BRAINFOOD: Us and them - China

BRAINFOOD: Us and them - China - The world's most populous nation (1.3 billion) claims the second-highest growing economy, due to overtake the UK by 2005. China has a GDP of dollars 1,080 billion and an annual growth rate averaging 9.6%. The Chinese Communist party proposes replacing its 'go-for-growth' policy with a more sustainable model that promotes private enterprise. Expanding industries include automotives and electronics. China joined the World Trade Organisation in 2001.

The world's most populous nation (1.3 billion) claims the second-highest growing economy, due to overtake the UK by 2005. China has a GDP of dollars 1,080 billion and an annual growth rate averaging 9.6%. The Chinese Communist party proposes replacing its 'go-for-growth' policy with a more sustainable model that promotes private enterprise. Expanding industries include automotives and electronics. China joined the World Trade Organisation in 2001.

ORIGINS OF GDP

There has also been a significant decrease in the relative cost of living in Chinese cities during 2003, owing in part to the increased availability of Western imports. Consumer price inflation is 0.7%, yet there are only 44.6 colour TVs per 100 households and 1.9 computers per 100 people. Average monthly wages range from dollars 60-dollars 121 for a migrant worker and dollars 180-dollars 240 for a skilled state worker, to dollars 1,457 for a graduate professional.

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