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

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

2 Replies to “Interesting perspective on China’s economic transition over the past three decades”

  1. Every day about 1 million Chinese move from the rural parts of the country into the cities | urban centres – now I couldnt see the video due to some issue with my VPN – but does he offer any backing for this number? Sounds unrealistically high.

  2. He doesn’t cite sources for any of his quotes and there aren’t any slides behind him, just him speaking at a lectern. Sorry I couldn’t be of more help

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