Chinese Business Demography And Social Indicators
DEMOGRAPHY AND SOCIAL INDICATORS
Category: Markets
China Gas
As the Chinese government seeks to reduce pollution while increasing energy production, the China gas industry is gaining increasing importance. Gas production reached 76.1 billion cubic metres (bcm) in 2008, and with an increasing number of gas reserves in the nation that figure will only grow.
Key China Gas Reserves
Chinese Onshore Gas Reserves: Songliao basin, Sichuan basin, Junggar basin, Tarim basin and Ordos basin.
China Jobs, Chinese Jobs
The jobs market in China has been surging since 1978, when the communist regime opened its doors to foreign investment. The continuous arrival of foreign capital boosted the Chinese economy, making it the fastest growing economy in the world. As China embraced globalization, new industries were established and production hubs were created. Gradually, the country became a key contributor to the global economy, which opened the floodgates of employment opportunities.
China Employment
According to the National Bureau of Statistics, China’s employment stood at 774.80 million persons at the end of 2008. Around 306.54 million were employed in the primary industry, accounting for 39.6% of the workforce. The secondary industry employed 211.09 million individuals, representing 27.2% of the total employed population. The employment figure for the tertiary industry was 257.17 million, accounting for 33.2% of China’s workforce.
China Income, China National Income
According to an International Monetary Fund analysis, the growth rate of the Chinese economy hit a five-year low in 2008. From an impressive double-digit rate of 12.7% in 2007, China’s economic growth plummeted to 9.6%. The IMF also revealed that China’s per capita income in 2008 was equivalent to $3,180.The Gross Domestic Product (GDP) estimates based on Purchasing Power Party totaled $7.8 trillion. Owing to this, China became the second-largest economy in the world.
India China Economy, Indo-china trade relation
Among the most encouraging recent developments in India China Economy and India-China ties is the rapid increase in bilateral trade. A few years ago, India Inc had a fear of being swamped by Chinese imports. Today, India enjoys a positive balance of trade with China.In 2004, India’s total trade to China crossed US $13.6 billion, with Indian exports to China touching $ 7677.43 million and imports from china at US $ 5926.67 million. But major industry players in India feel there is no need to give the Chinese a free ride into the domestic market so early.
China Population Growth
Think about vast population and China is the first country that comes to mind. It is also the world’s most populous country but has achieved tremendous success in controlling China population growth. In mid 2008, the country’s population stood at 1.3 billion.
China’s population growth and uneven distribution span two periods. From 1949 to 1970, the population growth was dispersed evenly but from 1970 to 1990, the population disparity increased and concentrated in the east of China.
World GDP, GNI and Income Per Capita
According to the recent statistics, the world GDP (comprising 180 economies) has reached at a sum of US $ 46,747 Billions. Top 15 contributors to the world GDP are USA, Japan, Germany, China, UK, France, Italy, Canada, Spain, Brazil, Russia, Korea, India, Mexico and Australia .
Percentage share of USA to the total world GDP is 28.3. While both the emerging economies such as India and China have a share of 1.82 and 5.41 respectively.
