Since economic opening up and reform policy began in 1978, China’s economy has grown 90 times bigger and is the fast growing major economy in the word. China annual average GDP growth is predicted to be 9.5 percent for the period of 2011-2015.
It is the world’s largest exporter and the second largest importer of goods. It is also known as the word’s second biggest consumer of luxury goods. It now has the world’s second largest GDP at about 6 trillion US dollars, 40 percent of the United States, although it’s per capital income a 4300 US dollars is still low and put the China behind roughly a hundred countries.
China’s growth has been uneven when comparing different geographic regions and rural and urban areas. Development has also been mainly concentrated on the eastern coastal regions while the remainders of this country are left behind. In the past 10 years, China’s behind roughly a hundred countries.
China is a country crazy for skyscrapers to show its economic booming, more than 200 skyscrapers are being built now, within next three years, there will be one skyscraper completed every five days in China which will make the total 800 in five years, 4 times as many in the States.
China’s the world’s factory. One of the every three household appliances/three toys/two pair of shoes/two shirts are made in China. It has now become the world’s largest energy consumer but relies on coal to supply about 70 percent of energy needs.
Leading Chinese environmental campaigners have warned that water pollution is one of the most serious threats facing China now, yet with 34.6 billion US dollars invested in clean technology in 2009.
China is the world’s leading investor in renewable energy technologies. China produces more wind turbines and solar panels each year than any other country in the world.