Economy of People 's Republic of China
Shanghaiviewpic1.jpg
Pudong in Shanghai
Rank 2nd (nominal) / 2nd (PPP)
Currency Renminbi (RMB); Unit: Yuan (CNY)
Fixed exchange rates USD = 6.312486 RMB
(average in 2012)
Fiscal year Calendar year 01 January to 31 December
Trade organisations WTO, APEC, G-20 and others
Statistics
GDP
$8.25 trillion (nominal: 2nd; 2012)[1]
$12.38 trillion (PPP: 2nd; 2012)[1]
GDP growth 7.8% (2012)[2]
GDP per capita
$5,414 (nominal: 90th; 2011)[1]
$8,382 (PPP: 90th; 2011)[1]
GDP by sector agriculture: 9.7%, industry: 46.6%, services: 43.7%% (2012 est.) CIA - The World Factbook
Inflation (CPI) 2.5% (December 2012)[3]
Population
below poverty line less than $1.25 / 13.1% (2008) less than $2 / 29.8% (2008)[4]
Gini coefficient 0.48
Labour force 795.5 million (1st; 2010)
Labour force by occupation agriculture: 36.7%, industry: 28.7%, services: 34.6% (2008 est.)
Unemployment 4.1% (Q4 2012)[5]
Average gross salary $457 monthly (2010)[6]
Main industries World leader in gross value of industrial output; mining and ore processing, iron, steel, aluminum, and other metals, coal; machine building; armaments; textiles and apparel; petroleum; cement; chemicals; fertilizers; consumer products, including footwear, toys, and electronics; food processing; transportation equipment, including automobiles, rail cars and locomotives, ships, and aircraft; telecommunications equipment, commercial space launch vehicles, satellites
Ease of Doing Business Rank 91st[7]
External
Exports $1.904 trillion (2011 est.)
Export goods Electrical and other machinery, including data processing equipment, apparel, textiles, iron and steel, optical and medical equipment
Main export partners US 17.1%, Hong Kong 14.1%, Japan 7.8%, South Korea 4.4%, Germany 4% (2011)
Imports $1.743 trillion (2011 est.)
Import goods Electrical and other machinery,
References: 2000–2010 GDP increase, 1990–1998 and 1990–2006, in major countries