By Jing Luo
Get an insightful, professional examine the internal workings of China's company global, highlighting the country's makes an attempt to strengthen the clinical and technological base for a greener fiscal model.
• Charts and tables give you the newest information on China's economic system from numerous authoritative sources
• presents a listing of on-line assets for additional exploration of China and its economy
Read or Download Business and Technology in China (Understanding China Today) PDF
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Dollars. S. 3 percent over the previous year. 11 The economy was hit hard. One way to look at the growth of China’s foreign trade is to compare changes with respect to dependency ratios. 1 percent. 4 percent. In other words, during a period of 11 years, China’s foreign trade sector has almost doubled, and the export sector alone has grown to be close to the level of import and export combined in 1997. Wider exposure to foreign trade means more money made, but it also means that China is becoming more vulnerable to 12 Business and Technology in China global economic crisis, and that has become the reality.
7 square yards according to NBS. 20 Business and Technology in China The increase of home space is among one of the changes that has a profound psychological impact. It reversed the humbling situation under the public housing era in which three generations sharing a small apartment was not uncommon. The change has given people a sense of pride and dignity, and a feel for modern life. Strong evidence is in the booming new home decoration and repair business in which foreign companies like Home Depot are catching up with other industrial leaders that arrived earlier.
Expenditures on entertainment contribute to the quality-of-life picture as well. 27 These numbers are expected to improve in the next phase of economic reforms. The following are a few more aspects reflecting China’s living standard. Housing Space Changes in family housing space represent a great leap forward. Housing reform, which will be further discussed later, has made it possible for every family to own a home. According to NBS data, at the time when housing reform started in 1986, the per capita floor space was approximately 14 square yards in cities, and 17 square yards in rural areas.