Dxpat.com

Overview websites for China

www.worldbank.org/en/country/china/overview

China has had a remarkable period of rapid growth shifting from a centrally planned to a market based economy. Today, China is an upper middle-income

www.bbc.co.uk/news/world-asia-pacific-13017877

Provides an overview of China, including key events and facts.

www.visitourchina.com

China Overview. China is one of the biggest countries in the world. It has an area of about 9.6 million square kilometers which comprises about 6.5 per cent of

asiafoundation.org

China’s economic transformation presents challenges both for the country’s rapidly changing society and for the government, which has undertaken reforms to

www.nationsencyclopedia.com

China’s economy has grown increasingly faster since the 1978 introduction of economic reforms. The Chinese official statistics show that real gross domestic

Since initiating market reforms in 1978, China has shifted from a centrally planned to a market based economy and experienced rapid economic and social development. GDP growth averaging about 10 percent a year has lifted more than 600 million people out of poverty. All Millennium Development Goals have been reached or are within reach.

With a population of 1.3 billion, China recently became the second largest economy and is increasingly playing an important and influential role in the global economy.

Yet China remains a developing country and its market reforms are incomplete. In 2011, China’s gross national income per capita of $4,940 ranked 114th in the world; and over 170 million people still live below the $1.25-a-day international poverty line. With the second largest number of poor in the world after India, poverty reduction remains a fundamental challenge.

Rapid economic ascendance has brought on many challenges as well, including high inequality; rapid urbanization; challenges to environmental sustainability; and external imbalances. China also faces demographic pressures related to an aging population and the internal migration of labor.

Significant policy adjustments are required in order for China’s growth to be sustainable. Experience shows that transitioning from middle-income to high-income status can be more difficult than moving up from low to middle income.

China’s 12th Five-Year Plan (2011-2015) forcefully addresses these issues. It highlights the development of services and measures to address environmental and social imbalances, setting targets to reduce pollution, to increase energy efficiency, to improve access to education and healthcare, and to expand social protection. Its annual growth target of 7 percent signals the intention to focus on quality of life, rather than pace of growth.

Leave a Reply

Your email address will not be published. Required fields are marked *

a searchable web directory for Expat and websites organised by countries.