6.+Economy

China's economy is huge and expanding rapidly. In the last 30 years the rate of Chinese economic growth has been incredicle, averaging 8% growth in Gross Domestic Product (GDP) per annum. The economy has grown more than 10 times during that period, with Chinese GDP reaching 3.42 trillion US dollars by 2007. In Purchasing Power Parity GDP, China already has the biggest economy after the United States. Most analysts project China to become the largest economy in the world this century using all measures of GDP.
 * Stability of Chinese Economy in the Past: **

**GDP and GNP of China:** __GDP__

GDP: US $4.32 trillion (nominal; 2008) $7.8 trillion (Purchasing Power Parity)

GDP Growth: 9.1% (2008)

GDP per capita: $3,180 (nominal; 2008) $6,100 (PPP)

__GNP__

GNP per capita: $5,364 GNP growth: 34.7%

**China's Economy is Based on:**
 * 1) Industry (48.6%)
 * 2) Agriculture (11.3%)
 * 3) Services (40.1%)

**China's Main Imports and Exports:** __Imports__
 * Electrical machinery
 * Petroleum & related products
 * Professional & scientific instruments
 * Metalliferous ores and scrap
 * Office machines & data processing equipment

__Exports__
 * Office machines & data processing equipment
 * <span style="font-family: 'Comic Sans MS',cursive; font-size: 12pt;">Telecommunications equipment
 * <span style="font-family: 'Comic Sans MS',cursive; font-size: 12pt;">Electrical machinery
 * <span style="font-family: 'Comic Sans MS',cursive; font-size: 12pt;">Apparel & clothing
 * <span style="font-family: 'Comic Sans MS',cursive; font-size: 12pt;">Miscellaneous manufactures

<span style="font-family: 'Comic Sans MS',cursive; font-size: 12pt;">


 * <span style="font-family: 'Comic Sans MS',cursive; font-size: 12pt;">Main Trading Partners: **
 * <span style="font-family: 'Comic Sans MS',cursive; font-size: 12pt;">EU
 * <span style="font-family: 'Comic Sans MS',cursive; font-size: 12pt;">US
 * <span style="font-family: 'Comic Sans MS',cursive; font-size: 12pt;">Hong Kong
 * <span style="font-family: 'Comic Sans MS',cursive; font-size: 12pt;">Japan
 * <span style="font-family: 'Comic Sans MS',cursive; font-size: 12pt;">South Korea
 * <span style="font-family: 'Comic Sans MS',cursive; font-size: 12pt;">Taiwan