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Rank | 2nd |
Country | People's Republic of China |
Width | 300px |
Caption | Pudong in Shanghai |
Currency | Renminbi (RMB); Unit: Yuan (CNY) |
Fixed Exchange | USD=6.3900 RMB (25 August 2011)
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Year | Calendar year 01 January to 31 December |
Organs | WTO, APEC, G-20 and others |
Gdp | $5.88 trillion (nominal: 2nd; 2010)
$10.08 trillion (PPP: 2nd; 2010) |
Growth | 10.46% (major economies: 1st; 2010) |
Per Capita | $4,283 (nominal: 95th; 2010)
$7,518 (PPP: 93rd; 2010) |
Sectors | industry (46.8%), services (43.6%), agriculture (9.6%) (2010 est.) |
Inflation | 4.9% (January 2011) |
Poverty Less 1.25$/day | 2.8 (2007) |
Gini | 41.5 |
Edbr | 79th (2011) |
Labor | 780 million (1st; 2010) |
Occupations | agriculture (39.5%), industry (27.2%), services (33.2%) (2008) |
Unemployment | 4.2% (July 2010) |
Industries | 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 automobiles, rail cars and locomotives, ships, and aircraft; telecommunications equipment, commercial space launch vehicles, satellites |
Exports | US$1.581 trillion (2010) |
Export-goods | electrical and other machinery, including data processing equipment, apparel, textiles, iron and steel, optical and medical equipment |
Export-partners | US 20.03%, Hong Kong 12.03%, Japan 8.32%, South Korea 4.55%, Germany 4.27% (2009) |
Imports | US$1.327 trillion (2010) |
Import-goods | electrical and other machinery, oil and mineral fuels, optical and medical equipment, metal ores, plastics, organic chemicals |
Import-partners | Japan 12.27%, Hong Kong 10.06%, South Korea 9.04%, US 7.66%, Taiwan 6.84%, Germany 5.54% (2009) |
FDI | $100 billion (2010) |
Gross External Debt | $406.6 billion (22nd; 2010) |
Debt | 17.5% of GDP (112th; 2010) |
Revenue | $1.149 trillion (2010) |
Expenses | $1.27 trillion (2010) |
Credit | AA- (Domestic) AA- (Foreign) AA- (T&C Assessment) (Standard & Poor's) |
Aid | recipient: $1.12 per capita (2008) |
Reserves | $3.05 trillion (1st; 2011) |
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The People's Republic of China (PRC) ranks since 2010 as the world's second largest economy after the United States. It has been the world's fastest-growing major economy, with consistent growth rates of around 10% over the past 30 years. China is also the largest exporter and second largest importer of goods in the world. The country's per capita GDP (PPP) was $7,518 (International Monetary Fund, 93rd in the world) in 2010. The provinces in the coastal regions of China tend to be more industrialized, while regions in the hinterland are less developed. As China's economic importance has grown, so has attention to the structure and health of that economy.
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