EconomicanalysisofChina.docx

Economic analysis of China
China's economy develops rapidly in recent years, especially China's GDP, which is the gross domestic product, grows rapidly every year. But China's economy still has many problems.
According to China's GDP data released over the years, China's GDP grows rapidly every year. In 1980, China's GDP is only $ billion, ranked seventh in the world. GDP per capita is only $ 190. China is one of the world's lowest-e countries. In 2010, China's GDP is $ 5, billion. From 1980 to 2010, the average annual GDP growth rate is % and the economic aggregate increased 77 times. China’s GDP is ranked second in the world. With the reforming, China's economic average annual growth rate is %. At the same period, the world average annual economic growth rate is 3%.
The data show that the economic aggregate is also growing rapidly with the growing of China's GDP. The growing of the economic accelerate narrow the gap between China and some major developed countries in the world. The rank of China’s economic aggregate goes up from tenth at 1980 to second at 2010. United States is the first at 2010. According to IMF statistics, China's GDP in 2010 is $ billion, equivalent to 40% of the United States’ GDP. At the same period, the economic aggregate share of the world economy has increased significantly from % at 1980 to % at 2010.
    
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