Chinese Economy

by Sam Karthik

Description After the founding of the People's Republic of China, through large-scale reforms in a planned manner, China has become one of the world's largest economic powers with a huge development potential, and its people's lives have generally reached a well-off level. From 1953 to 2016, China has successively completed twelve Five Year Plans ("') and achieved double digit growth rate, laying a solid foundation for the development of the national economy. Before 1978, the Chinese economy had a weak agricultural foundation and an imbalance in the proportion of light and heavy industries. The economic reforms and opening up in 1978 have enabled the Chinese economy to gain faster growth than ever before. After entering the 21st century, China's economy continues to maintain steady and rapid growth.
According to China's National Bureau of Statistics (), China's GDP in 2018 was about 919 billion yuan. Moreover, according to preliminary calculations, China's GDP in 2019 was nearly 998 trillion yuan, calculated at comparable prices, an increase of 6% over the previous year, and in line with the expected target of 6% to 6.5%. Further, in 2019, China's total combined value of import and export was about US $4,575 billion. Of the total amount, export amounted to US$2498 billion, with an increase of 0.5%; import amounted to nearly US$2076 billion, with a decrease of 2.8%; trade surplus was US$421 billion, with an increase of 20%. The book has 17 chapters, including the following: Chapter 1: China's Economic Reform ( ")Chapter 2: Economic Data ( )Chapter 3: GDP ( …")Chapter 4: National Bureau of Statistics of the People's Republic of China ( '…')Chapter 5: China's Economic Policy (" "– )Chapter 6: China's Foreign Trade (… –")Chapter 7: World's Manufacturing Center ( – )Chapter 8: China's Exports (… )Chapter 9: China's Import ( )Chapter 10: The Global Financial Crisis ( …')Chapter 11: Monetary Exchange Rate Policy ( "–)Chapter 12: Five-Year Plans ( "')Chapter 13: Minimum Wage Standards (  )Chapter 14: Social Security System ( )
The current book volume, Chinese Economy, is a Chinese reading practice book. It would introduce you to numerous important features of the world's second largest economy, including China's economic reforms, data, GDP, currency exchange rate policy, national minimum wage, Chinese dream, exports, imports, etc.). The 1st volume in the Introduction to Chinese Economy Series ('…") includes both the Chinese text (simplified characters) and pinyin Romanization. With about over 1200 unique Chinese characters, the volume would be suitable for the beginners, lower intermediate and advanced level Chinese language learners (HSK 1-6). Overall, the reading series offers you a variety of elementary level books (Level 1/2/3/4/5/6) to understand China as well as practice Chinese reading fast.