“China is the second largest economic entity now”, China Central Bank says.

“China is the second largest economic entity now”, China Central Bank says.
Aug 1, 2010 01:23
guestAndrei	According to the Deputy Managing Director of People’s Bank of China, China has eclipsed Japan and is the world’s second largest economic entity now. Although Japan hasn’t published its second quarter GDP growth data, a lot of people believe that China has become the second largest economy in the world. However, China’s per-capita GDP is only 3800 dollars a year, which is still quite low compared with the US and Japan. Some foreign media also remind that China should attach great importance to the environment protection while developing the economy. This summer, several serious environmental and industrial security accidents have occurred.

Aug 1, 2010 01:23

guestAndrei

According to the Deputy Managing Director of People’s Bank of China, China has eclipsed Japan and is the world’s second largest economic entity now. Although Japan hasn’t published its second quarter GDP growth data, a lot of people believe that China has become the second largest economy in the world.

However, China’s per-capita GDP is only 3800 dollars a year, which is still quite low compared with the US and Japan.

Some foreign media also remind that China should attach great importance to the environment protection while developing the economy. This summer, several serious environmental and industrial security accidents have occurred.

Aug 2, 2010 01:29	#1
ONMYWAY Points: Join Date: Jul 21, 2010 Status: Offline	First, congratulations to China for its fast development. Second, please don't be overhappy. 3800 dollars a year is not enough. 3800 dollars is 25735 yuan. The average per month is 2144 yuan. There are still lot of people who can not earn 2144 yuan per month. How to improve per-capita GDP is the most important.

Aug 18, 2010 01:18	#2
GUEST4682	Onmyway, If we use per-capita GDP as standard, China just ranks 105 in the world. The poverty level in China is 1300 yuan. Do you know how many peopl still live below the poverty level? 40 million according to the Ministry of Commerce. I think that the data may not be accurate.

Aug 30, 2010 08:29	#3
DALLYHAPPY Points: Join Date: Aug 9, 2010 Status: Offline	I don't think Chinese could be so optimistic about the figures. Many problems still remain, such as the unfavorable situation of the environment, housing, education, etc..

Sep 2, 2010 21:03	#4
GUEST18269	what are the 4 economic countries behind china

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