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Politics : Politics for Pros- moderated
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To: FJB who wrote (408050)1/31/2011 9:01:13 PM
From: skinowski  Read Replies (1) of 793990
 
China is the elephant in the room.... they do grow like crazy. No doubt they have plenty of problems - who doesn't. And... it is true that they have hundreds of millions of people still living in poverty - and very much interested in moving to the more industrialized areas. That's a potential problem for China - but also for everyone else, because of continuous pressure on prices and wages. That's downward pressure we are talking about.

Few recent numbers:
------------------------------



GDP - real growth rate:
10.1% (2010 est.)
country comparison to the world: 5
9.1% (2009 est.)
9% (2008 est.)

GDP - per capita (PPP):
$7,400 (2010 est.)
country comparison to the world: 128
$6,800 (2009 est.)
$6,200 (2008 est.)
note: data are in 2010 US dollars

GDP - composition by sector:
agriculture: 9.6%
industry: 46.8%
services: 43.6% (2009 est.)

Labor force:
819.5 million (2009 est.)
country comparison to the world: 1

Labor force - by occupation:
agriculture: 39.5%
industry: 27.2%
services: 33.2% (2008 est.)

Unemployment rate:
4.3% (September 2009 est.)
country comparison to the world: 40
4.2% (December 2008 est.)
note: official data for urban areas only; including migrants may boost total unemployment to 9%; substantial unemployment and underemployment in rural areas

cia.gov
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