china economic development
June 23rd, 2009China has become one of the world’s major economic powers with the greatest potential, and the overall living standard has reached that of a fairly well-off society. In the 27 years following reform and opening-up in 1979 in particular, China’s economy developed at an unprecedented rate, and that momentum has been held steady into the 21st century.China business information
In 2008, the government further strengthened and improved its macro control, and the economy entered its best ever development period of recent years. .China business information The gross domestic product (GDP) for 2008 amounted to 30067.0 billion Yuan, 9.0 percent higher than the previous year.
A marked improvement in quality of life has made, with 5 percent annual growth in the disposable income of urban residents and in the net income of rural residents .China business information
China is Optimizing and upgrading the industrial structure to sharpen China’s competitive edge. By 2010, the added value of the primary, secondary and tertiary industries will account for 13 percent, 51 percent and 36 percent, respectively, of GDP; employing 44 percent, 23 percent and 33 percent, respectively, of the labor force..China business information
Most of economic targets have already been achieved ahead of schedule. Though, at present, Chinese economic development is encountering the international financial crisis, and the influence may be continuing. Chinese have confidence to be the first one to pass the crisis.