China's economy is the second largest in the world, behind the United States, when evaluated based on purchasing power.CIA.gov: China's Economic Statistics A substantial GDP and an increasing growth rate has made China's private sector economy a major factor in the world market.
Fast Facts:
- Joined the World Trade Organization in 2001
- 1/3 of the economy is state-controlledEconomist.com: China's economy (March 18, 2008)
- Currency: yuan, also known as Renminbi
- Apart of the Asia-Pacific Economic Cooperation
- In 2007, China surpassed Japan as the second largest auto-maker in the worldHeritage.com: China's Superpower Economy (December 28, 2007)
- The CIA estimates that China is the third largest economy (when measured by GDP) behind the United States and the European Union
2007 Economic StatisticsCIA: China's Economy
- GDP: $6.991 trillion (est.)
- Growth rate: 11.4% (est.)
- Labor force: 803.3 million (est.)
- Unemployment rate: 4%
- Oil consumption: 6.93 million bbl/day (est.)
- Oil export: 79,060 bbl/day (est.)
- Exports: $1.217 trillion
- Imports: $901.3 billion
- Country debt: $363 billionhttps://www.cia.gov/library/publications/the-world-factbook/geos/ch.html
Has the tumble in China's economic growth stopped?(1 Answer)
A:
In the news today, China's economy is starting to show signs of response to stimulus actions by the Chinese Government. Emerging markets are the leading asset class ...
