China - Inchcape
China - Inchcape
China - Inchcape
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Commercial Overview<br />
Fast growing<br />
economy<br />
Strong trade<br />
surplus but aiming<br />
at more domestic<br />
oriented<br />
Consistently<br />
medium low<br />
unemployment<br />
Strong<br />
manufacturing<br />
base<br />
Largest population<br />
base<br />
<strong>China</strong> is the major contributor to the<br />
recovery of world economy. Now the<br />
second largest economy in the world<br />
<strong>China</strong> is stimulating domestic demand<br />
to make the economy more domestic<br />
consumption-oriented instead of<br />
export-driven<br />
Unemployment is at government<br />
acceptable level<br />
Largest manufacturing base in the<br />
world, 20% of world output<br />
<strong>China</strong> is still the world’s largest country<br />
by population<br />
2005-2010 2010-2015<br />
GDP growth (CAGR) 21.1% 11.2%<br />
Population (CAGR) 0.5% 0.5%<br />
Unemployment rate ~4.0% ~4.0%<br />
Inflation ~6.0% ~6.0%<br />
Source: IMF
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