Economy Of The People's Republic Of China
The People's Republic of China (PRC) is the world's second largest economy by nominal GDP and by purchasing power parity after the United States. It is the world's fastest-growing major economy, with growth rates averaging 10% over the past 30 years. China is also the largest exporter and second largest importer of goods in the world. On a per capita income basis, China ranked 90th by nominal GDP and 91st by GDP (PPP) in 2011, according to the International Monetary Fund (IMF). The provinces in the coastal regions of China tend to be more industrialized, while regions in the hinterland are less developed. As China's economic importance has grown, so has attention to the structure and health of the economy. As the Chinese economy is internationalized, so does the standardized economic forecast officially launched in China by Purchasing Managers Index in 2005. Most economic growth of China is created from Special Economic Zones of the People's Republic of China.
Read more about Economy Of The People's Republic Of China: Overview, History, Government Role, Regional Economies, Development, Macroeconomic Trends, Financial and Banking System, Tax System, Labor and Welfare, External Trade, Foreign Investment, Demographics, Transportation and Infrastructure, Science and Technology, Luxury Goods, Environment and Public Health, Mergers and Acquisitions
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“Even the poor student studies and is taught only political economy, while that economy of living which is synonymous with philosophy is not even sincerely professed in our colleges. The consequence is, that while he is reading Adam Smith, Ricardo, and Say, he runs his father in debt irretrievably.”
—Henry David Thoreau (1817–1862)
“War. Fighting. Men ... every man in the whole realm is in the army.... Every man in uniform ... An economy entirely geared to war ... but there is not much war ... hardly any fighting ... yet every man a soldier from birth till death ... Men ... all men for fighting ... but no war, no wars to fight ... what is it, what does it mean?””
—Doris Lessing (b. 1919)
“There’s in people simply an urge to destroy, an urge to kill, to murder and rage, and until all mankind, without exception, undergoes a great change, wars will be waged, everything that has been built up, cultivated, and grown will be destroyed and disfigured, after which mankind will have to begin all over again.”
—Anne Frank (1929–1945)
“Jean Jacques Rousseau ... is nothing but a fool in my eyes when he takes it upon himself to criticise society; he did not understand it, and approached it with the heart of an upstart flunkey.... For all his preaching a Republic and the overthrow of monarchical titles, the upstart is mad with joy if a Duke alters the course of his after-dinner stroll to accompany one of his friends.”
—Stendhal [Marie Henri Beyle] (1783–1842)
“The roof of England fell
Great Paris tolled her bell
And China staunched her milk and wept for bread”
—Karl Shapiro (b. 1913)