An overview on China economy

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? ? An overview on China economy
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China
Capital Currency

• Flag
• Emblem

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China

• Formal name People's Republic of China
  (PRC),Oct.1st, 1949 founded
• Capital Beijing
• Political parties The Communist Party of China
  ("CPC")
• Head of State President Hu Jintao elected March
  15, 2003
• Land size 9,600,000 sq km
• Population 1.294 billion by the end of 2003
• Religion Diverse
• Staple food Rice

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• How China changed from 1949.
• How is China going to be in next 5 years.
• What are the opportunities, how to find them?

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• 1949, extremely poor (5-year plan starts)
• 1979, Chinas reform and open-up
• Now--- a major economic
  power
• (2006-2010, 11th.
  5-year plan)

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Three-Step

• Step 1
• to double the 1980 GNP and ensure that the
  people have enough food and clothing
• Step 2
• to quadruple the 1980 GNP by the end of the
  20th century
• Step 3
• to increase to the level of the
  medium-developed countries by the mid-21st
  century, at which point, the Chinese people will
  be fairly well-off and modernization will be
  basically realized.

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GDP by sector, 1978 - 2002 (in 100 Mio. Yuan)
Source China Statistical Yearbook, 2003, Table
3-1, p.55.Note At current prices
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Three-Step

• Step 1
• to double the 1980 GNP and ensure that the
  people have enough food and clothing Step
• Step 2
• to quadruple the 1980 GNP by the end of the
  20th century
• Step 3
• to increase to the level of the
  medium-developed countries by the mid-21st
  century, at which point, the Chinese people will
  be fairly well-off and modernization will be
  basically realized.

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11th. 5-year plan by 2010

• Increase total volume of trade in goods to US2.3
  trillion
• Increase total volume of trade in services to
  US400 billion
• Which means double 2005.
• To enable China "participate in international
  economic and technological cooperation and
  competition in a larger and more profound way" .
• Lay stress on the quality of foreign investment
  utilization, and give priority to introducing
  advanced technologies and managerial expertise
  and special talented people by way of using
  foreign investment.
• Source Xinhua News
  Agency March 6, 2006

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Bottle neck

• The main natural resource supply shortage
• Environmental pollution
• Increased social conflicts
• The shortage of skilled labor force
• An aging population structure

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10 Areas Favorable for Overseas Investors

• 1 ..... Comprehensive and new technological
  agroeconomic projects like the retooling of
  low-and medium-yield farmland and the development
  of high yield varieties.
• 2 ..... Construction of infrastructural
  facilities in the sectors including energy and
  communications, and basic inductrial projects,
  such as the production of key raw and processed
  materials.
• 3 ..... State designated pillar industries,
  including machinery, electronics, petrochemicals
  and automobile.
• 4 ..... Projects capable of introducting advanced
  technologies to improve economic returns and
  productivity of domestic enterprises, and the
  products that can meet the demands in the home
  market.
• 5 ..... Projects that can increase foreign
  exchange earing through export.
• 6 ..... Projects using new technologies and
  equipment to comprehensively use resources and
  recycled resources.
• 7 ..... Technologies and equipment helpful for
  pollution control and environment protection.
• 8 ..... Emerging industrial technologies and
  equipment, such as bio-chemical, telecom
  networking systems, isotope radiation and laser,
  maring development and the development of oceanic
  energy.
• 9 ..... Service industry, such as consultancy
  services, maintenance and after sales service of
  precision instruments.
• 10 ..... Projects that can make good use of the
  labor-force and natural resources in central and
  western China.

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Yangtze Delta
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Zhejiang

• GDP,
• 1336.5 billion RMB
• 71.5 GDP,
• non-state-owned economy
• 12.4 increase
• 2005

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• http//www.zhejiang.gov.cn
• http//english.gov.cn/
• http//www.china.org.cn

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zhongxianguo_at_gmail.com
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Some Symbols

• Giant Panda
  Tree peony (mudan)