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Modern China. Throw Away Your Prejudice! Presented by Bo. China’s Economy. China is one of the earliest centers of human civilization Before 19th century, China was always the largest economy in the world GDP: $2.279 trillion (the 4th largest economy in the world)
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Modern China Throw Away Your Prejudice! Presented by Bo
China’s Economy • China is one of the earliest centers of human civilization • Before 19th century, China was always the largest economy in the world • GDP: $2.279 trillion (the 4th largest economy in the world) • GDP (PPP): $8.158 trillion (the second largest economy) • GDP - per capita (PPP): $6,300 • Economic Miracle: The real average annual GDP growth rate is 9.6% in the past 25 years. • In 2005, the real GDP growth rate is 9.9%. In 1st quarter of 2006, the growth rate is 10.2% • Foreign Reserves: by the end of Feb. 2006, $853.7 billion (No.1 in the world)
Future about China’s Economy • Extrapolating past real GDP growth rates into the future, the size of the Chinese economy surpasses that of the U.S. in purchasing power terms between 2012 and 2015; by 2025, China will be the world's largest economic power by almost any measure. • China’s real GDP per capita will surpass that of the U.S. in around 2036-2039
Pictures about Modern China - Shanghai
Pictures about Modern China – Personal Home
Pictures about Modern China– Luxury*** The following car is Bentley Mulliner 728 limousines, the world’s most expensive car at $ 1. 2 million. In 2002-2004, Bentley sold 10 Mulliner 728 cars, 7 of which were bought by Chinese people.*** China is now the third-biggest consumer of luxury goods, accounting for 12 percent of sales worldwide, up from 1 percent just five years ago, according to a recent report from Goldman Sachs. If the high living continues as expected, China will surpass Japan to become the world's second-largest purchaser of luxury goods by 2015, when it could account for 29 percent of the world's luxury sales, the report said.
Pictures about Modern China – Daily LifeCommercial Street in Shanghai
Pictures about Modern China – Daily Life Commercial Street in Changsha
Pictures about Modern China – Western girls hired by Chinese entertainment company
Pictures about Modern China – An ordinary company in Changsha
Pictures about Modern China – Fortune 500 • In 2005, 18 Chinese companies are listed in Fortune 500. • In the future, more and more Chinese enterprises will join the club of Fortune 500 • Listed Companies • 1. China Petroleum & Chemical Corporation (31th) • 2. State Grid Co. of China (40th) • 3. China Natural Petroleum Corporation (46th) • …… • 7. China Telecommunication Corporation (262th) • ……
Pictures about Modern China - opportunities • Chinese National Savings is now 32 trillion CNYs, that is, 4 trillion dollars! • A land full of opportunities for the world • Service industry • Stock market