals China's productive forces, overall national strength and the people's living standards will have gone a big step further, and the country's social and economic aspects will have undergone historic changes, laying a solid foundation for the realization of modernization.  

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Extra  Information

 

 

Total Reserves
($ billion) 1999 2000 2001
Japan 209.89 273.25 315.29
China 115.36 129.60 172.12
Korea 53.92 73.79 81.77
US 53.23 52.59 55.03
Germany 48 47 44
India 24 29 36
UK 26 34 30
France 32 31 28
Canada 20 24 27

World Statistics

 

 
 
 
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