China is rising 3

8/7/2019 China is rising 3

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The economy of Chinais the third largest in the world, afterthe United States and Japan , GDP (PPP)$8.767 trillionGDP (nominal) $$4.911

China could overtake Japan as the world's second-largest

economy in 2010, one year before Goldman Sachs (GS.N)Chief Economist Jim O'Neill had previously expected.

Its on track to pass United States by 2020.

Foreign Policy magazine cite: that by 2040, theChineseeconomy will reach $123 trillion, or nearly three times the

economic output of theentire globe in 2000.C

hina's percapita income will hit $85,000. How realistic is that?

WTO reported that China is world's second largest tradingpower behind theUS with a total international trade ofUS$2.21 trillion US$1.20 trillion in exports (#1) and US$1.01trillion in imports (#2).


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foreign exchange reserves have reached US$2.4 trillion, making it byfar the world's largest. It is among the world's favorite destinationfor FDI, attracting more than US$80 billion in 2007 alone

China now ranks 29th in the Global Competitiveness Index

Thirty-seven Chinese companies made the list in the 2009 FortuneGlobal 500, Measured using market capitalization, four of the world'stop ten most valuable companies are in China

Four Decades of Galloping Growth Chinas economy has increasedby a cumulative 371.3% in the last 40 years . Thats an annual rate of9.3%. Thats the best rate of growth by far among emerging nations

and dwarfs mature, developed economies around the world China overtook Germany as the world's largest exporter in 2009.

Automobile market and Industry

Total vehicle production and sales across the country reached 1.61million and 1.66 million respectively in January, up 143 percent and

124 percent from a yearearlier, theC

hinaA

ssociation ofA

utomobileManufacturers said.

Sales of cars, sports-utility vehicles, and multi-purpose vehicles also hita new monthly record of 1.32 million units last month, with stronggrowth of 113 percent over last year, said the association.Almosthalf of the sales, 650,000 units, were made by homegrown brands.


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Statistics from CAAM confirmed last month that China had overtakentheUnited States to become the world's top auto maker and marketin 2009 with annual sales reaching 13.64 million units. Output reached13.79 million units last year.

China expect that auto market will grow to 15 million units in 2010

China's auto export in 2009 dropped 46 percent year-on-year due tothe global downturn, according to theChina Association ofAutomobile Manufacturers.

Housing prices in China's 70 large and medium-sized cities rose 9.5

percent in January 2010 from a yearearlier, up 1.3 percentcompared to the previous month, said the National Bureau ofStatistics.


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December 2009, China launched what it described as theworlds fastest train service covering a distance of 1,068 km atthe average speed 350 km an hour. Max speed around 500 Km

China has 3800 KM High speed railway road.The second largest

is Japan with around 2900 Km. China is set to build a network of 42 high-speed railways, with a

total length of 13,000 km (8,078 miles) by 2012. China hasunveiled a massive rail development program, considered to bethe worlds biggest plan outside the United States. The goal is totake the rail network from the current 86,000 kilometers to120,000 kilometers.

The Expressway Network of Chinas one of the longest in theworld. The network is also known as National Trunk HighwaySystem . The total length of China's expressways is 60,300 km theworld's second longest only after the United States and roughlyequals that in Canada, Germany, and France combined. In2008, 6,433 km of expressways were added to the network.


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City Urban Population1Shanghai 9,495,700

2Beijing 7,296,962

3Hong Kong 7,000,0004Tianjin 5,066,129

5Wuhan 4,488,892

6Guangzhou 4,154,8087 Shenzhen 4,000,000

8Shenyang 3,981,023


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With 2.3 million active troops, the People's LiberationArmy is thelargest military in the world

The PLA consists of an army, navy, air force, and strategicnuclear force. The official announced budget of the PLA for 2009was $70 billion. However, theUnited States claimsChina does not

report its real military spending. The real Chinese military budget for2008 could be anywhere from US$105 to US$150 billion

China, with possession of nuclear weapons and delivery systems, isconsidered a major military regional power and an emerging militarysuperpower.

In late December 2008 and early January 2009, there were multiplereports of China building two conventionally powered aircraftcarriers displacing 50,00060,000 tones, possibly to be launched in2015, and therehave been press reports suggestingChina's intentionto build aircraft carriers.


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TheUS Defense Department reported in early 2009 that

China's navy will develop a new generation of warships and aircraftto give it much longer-range capabilities

China military has purchased state-of-the-art fighter jets fromRussia, such as the Sukhoi Su-30s, and has also produced its ownmodern fighters, specifically theChinese J-10s and the J-11

Chinass commander-in-chief said in comments published ThursdayApril 16 2009. Admiral Wu Shengli told the state-run China Daily

newspaper that theChinese navy wanted to develop hardwaresuch as large combat warships, stealth submarines with abilities totravel further and supersonic cruise aircraft. More accurate long-range missiles, deep-sea torpedoes and a general upgradeof information technology , according to Wu. The navy willestablish a maritime defense system that corresponds with the need

to protect China's maritime security and economic development

Chinese Difence Minister Liang Guanglie was quoted in state mediain March 2009 saying China no longer wanted to be the only majorglobal power without an aircraft carrier.


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In 1992, the Shenzhou manned spaceflight program was

authorized. Shenzhou 5 was launched on 15 October 2003,carryingChinese astronaut Yang Liwei, making the PRC the third country toput a human being into space through its own endeavors.Chinacompleted its second manned mission with a crew of two, Shenzhou6 in October 2005. In 2008, China successfully completedthe Shenzhou 7mission, making it the third country to have the

capability to conduct a spacewalk. The country plans to builda Chinese Space Station in the near future and achieve a lunarlanding in the next decade.

China has the world's second largest research anddevelopment budget, and is expected to invest over $136 billion in

2006 after growing more than 20% in 2005 the past year.TheChinesegovernment continues to placeheavy emphasis on research anddevelopment by creating greater public awareness of innovation,and reforming financial and tax systems to promote growth incutting-edge industries.


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China make the transition from a manufacturing-basedeconomy to an innovation-based one and the National

People'sCongress have approved large increases in researchfunding. Stem cell research and gene therapy, which some inthe Western world see as controversial, face minimalregulation in China.China has an estimated926,000 researchers, second only to the 1.3 million in theUnited States

China is also actively developing itssoftware, semiconductor and energy industries,including renewableenergies such as hydro, wind and solarpower

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China is rising 3