China

Chase A. Pivirotto 09/18/2007   COMM 110 Speech and Debate - Fact Sheet: Chinese Trade Who: China (The People's Republic of China ) Currency: 1 yuan= 10 jiao = 100 fen The People's Republic of China is the fourth largest in the world when measured by nominal GDP. l:s economic output for 2006 was $2.68 trillion USD. Its per capita GDP in 2006 was approximately US __$2000__ ( US __S7.600__ with PPP), still low by world standards (110th of 183 nations in 2005), but rising rapidly. As :f 2005, "0% of China 's GDP is in the __private sector.__ The smaller __public sector__ is dominated by about 200 large __state enterprises__   ccr.cer.tratcd mostly in __utilities, heavy industries,__ and __energy resources.__    History:    Since __1975__ the __People's Republic of__ __ China __ (PRC) government has been __reforming its economy__ from a Soviet-style (called __"Socialism__ __ with Chinese characteristics"') centrally planned economy __ to a more __market-oriented economy__ while remaining within the political framework provided by the __Communist Party of__ __ China ____ . __ J5mc,e_bj5ing introduced in 1978, these rtfqrms_haye helped liftmillions^p_eople-out-of-povertyrbringing.me_pQy^erJy_rate__downJrprn__   ** Economy of the People's Republic of **** China **   Fiscal year 1 January - 31 December  __  Trade Organizations  __WTO. APEC __  GDP (2006, Nominal)  __S5555550000000 Trillion (4th) __ GDP (2006, PPP)  __SI0.0 Trillion (2nd) __ GDP per capita (2006, Nominal)  __S2.034 ClOSth'l __  GDP per capita (2006, PPP)  __$7.593 (80th) GDP growth rate (2006) 11.1 % GDP by sector (2005) agriculture (12.46%), industry (47.28%), services (40.26%) Inflation rate (2006) 1.5% Household income or consumption by percentage share (2004) lowest 10%: 1.8%, highest 10%: 33.1% __ Pop below  __poverty line __(2004 est) 10%__ Labour force'(2006 est) 798.1 million Labour force by occupation (2005 est) agriculture 45%, industry 24%, services 31% Unemployment rate (2006 est) 4.3% ** Trading ** Partners: Exports $974 billion f.o.b. (2006 est.) Main Partners (2005) US 21.4%, Hong Kong 16.3%, Japan 11%, South Korea 4.6%, Germany 4.3% Imports $777.9 billion f.o.b. (2006 est.) Main Partners (2005) Japan 15.2%, South Korea 11.6%, Taiwan 11.2%, US 7.4%, Germany 4.6% Public Finances Public Debt 22.1 % of   GDP (2006 est.) External Debt (2006 est) $305.6 billion Foreign Reserves (March 2007) $1.202 Trillion Revenues (2006 est) $446.6 billion Expenses (2006 est) $489.6 billion ** Exports: ** $963.0 billion (2006) __ ** Exports ** - __commodities:__ machinery and equipment, plastics, optical and medical equipment, iron and steel ** Exports - partners: ** US 21.0%, EU 18.1%, Hong Kong 17.0%, Japan 12.4%, ASEAN 7.2%, South Korea 4.7% (2004) ** Imports: ** $795.0 billion (2006) ** Imports - commodities: ** machinery and equipment, oil and mineral fuels, plastics, optical and medical equipment, organic chemicals, iron and steel ** Imports - partners: ** Japan 16.8%, EU 12.4%, ASEAN 11.2%, South Korea 11.1%, US 7.9%, Russia 2.2% (2004) China ranks-seventh worldwide in services' output. High power and telecom density ensure this sector remain on high-growth trajectory in     the long-term^  user:aml46 - // —user:aml46" 1231437315~ //    China 's global trade exceeded $1.758 trillion at the end of 2006.
 * China Trade **
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 * Trade and services Statistics **