China’s economy stands the 2nd in the list of the world’s largest economy after United States, china’s economy is said to be one of the words fastest growing major economy, with the rate of 10% for past about 30 years by now, In the list of international numbers china stands on the rank 1st on exporters and 2nd on the importers , the Trade system in china is all international with the collaboration of the major countries of the world such as United states, Hong Kong, South Korea, Japan, Taiwan, Germany.
China’s investment however in 2010 in the direct sector have crossed $100 billion, that has set the new record and broke the older, back in china industrialization has hit mainly the costly region, china in today’s era participates attentively in the world market and private sector companies, over the years with china’s huge running economy the poverty standards have risen for about 53% in 1981 to 2.5% in 2005, but still however it was said that in 2006, about 10.85 lived less than 1$ in a day, even the use of excess of telephone has increased.
The revolution of Chin’s economy system that was turned in to a communist system in 1947, for this very reason today many experts believe that china is a paragon for the example of state capitalism in today’s history. China has increased in fashion filed, as its role in the world’s economy has increased drastically ,with a steady growth, with its foreign trade growing every year, Chin’s business infrastructure comes from heavy investment, from private sectors, expansion of non-heavy industries.
China’s main industries are mineral mining, iron, steel, aluminum, coal, petroleum, cement, chemical fertilizers, and consumer’s products, like footwear, cloth inline, and Toys, electronics, transportation equipment ect, In china many Huge foreign companies have setup there factories because of cheat labor rates .
