Economy of the People's Republic of China
Economies of the special administrative regionsof Hong Kong and Macauare administered
separately from the rest of the People's Republic of China. Therefore, the information below pertains only to the PRC unless specified otherwise. For the Republic of China (Taiwan)
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(April 2010)
Economy of People's Republic of China
Skyline of Pudong
8th)
GDP per capita
GDP by sector
2.8% (2007)
Labour force
Labour forceby occupation
agriculture (38.1%), services (34.1%), industry(27.8%) (2009)
4.3% (38th);
Main industries
mining and ore processing, iron, steel, aluminum, andother metals, coal; machine building; armaments;textiles and apparel; petroleum; cement; chemicals;fertilizers; consumer products, including footwear,toys, and electronics; food processing; transportationequipment, including automobiles, rail cars andlocomotives, ships, and aircraft; telecommunicationsequipment, commercial space launch vehicles,satellites
ExternalExports
Export goods
electrical and other machinery, including data processing equipment, apparel, textiles, iron and
steel, optical and medical equipment
Main exportpartners
US 17.7%, Hong Kong 13.3%, Japan 8.1%, SouthKorea 5.2%, Germany 4.1% (2008)
Imports
Import goods
electrical and other machinery, oil and mineral fuels,optical and medical equipment, metal ores, plastics,organic chemicals
Main importpartners
Japan 13.3%, South Korea 9.9%, Taiwan 9.2%, US7.2%, Germany 4.9% (2008)
FDIstock
Home: US$576.1 billion; (2009; ranked 9th) Abroad:US227.3 billion (2009; ranked 14th)
Gross externaldebt
$347.1 billion (2009; ranked 22nd)
Public financesPublic debt
18.2% of GDP (2009; ranked 108th)
Revenues
$972.3 billion (2008)
Expenses
$1.137 trillion; (2009)
Economic aid
Recipient: $1.12 per capita (2008)
Credit rating
$5.555 trillion (2008; ranked 4th)
Foreign reserves
All values, unless otherwise stated, are inUS dollars
is thethird largestin the world, after the
United StatesandJapanwith a nominalGDPof US$4.91 trillion when measured inexchange-
rateterms. It is thesecond largestin the world after that of the U.S. with a GDP of $8.77 trillion
when measured on apurchasing power parity(PPP) basis. China is thefastest-growingmajor
economy in the world, and has had the fastest growingmajor economyfor the past 30 years with
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