Economic Report of China-Shi Ting, Liang

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4/22/12

Economic

Reportof China.

International High School atLafayetteEconomicMr. JoelShi Ting Liang Hui



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Population & Currency

Population: 1,338,300,000people live in China

The currency of Chinese

Yuan and American dollaris1 USD = 6.5 Chinese Yuan



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Natural Resources &Geography

China is the third biggest country in the

world, and it includes a vest amount of grassland and mountain.

Natural Resources of China includes coal,

iron, petroleum, gas, mercury, tin,tungsten, vanadium, magnetite,aluminum, lead, zinc and the world’slargest hydropower potential.



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Infrastructure The main infrastructure of China are

seaports, railroads, airports, andtelecommunications.

Low labor and land costs are often cited asChina’s main competitive advantages.

29 out of every 100 people can have the

access to use Internet.



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GDP & GDP per

Capita In 2010, the gross

domestic product of

China was close to 5.9trillion USD.

The GPD per capitawas about 4,393 USD



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ExportsChinese main exports are electrical

goods and other machinery, including

data processing equipment, apparel,textiles, iron and steel, optical andmedical equipment.

China's main export partners are US

(17.7%), Hong Kong (13.3%), Japan(8.1%), South Korea (5.2%) and Germany(4.1%)



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Imports In 2010, China imports totaled $921.5

billion. It’s main imports are electrical

components and other machinery, oiland mineral fuels, optical and medicalequipment, metal ores, plastics andorganic chemicals.

China's main import partners are Japan(13.3%), South Korea (9.9%), US (7.2%)and Germany (4.9%).



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Trade Balance &

Currency Evaluation The Current Account Balance of China is

$305.4 billion (2010 est.)

The inflation rate in China was lastreported at 6.2 percent in August of 2011. From 1994 until 2010, the average

inflation rate in China was 4.25 percent.



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Socioeconomic

FactorsChina has a status of “upper middleincome,” with an average income of 4,260 USD.

The life expectancy of a Chinese is 74years.

China has an unemployment rate of 4.3%.

In 2005, about 95% of primary schoolaged Chinese were enrolled in school.



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THEEnvironment

China has a low level of CO2 emission of

5.0(metric tons per capita), which wasmostly contributed by factories.

China has achieved some improvementsin environment. China is one of the few

countries that rapidly increasing theirforest cover to reduce its air and waterpollution.



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Prediction

The Yuan may probably began toappreciate against the dollar. Chinese

Yuan remained a flexible exchange rate.

The global recession made the economicof China rapidly growth and it helps theworld. As a developing country, China

still has lots more to work on, but it isone of the strongest among thedeveloping countries.



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Sources

- Wikipedia - Education in the People's Republic of China

http://en.wikipedia.org/wiki/Education_in_the_People's_Republic_of_China

- The World Bank

http://data.worldbank.org/

- Trading Economic – China Inflation Rate

http://www.tradingeconomics.com/china/inflation-cpi

-Economic Watch - China Trade

http://www.economywatch.com/world_economy/china/export-import.html

**EconomicReport of China














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Economic Report of China-Shi Ting, Liang