china's economic growth

China's economic China's economic growthgrowth

Peter SleeckxPeter Sleeckx

OverviewOverview

• How China's economy began to growHow China's economy began to grow

• China’s strengths and weaknessesChina’s strengths and weaknesses

• Economic development Economic development

• ConclusionsConclusions

• Sources Sources

How China's economy began to How China's economy began to growgrow

• 1980: families are allowed to keep their 1980: families are allowed to keep their surplus gainsurplus gain• Growth peak 7,1 %Growth peak 7,1 %

• 1994: free price movements1994: free price movements

China’s strengths and China’s strengths and weaknessesweaknesses

• StrengthsStrengths• Cheap labour forceCheap labour force• Hard workers Hard workers • Many people Many people

• WeaknessesWeaknesses• Poor countrysidePoor countryside• Risk of overvalued property pricesRisk of overvalued property prices

Japanese land prises Japanese land prises 1984-20041984-2004

The biggest economyThe biggest economy

ConclusionsConclusions

• China is an exporting country with an China is an exporting country with an economy worth $ 5.8 trillioneconomy worth $ 5.8 trillion

• Experts expect that China’s economy will Experts expect that China’s economy will overtake the US economy within 10 years and overtake the US economy within 10 years and be the biggest economy.be the biggest economy.

• The GDP per head of the population is in The GDP per head of the population is in china just over $7.500 compared to $ 34.000 china just over $7.500 compared to $ 34.000 in Japan.in Japan.

SourcesSources

• http://www.bbc.co.uk/news/business-http://www.bbc.co.uk/news/business-1242732112427321

• http://www.bbc.co.uk/news/business-http://www.bbc.co.uk/news/business-1263721112637211

• http://en.wikipedia.org/wiki/China#Economyhttp://en.wikipedia.org/wiki/China#Economy

• http://www.bbc.co.uk/news/business-http://www.bbc.co.uk/news/business-1228517912285179