Thursday, April 11, 2013

Part two: Economics

1. GDP : $12.38 trillion
2. GDP per capital : $9,100
3. Life expectancy for Male: 72.82 and Female: 77.11
4. Population below poverty line: 13.4%
5. Literacy rate (2012)
       Male: 96%
       Female: 88.5%
       Total Population: 92.2%
6.Unemployment Rate (2012): 6.4%
7.Inflation (2012): 2.6%

Research

1.   Due to its enormous land mass, it is not a surprise that China is very rich on resources. Land used for farming is about 10% of total land mass. Agriculture is focused heavily near the north east where it is distributed through the Yangtze, the Sichuan Basin and the Pearl River Delta. The country is home to one of every 150 kinds of minerals that is known today. The country is known to have the largest deposits for tungsten, antimony, titanium, vanadium, zinc and several other minerals. Aside from agriculture, China has over 67,500 sq km of water, which provides for fish, shrimp and other aquatic organisms. Average rainfall with in the country amounts to 6 trillion cubic meters. Total water resources is 2.8 trillion cubic meters, which makes China have the 6th largest water supply in the world. The country is definitely rich on resources, however because of its large population, resources per capital is relatively low.

 2.   China has a enormous work force of 795.4 million. Compared to the world, the country has the largest work force. Education in China is primarily public and is provided by the Ministry of Education. All students are required to attend school for at least 9 years, and the government will typically fund students for 6-9 years.The school system varies from province, for example in one province middle school is 4 years long but in another province it is only 3 years.

3.The country experienced a rapid change in its infrastructure, technology and industries over the past decades. The most important influence to the countries success was due to foreign direct investment (FDI). Essentially FDI was the boost that gave the country a leap forward in its economy. The country experienced a sharp incline on exports and imports in 1994 and have experienced a surplus ever since.The countries growth has been legendary over the decades, by 2010 the country became the largest exporter in the world.
Today the country is still the fastest developing country by far, it's growth rate is on average 6.6% above the world.

 

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