Download Downlaod File

1990–2000
Trend GDP in China from 1952 to 2005
In 1990 arrived in the Chinese economy in a huge acceleration and the percentage of
production is about 9.5%, accompanied by inflation and growing rapidly, which amounted to
more than 20 per cent in 1994. The Asian financial crisis affected China in the margin
decreased mainly through foreign direct investment and a sharp decline in export growth.
However, China had huge reserves and currency that was not freely convertible and capital
flowed consisting mostly of long-term investments. For these reasons, remained largely
isolated from the regional crisis. The commitment not to devalue was a key factor in achieving
stability in the region. However, China faced slowing growth and rising unemployment on the
basis of internal problems, including the financial system saddled with huge amounts of bad
loans and massive layoffs stemming from effective efforts
Although China's economic development impressive during the past two decades, public
sector reform and modernization of the banking sector after the major hurdles. More than half
of state-owned enterprises in China losses were ineffective and reporting. During the National
Conference 15 Communist Party, which met in September 1997 President Jiang Zemin Khaltt
to sell, merge, close the vast majority of state-owned enterprises in his call to increase the
property is public or privatization..
2000–2010
After the plenary session of the Communist Party of China III, which was held in October
2003 revealed the proposed amendments many Chinese legislator to the state constitution.
Was one of the most important proposal for the protection of private property. The lawmakers
also noted there will be a new emphasis on certain aspects of the government's economic
policy. growth while protecting the environment and improving social equity. The National
People's Congress approved the amendments when it met in March 2004.
The Fifth Plenum in October 2005 approved the 11th Five-Year Economic Program (2006–
2010) aimed at building a "socialist harmonious society" through more balanced wealth
distribution and improved education, medical care, and social security. On March 2006,
the National People's Congress approved the11th Five-Year Program. The plan called for a
relatively conservative 45% increase in GDP and a 20% reduction in energy intensity (energy
consumption per unit of GDP) by 2010.
China's economy grew at an average rate of 10% per year during the period 1990–2004, the
highest growth rate in the world. China's GDP grew 10.0% in 2003, 10.1%, in 2004, and even
faster 10.4% in 2005 despite attempts by the government to cool the economy. China's total
trade in 2010 surpassed $2.97 trillion, making China the world's second-largest trading nation
after the U.S. Such high growth is necessary if China is to generate the 15 million jobs
needed annually—roughly the size of Ecuador or Cambodia—to employ new entrants into the
national job market.
On January 14, 2009, as confirmed by the World Bank the NBS published the revised figures
for 2007 fiscal year in which growth happened at 13 percent instead of 11.9 percent
provisional figures. China's gross domestic product stood at US$3.38 trillion
while Germany's GDP was USD $3.32 trillion for 2007. This made China the world's third
largest economy by gross domestic product based on these figures, in 2007 China recorded
its fastest growth since 1994 when the GDP grew by 13.1 percent.