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The billionaire population remains heavily male dominated, with just over one female for every nine men. The ratio is only slightly lower among the ultra-wealthy population, said the report. Philanthropy is the leading hobby among billionaires, and other interests include sports, politics and art, the report said. China has second-most billionaires in the world By Zhang Jie chinadaily. The billionaires are increasingly congregating in a cluster of cities — a total of billionaires are living in the top 15 billionaire cities. Punch, play, relax in this Suzhou museum. Smart technology boosts orange farmers' income.

Wuhan Motor Show at a glance. Online host sells products worth over 2m yuan in 24 hours. Store a Russian-style success in N China. Most Viewed in 24 Hours.


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State Council News. Premier meets World Bank chief. Premier presses water conservancy projects. Top Top 10 countries with the most supercomputers. Editor's picks. Pure EVs required for new ride-hailing cars. Alibaba sees strong demand for its HK shares. China Data.

The global recession of interrupted its double figure growth and revealed the limits of an export-based growth strategy. However, China still has one of the fastest growing GDPs in the world, and in the economy grew 6. Resilient external demand and robust domestic household consumption bolstered this growth, despite rising concerns about financial risks amid an economic restructuring led by the Communist government.

New sectors like e-commerce and online financial services are gaining momentum in an economy dominated by export-oriented sectors. The trade tensions between the United States and China, however, are expected to start to affect growth in Therefore, GDP is likely to slightly decrease in and , to 6. By the end of , inflation reached 2.


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  6. For the next couple of years, inflation should remain stable, at 2. Public debt is a reason for concern in China. Although the official figure for was The trade war between China and the United States, as well as policies to curb leverage and shadow banking, had been making it harder for companies to get funding in However, this prompted the authorities to introduce monetary-easing measures, such as freeing up banks to offer more loans to smaller businesses. Government Budget reached a record low of On the other hand, China still has large reserves of foreign currencies estimated at USD 3 trillion which could serve as a buffer to external sovereign volatility, together with a current account surplus of USD billion.

    A new book looks at the China challenge for the United States—and China itself.

    China still has to face many challenges: an ageing population and shrinking workforce, the lack of openness of its political system and issues of competitiveness in an economy dependent on high capital spending and the expansion of credit. A large gap remains between the living standard of the cities and the countryside, between urban zones on the Chinese coast and the interior and western parts of the country, as well as between the urban middle classes and those who have not been able to profit from the growth of recent decades. These inequalities are becoming increasingly worrisome for both Chinese authorities and investors.

    That rate is expected to remain unchanged in and According to the Minister of Human Resources and Social Security Yin Weimin, the low unemployment rate is largely due to the new digital economy and entrepreneurship.

    Silk Roads: the Routes Network of Chang'an-Tianshan Corridor

    Many analysts say, however, that the government figure is an unreliable indicator of national employment levels, as it takes into account only employment in urban areas and does not measure the millions of migrant workers that arrive in the country every year. Finally, around 43 million people continue to live on less than USD 1 per day, which is the poverty line set by the government according to official statistics, five years ago about million people lived below that line.

    China has a highly diversified economy, dominated by the manufacturing and agricultural sectors. China is the most populated country in the world and one of the largest producers and consumers of agricultural products.

    ChinaSource | Reaching Chinese Worldwide

    The agricultural sector is estimated to employ China is the leading global producer of cereals, rice, cotton, potatoes and tea. A series of plans have been aimed at transforming, modernising and diversifying agriculture to increase productivity. Additionally, the country is rich in natural resources, and has significant coal reserves the country's primary energy source , which account for two-thirds of the total primary energy consumption.

    China is the world leader in the production of certain ores tin, iron, gold, phosphates, zinc and titanium and has significant petrol and natural gas reserves, making the country the fifth biggest oil producer in the world, with 3.

    CPhI China - Events & Zones

    The industry sector contributes to approximately China has become one of the most preferred destinations for the outsourcing of global manufacturing units thanks to its cheap labour market, despite an increase in labour costs in recent years. More than half of the Chinese exports are made by companies with foreign capital. The services sector's share in the GDP is approximately Even though the sector's GDP share has been growing in recent years, the service sector as a whole, encumbered by public monopolies and restrictive regulations, has not progressed.

    However, the Chinese government has been focusing more on the services sectors lately, particulary in sub-sectors such as finance, logistics, education, healthcare and it is also aiming to rank among the top exporters for transport, tourism and construction. Find more information about your business sector on our service Market Reports.

    Learn more about Market Analyses about China on Globaltrade. The Economic freedom index measure ten components of economic freedom, grouped into four broad categories or pillars of economic freedom: Rule of Law property rights, freedom from corruption ; Limited Government fiscal freedom, government spending ; Regulatory Efficiency business freedom, labour freedom, monetary freedom ; and Open Markets trade freedom, investment freedom, financial freedom.

    China's mobile-payment users reach 621m in June

    Each of the freedoms within these four broad categories is individually scored on a scale of 0 to It examines ten separate criteria or categories, covering the political environment, the macroeconomic environment, market opportunities, policy towards free enterprise and competition, policy towards foreign investment, foreign trade and exchange controls, taxes, financing, the labour market and infrastructure.

    See the country risk analysis provided by Coface. The president is the head of state and is elected by the National People's Assembly. In general, he is also the general secretary of the Communist Party. He represents China in international institutions.