The Economic Impact of China
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BusinessWeek reports on the ‘China Numbers like:
-3rd quarter growth of 10.4% ( after nearly 11% during the first half of 2006)
- Total GDP of $2.2 trillion and recently overtook britain as the fourth biggest economy after US, Japan and Germany.
- Close to $1 trillion foreign exchange reserves.
- World’s number 3 trading nation, exporting and importing over $1.4 trillion worth of goods per year with global trade surplus of $102 billion in 2005. IT is estimated to ahve a surplus of $150 billion for 2006.
- It had a $127 billion surplus with Europe and a $202 billion surplus with US in 2005.
- consumes 20% of the aluminum, and copper, 30% of steel, iron ore and coal, and 45% of the cement produced each year. More …
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Posted in FrontPage, on China/Asia |
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