China - Fast Facts

By: EconomyWatch   Date: 30 June 2010

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China is a Lower Middle Income economies coming under East Asia and Pacific Region as to the classification made by the World Bank on the basis of Income and region for the year 2006.

China Government in the year 1978 has brought tremendous success for the country's economy.

Both Industrial sector as well as services sector plays major role in the country's economic progress. Major agricultural products of the country are rice, wheat, sorghum, peanuts, tea, barley, cotton, and fish. Important industries are iron and steel, coal, machines, textiles, petroleum, cement, chemicals, footwear, toys, and food processing.The chief mineral reserves of the country are manganese, iron ore, gold, copper, lead, zinc, silver, and tungsten.

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