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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“Unaware of the absurdity of it, we introduce our own petty household rules into the economy of the universe for which the life of generations, peoples, of entire planets, has no importance in relation to the general development.”
—Alexander Herzen (1812–1870)
“Quidquid luce fuit tenebris agit: but also the other way around. What we experience in dreams, so long as we experience it frequently, is in the end just as much a part of the total economy of our soul as anything we “really” experience: because of it we are richer or poorer, are sensitive to one need more or less, and are eventually guided a little by our dream-habits in broad daylight and even in the most cheerful moments occupying our waking spirit.”
—Friedrich Nietzsche (1844–1900)
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—Jane Jacobs (b. 1916)
“O wonder!
How many goodly creatures are there here!
How beauteous mankind is! O brave new world
That has such people in’t!”
—William Shakespeare (1564–1616)
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—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)