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)
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—Jane Jacobs (b. 1916)
“Cities need old buildings so badly it is probably impossible for vigorous streets and districts to grow without them.... for really new ideas of any kind—no matter how ultimately profitable or otherwise successful some of them might prove to be—there is no leeway for such chancy trial, error and experimentation in the high-overhead economy of new construction. Old ideas can sometimes use new buildings. New ideas must use old buildings.”
—Jane Jacobs (b. 1916)
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—Michel de Montaigne (1533–1592)
“I have always considered it as treason against the great republic of human nature, to make any man’s virtues the means of deceiving him.”
—Samuel Johnson (1709–1784)
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Aged in wrong, the empires are declining,
And China gathers, soundlessly, like evidence.
What shall I say to the young on such a morning?—
Mind is the one salvation?—also grammar?—
No; my little ones lean not toward revolt.”
—William Dewitt Snodgrass (b. 1926)