University of Paris.revised.pptVIP

The Economy of P.R.C. – A Few Aspects Dr. Wang Chuanying The College of Foreign Languages Nankai University Acknowledgments World Investment Reports, UNCTAD Quarterly Reports, IMF The Economist The McKinsey Quarterly Wikipedia Study reports by Merrill Lynch and Morgan Stanley Promotional material (DVD) by Tianjin Binhai New Area Structure of this Presentation General Review of China’ Economy Its Two Growth Engines: Foreign Trade and FDI Development Issue: Regional Imbalance Challenges Opportunity: China’s Emerging Middle Class Video Show Statement of Purposes 3 purposes for today’s workshop: Review China’s economic development after the 1970s Summarize its features Explore potential market opportunity General Review Second largest in 2008 by PPP: ＄7.8 trillion; Third largest by nominal GDP: ＄4.3 trillion. As of Jan. 2009, China’s economy is 15% larger than Germany’s --World Bank China Office It is projected to overtake Japan in 3-4 years --Ting Liu, Merrill Lynch China economist Fastest-growing nation: average annual GDP growth 9% Average yearly household income growth: 8% in the past 30 years The Economy of the Peoples Republic of China Key Indicators with Regard to Poverty Relief Hundreds of millions have been lifted out of poverty Poverty rate down from 53% in 1981 to 10% in 2007 Infant mortality down 39.5% during 1990-2005 Maternal mortality down by 41.1% Access to telephone: 57.1% Trend of China’s GDP at Market Prices China GDP Growth 1990-2008 Resilience of China’s Economy Fighting Natural Disasters and Pandemic Diseases SARS in 2003—7% or even below, but finally above 10%, proven prophecy by Steve Roger, chief economist of Morgan Stanley Winter storms, the Sichuan Earthquake, South China Floods in 2008 only mildly affected national economic growth—4.