General information on the economy, CHINA:
China has long been known as an economy and strong technical development. China's economy was 17.63 trillion (in 2014, based on purchasing power parity), making it a country whose economy a world leader. (eu 2nd with 17.61 trillion, cosmetic 3rd with 17.61 trillion),
China is a country with many advantages: its large size, abundant natural resources, abundant labor force ... however, it is still a relatively poor country living standards. economy only created 12900USD on one person (per capita gdp aesthetic is 52,800usd). low living standards allow Chinese workers pay less, make products cheaper, attracting investors overseas production to outsource the job there.
China build an economy growing at low cost export of machinery and equipment.
China exported its 2,323 trillion in 2014 with all kinds of major items such as electronics, photography, textiles, optical instruments, medical equipment, household items ... partners mainly their imports are: US, Japan, EU, Korea, ASEAN ... China has become the largest exporter in the world.
China imports raw materials cave goods from Latin America, Africa, the major types of items such as oil and other fuels, metal ores, plastics, organic chemicals and grain. that flower has forced the worldwide boom in oil extraction and agriculture.
Unfortunately, the supplier created through multiple sources, the result is worth shelling in 2015. Due to increased China's growth slowed, the price of commodities used in production will be reduced.
Science and Technology of China has developed very strongly with much success in the physical, biological, medical.
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