Tuesday, May 11, 2010

Facts About The Economy in China

  • China is the World's fourth largest economy, but its per capita incolm is ranked around 100th in the world-the first "poor" global economic superpower in history.
  • China's economic modernization has lifted almost 400 million citizens out of poverty since 1990, but 415 million Chinese still live on less than $2 per day.
  • China's economy is relatively open, but the Country consistently is rated one of the politically least free Countries in the world.
  • China graduated more than 800,000 students a year in engineering and sciences, but only has 120,00 certified lawyers.
  • China has land borders with 14 States, extending some 13,000 miles, but has not fought a was since 1979.
  • Beijing has announced double-digit increases in its defense budget nearly every year since 1991, but says it pursues a "path of peaceful development" to greater power.

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