It is based on the dominance of the state-owned sector and an open-market economy, and has its origins in the Chinese economic reforms introduced under Deng Xiaoping.
2 of 20
what is China's GDP per capita?
6,807.43 USD
3 of 20
china's economic objectives
Economic Growth (6.5-7% Target), Full Employment (less than 4.5%), Stable Prices (Inflation of 3%), Balance of Payments
4 of 20
what is China's ideal stable gtowth rate?
3%
5 of 20
what is China's ideal Economic Growth rate?
a 6.5 - 7% Target
6 of 20
Full Employment (less than 4.5%)
less than 4.5%
7 of 20
what is China's fourth economic objective, that has not already been mentioned?
Balance of Payments
8 of 20
postive externalizes within china
Three Gorges Dam, Agglomerations, Wage Increases and Urbanisation
9 of 20
negative externalizes within china
Income Inequality, Property Boom, Insufficient Power and Pollution
10 of 20
how Insufficient Power affects the Chinese population?
A summary measure of the information contained in the Lorenz Curve of an economy. The closer the Gini coefficient is to 1, the greater the income inequality. The closer the Gini coefficient is to 0, the greater the income equality.
11 of 20
china's current Gini coefficient in 2015
46.2
12 of 20
the percentage of the population of china that is below poverty line in 2012
6.5%
13 of 20
average wage in china in 2012
28,752 yuan (about $4,755)
14 of 20
China's unemployment rate (2015)
4.05%
15 of 20
China's Economic Growth rate (%)
6.7%
16 of 20
Chinas current account value (2015) (USD)
$376.00 USD
17 of 20
china's inflation rate (2017)
2.82 %
18 of 20
does type of economic growth does china want?
increasing
19 of 20
China's GDP cost (USD) (2016)
$11,39 trillion USD
20 of 20
Other cards in this set
Card 2
Front
what is a socialist market economy
Back
It is based on the dominance of the state-owned sector and an open-market economy, and has its origins in the Chinese economic reforms introduced under Deng Xiaoping.
Comments
Report