Essay heading: A Brief Chinese History

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History

 

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Date added:

February 2, 2007

 

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2 / 450

 

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Its economy is now the second-biggest in the world, behind only the U.S., and there are predictions it will assume the top spot as early as 2020. China's integration into the world economy has been astonishingly rapid. Since its adoption of the "Four Modernizations" a generation ago (agriculture, industry, science and technology, and defence) China's share of world economic output has grown from 3...
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The World Bank now estimates that exports represent a quarter of China's GDP, five times the level of 1978. And it's not just exports that are booming. China is consuming and importing at a frantic rate. Global trade was moribund in 2003, but China managed to boost its imports by 40 per cent that year...
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