Measured on purchasing power parity (PPP), China in 2009 stood as the second-largest economy in the world after the US, though the per capita income is still lower middle-income.
Source: EIU Country Data
Sunday, September 19, 2010
China Economic profile
In the last 30 years, China’s economy has changed from a centrally planned system to a more market-oriented economy and has a rapid growth, averaging 8% growth in GDP per year.
Measured on purchasing power parity (PPP), China in 2009 stood as the second-largest economy in the world after the US, though the per capita income is still lower middle-income.
Measured on purchasing power parity (PPP), China in 2009 stood as the second-largest economy in the world after the US, though the per capita income is still lower middle-income.
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The economic of China is quite strong for recent years, especially during the recession since 2008. Even the economic of the world was influenced strongly by US, China still works well in their society. If we compare the GDP of 2008 and 2009, we easily tell that the GDP, and the growth of GDP still desirable.
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