Icl vs Ipl

Topics: People's Republic of China, Economy of the People's Republic of China, Economy Pages: 54 (17401 words) Published: March 11, 2013
For other meaning of "Economy of China", see Economy of China (disambiguation). Economy of People's Republic of China
Pudong in Shanghai
Rank 2nd (nominal) / 2nd (PPP)
Currency Renminbi (RMB); Unit: Yuan (CNY)
Fixed exchange rates USD = 6.312486 RMB
(average in 2012)
Fiscal year Calendar year 01 January to 31 December
Trade organisations WTO, APEC, G-20 and others

$8.25 trillion (nominal: 2nd; 2012)[1]
$12.38 trillion (PPP: 2nd; 2012)[1]
GDP growth 7.8% (2012)[2]
GDP per capita

$5,414 (nominal: 90th; 2011)[1]
$8,382 (PPP: 90th; 2011)[1]
GDP by sector agriculture: 9.7%, industry: 46.6%, services: 43.7%% (2012 est.) CIA - The World Factbook Inflation (CPI) 2.5% (December 2012)[3]
below poverty line less than $1.25 / 13.1% (2008)
less than $2 / 29.8% (2008)[4]
Gini coefficient 0.48
Labour force 795.5 million (1st; 2010)
Labour force
by occupation agriculture: 36.7%, industry: 28.7%, services: 34.6% (2008 est.) Unemployment 4.1% (Q4 2012)[5]
Average gross salary $457 monthly (2010)[6]
Main industries World leader in gross value of industrial output; 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 Ease of Doing Business Rank 91st[7]

Exports $1.904 trillion (2011 est.)
Export goods Electrical and other machinery, including data processing equipment, apparel, textiles, iron and steel, optical and medical equipment Main export partners US 17.1%, Hong Kong 14.1%, Japan 7.8%, South Korea 4.4%, Germany 4% (2011) Imports $1.743 trillion (2011 est.)

Import goods Electrical and other machinery, oil and mineral fuels, optical and medical equipment, metal ores, plastics, organic chemicals Main import partners Japan 11.2%, South Korea 9.3%, US 6.8%, Germany 5.3%, Australia 4.6% (2011) FDI stock $116 billion (2011)[8]

Gross external debt $697.2 billion (30 September 2011 est.) Public finances
Public debt 22.15% of GDP (2012)[9]
Revenues $1.646 trillion (2011 est.)
Expenses $1.729 trillion (2011 est.)
Economic aid recipient: $1.12 per capita (2008)[10]
Credit rating AA- (Domestic)
AA- (Foreign)
AA- (T&C Assessment)
(Standard & Poor's)[11]
Foreign reserves $3.28 trillion (1st; Sep 2012)
Main data source: CIA World Fact Book
All values, unless otherwise stated, are in US dollars
GNI per capita in 2009:
China (3,650 $)
Higher GNI per capita compared to China
Lower GNI per capita compared to China

The People's Republic of China (PRC) is the world's second largest economy by nominal GDP and by purchasing power parity after the United States.[1] It is the world's fastest-growing major economy, with growth rates averaging 10% over the past 30 years.[12] China is also the largest exporter and second largest importer of goods in the world. On a per capita income basis, China ranked 90th by nominal GDP and 91st by GDP (PPP) in 2011, according to the International Monetary Fund (IMF). The provinces in the coastal regions of China[13] 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 the economy.[14][15] As the Chinese economy is internationalized, so does the standardized economic forecast officially launched in China by Purchasing Managers Index in 2005.[16] Most economic growth of China is created from Special Economic Zones of the People's Republic of China. The construction of the road system of Beijing–Shanghai Expressway was completed and opened to public usage in early 2000[17][18] for access of transportation on...
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