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GROWING ECONOMIC POWER IN 21ST CENTURY

Population and economic growth of CHINA


4/7/12 Click to edit Master subtitle style

Population

Current Chinas population is 1.3billion This is the worlds largest population Its 19.9% of world population Last 50 year Chinese population had grown very fast In 1950 china had population of around 563 million. Population of china is expected to grow up to 1.5 billion before 2034
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China Population

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Population control measures

Chinese government have enforced strict law to control population growth ONE FAMILY ONE CHILD since 1979. Around 2030, China's population is anticipated to peak and then slowly start dropping.

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population

More than 69% of people in china live in developed towns. Poverty rate of China is 2.8%

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Economic Growth

Chinas economy is the 2nd largest


economy after US Chinas economy has been growing at the rate of 9%- 10% for last 30 years Economic growth rate of china is at the top

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GDP

China has GDP of $4.99trillion(nominal) 3rd Largest and $8.77trillion(ppp) 2nd largest in the world. GDP growth rate of china is 9.1%. GDP per capital is $3677 (nominal) 97th and $6567(ppp) 98th in the world.

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Inflation

Current inflation rate of China is 3.1% In 2008 Chinas inflation rate increased to more than 8% , but they manage to decrease it to less than -1% at the end of 2009.

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Labour Force

There are 812.7million labours in China 39.5% in Agriculture sector,33.2% in Industries And 27.% in service sector.
mining and ore processing, iron, steel, aluminum, and other metals, coal; machine building; armaments; textiles and apparel; petroleum; cement; chemicals; fertilizers; consumer products, including footwear, toys, and electronics; food processing; transportation equipment, including 4/7/12

Unemployment

Current unemployment rate of china is 4.2% Most of the worker are literated because literacy rate of china is 97%

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Exports

Total exports for the year 2009 was $1.2 trillion


Main exported goods are:-electrical and other machinery, including data processing equipment, apparel, textiles, iron and steel, optical and medical equipment Main export partners

US 17.7%, Hong Kong 13.3%, Japan 8.1%, South Korea 5.2%, Germany 4.1%

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Imports

Total imports for the year 2009 was $1.01 trillion


Import goods

electrical and other machinery, oil and mineral fuels, optical and medical equipment, metal ores, plastics, organic chemicals

Main import partners

Japan 13.3%, South Korea 9.9%, Taiwan 9.2%, US 7.2%, Germany 4.9%

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In China goods can be exported much faster than India. In India a worker is fired quickly. So labour turn over will be higher than China. In India it takes more days to register a property than China. In China it takes less days to start a business compare to India. 4/7/12

Thank You
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