Portal - Business and Economicstotal: List of Economics Articles, Economy of the People's Republic of China, Subprime Mortgage Crisis (Paperback)

Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. Pages: 181. Not illustrated. Chapters: List of Economics Articles, Economy of the People's Republic of China, Subprime Mortgage Crisis, Emergency Economic Stabilization Act of 2008, Money Market Fund, Supervisory Capital Assessment Program, China Economic Stimulus Program, Business Relationship Management, Warehouse Club, 2008 in Economics. Excerpt: The economy of the People's Republic of China is the third largest in the world, after the United States and Japan with a nominal GDP of US$4.91 trillion when measured in exchange-rate terms. It is the second largest in the world after that of the U.S. with a GDP of $8.77 trillion when measured on a purchasing power parity (PPP) basis. China is the fastest-growing major economy in the world, and has had the fastest growing major economy for the past 30 years with an average annual GDP growth rate of over 10%. The country's per capita income is at $3,677 (nominal, 97th), and $6,567 (PPP, 98th) in 2009, according to the IMF. China is the second largest trading nation in the world and the largest exporter and second largest importer of goods. In the modern era, China's influence in the world economy was minimal until the late 1980s. At that time, economic reforms begun after 1978 began to generate significant and steady growth in investment, consumption and standards of living. China now participates extensively in the world market and private sector companies play a major role in the economy. Since 1978 hundreds of millions have been lifted out of poverty: According to China's official statistics, the poverty rate fell from 53% in 1981 to 2.5% in 2005. However, 10.8% of people still live on less than $1 a day (PPP-adjusted). The infant mortality rate fell 39.5% between 1990 and 2005, and maternal mortality by 41.1%. Access to telephones during the period rose more than 94-fold, to 57.1%. China...