An Overview of China
- Official currency of China is the Yuan Renminbi (Fixed exchange rate)
- it is the eighth most traded currency in the world
- China is ruled by the Peoples Party of China (Communist)
- Capital city - Beijing
- Biggest city - Shanghai
- Population: 1.35 billion (UN, 2012)
- Life expectancy: 72 years (men), 76 years (women) (UN)
- China's workforce is 10x bigger than the UK population
- 90% of the software in China is Pirated
- 48% of new foreign businesses entering China fail within 2 years
- China GDP = $8.2 trillion US = $15.6 trillion UK = $2 trillion
- China GDP per Capita = $6k UK = $39k US = $51k
- China GDP growth rate (1st Quarter 2014) = 7.7% UK = 0.8% US = 2.6%
- $15 trillion of the $30 trillion of world debt is held by China
- China attracted a record $117.6 billion in foreign direct investment (FDI) in 2013
- 80% of artificial Xmas trees are made in China
- China has more pigs than the 43 top pork producers in the world
- Apple make 43% on products produced in China
- Guangdong province in China houses approx 60,000 factories with a total output bigger than the GDP of the Netherland
- One in six of the worlds poor are Chinese (approx 100m people)
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