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China Dragon Country

In: Business and Management

Submitted By MananShah
Words 809
Pages 4
* ------------------------------------------------- https://www.youtube.com/watch?v=pG225dz89TY * ------------------------------------------------- SLIDE 2 INTRO-
China today is never out of the news: from human rights controversies and the continued legacy of Tiananmen Square, to global coverage of the Beijing Olympics, and the Chinese "economic miracle." It is a country of contradictions and transitions: a peasant society with some of the world's most futuristic cities, an ancient civilization that is modernizing as rapidly as possible, a walled-off nation that is increasingly at the center of world trade.
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Economic performance since reform
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China's economic growth since the reform has been very rapid, exceeding the East Asian Tigers. Economists estimate China's GDP growth from 1978 to 2005 at 9.5% a year. Since the beginning of Deng Xiaoping's reforms, China's GDP has risen tenfold. Some scholars believed that China's economic growth has been understated, due to large sectors of the economy not being counted.[30]

SLIDE- 4 GDP First, it is equal to the total expenditures for all final goods and services produced within the country in a specified period of time (usually a 365-day year). Second, it is equal to the sum of the value added at every stage of production by all the industries, plus taxes and minus subsidies on products. Third, it is equal to the sum of the income generated by production like compensation of employees, taxes on production and imports less subsidies, and gross operating surplus. SLIDE -6 CHINA GDP GROWTH RATE In China, the growth rate in GDP measures the change in the seasonally adjusted value of the goods and services produced by the Chinese economy during the quarter. China's economy is the second largest in the

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