China has a mixed socialist-capitalist economic system that is the second largest in the world. It has experienced very fast economic expansion recently but also high unemployment and inflation rates. China's economy relies heavily on exports and trading partners as well as natural resources, while labor unions are government controlled. Major infrastructure projects aim to further develop manufacturing centers through urbanization.

1. CHINESE ECONOMICS

3. “Near Market”

4. Mix

5. Socialist

6. Capitalist

9. NATURAL RESOURCES

10. LABOR UNIONS Independent Unions Illegal Communist Labor Unions Government Controled Labor Laws 5 day, 40 hour work week At least $48 per week Workers must be older than 16

12. 16,000 sq mile urban area, 26 times larger geographically than Greater London

13. Covers China’s manufacturing heart land

14. Accounts for 1/10th of China’s economyInfrastructure will cheapen in near future because of and Infrastructure bubble