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China Quick Facts

Growth
  • Real GDP grew a stronger than expected: 11.5 percent in the first three quarters of 2007.
  • GDP growth is projected to be 11.5 percent in 2007.
  • In 1985 average income in China was $293; in 2006 the average income is $2,025.
China and the Global Economy
  • China achieved 14 percent of the world economy on purchasing power parity basis in 2005 (second to the United States).
  • China contributed one-third of global economic growth in 2004.
  • In 2004, China accounted for half of global growth in metals demand, and one-third global growth in oil demand.
  • China's economy has a high energy intensity. The country uses 20-100 percent more energy than OECD countries for many industrial processes. Automobile standards lag behind European standards by ten years. And China has 20 of the world's 30 most polluted cities, largely due to high coal use and motorization.
  • Foreign exchange reserves exceed $1000 billion (exceed Japan), and are growing at about $200 billion a year.
  • About 20 percent of China's exports go to the United States.
China and the World Bank
  • In FY07, China borrowed $1.641 billion from the World Bank.
  • Since becoming a member of the World Bank in 1980, the Bank has supported more than 284 projects in China, with a total of $42.2 billion in loans and credits – of which 70 projects are ongoing, making China's portfolio one of the largest in the Bank.
  • China graduated from the International Development Association in 1999.

More information:
blue arrow China Data and Statistics

CHINA IN THE

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