This revision presentation provides an overview of some of the key features of China's economy. It looks at China's economic growth; the impact of urbanisation and investment in infrastructure; China's record on poverty and the creation and use of China's substantial foreign currency reserves. It also looks at rising wage costs in China and the need for China to rebalance its economy reducing reliance on investment and increasing the role of consumption in economic activity.
4. China remains a Communist state dominated by the
Chinese Communist Party but it is also an increasingly
open economy where trade accounts for over 70% of GDP
5. China has achieved a consistently high rate
of economic growth in recent decades
6. In 2010 China overtook Japan to become the 2nd largest
economy and sustained the global economy during the
financial crisis
BRICS: China’s economy is now bigger than
Brazil, Russia and India combined!
7. China has added the equivalent of an economy
the size of Portugal every years since 1979
8. In 2011 China overtook he US to become the
world’s producer of manufactured goods
9. Made in China – the Factory of the World –
but for how much longer?
10. Much of China’s economic growth has been
driven by massive investment in infrastructure
11. For example, China plans to build 56 new
airports & relocate/expand 91 others by 2015
12. China is investing over $300bn in building high
speed rail to connect all of its major cities
13. As a result of rapid economic growth, significant
progress has been made in reducing poverty in China
14. Levels of extreme poverty have fallen
dramatically in China in the last 30 years
20. Approximately 1 in 10 people in the world
now live in a Chinese city
Cities with more than a million people in 2011
USA (9)
European Union (18)
China (93)
New York: 8.2
Los Angeles: 2.8
Chicago: 2.7
Houston: 2.1
Philadelphia: 1.5
Phoenix: 1.4
San Antonio: 1.3
San Diego: 1.3
Dallas: 1.2
London: 7.8
Berlin: 3.5
Madrid: 3.3
Rome: 2.5
Paris: 2.2
Hamburg: 1.8
Budapest: 1.7
Vienna: 1.7
Warsaw: 1.7
Shanghai: 19.5
Beijing: 15.0
Guangzhou: 10.4
Shenzhen: 10.2
Chongqing: 9.7
Wuhan: 8.9
Tianjin: 8.5
Dongguan: 7.1
Chengdu: 6.3
Bucharest: 1.7
Barcelona: 1.6
Munich: 1.3
Milan: 1.3
Prague: 1.2
Sofia: 1.2
Brussels: 1.0
Birmingham: 1.0
Cologne: 1.0
Foshan: 6.2
Nanjing: 5.6
Haerbin: 5.4
Shenyang: 5.4
Hangzhou: 5.1
Xi’an: 4.8
Shantou: 4.0
Zhengzhou: 3.7
Qingdao: 3.6
21. China’s economic growth provides the tantalising
prospect of demand from 1 billion consumers
22. The growth of the consumer “middle class” in
China is driving phenomenal purchasing power