中国 | china | 중국 经济 | economics | 경제학

Interesting perspective on China’s economic transition over the past three decades

Reading Time: < 1 minute

I wouldn’t say that I agree with all Minxin Pei‘s presentation content, but it is very interesting to watch because of the economic facts that he marshals and I like the way he puts China’s growth in the context of growth of the US in the late 19th century.

Key numbers | facts

  • Chinese economy now worth 5 trillion USD
  • China is now third largest trading partner and world’s largest exporter
  • China has worlds largest foreign currency reserves 2.5 trillion dollars
  • Lenovo is the world’s fourth largest computer manufacturer
  • Huawei is the worlds third largest network infrastructure company
  • Chinese high-speed trains can do 200mph, faster than the Shinkansen trains of Japan
  • Obesity is starting to become a problem in China
  • Every day about 1 million Chinese move from the rural parts of the country into the cities | urban centres
  • China consumes 50 per cent of the oil that the US does
  • China building 2-3 nuclear power stations per year