economy

​ CHINESE ECONOMY By JOE PYNE media type="custom" key="6339241" ​On this page you will find some information and a widget to watch a music video about Chinese economy. I hope you learn alot about the Chinese economy and what there main exports are. Some information on China's economy is listed below. I hope you enjoy!

Type of Economy- market economy GDP PER CAPITA-$6,600 **
 * __ ECONOMY FACTS AND INFORMATION __

GDP Official Exchange Rate- 4.814 trillion

Labor Force- 812.7 million

Unemployment Rate- 4.3%

Investment- 42.6% of GDP

Budget- 973.2 billion

Agricultural Products- rice, wheat, potatoes, corn, peanuts, tea, millet, barley, apples, cotton, oilseed; pork; fish

Industries- mining and ore processing, iron, steel, aluminum, and other metals, coal; machine building; armaments; textiles and apparel; petroleum; cement; chemicals; fertilizers; consumer products, including footwear, toys, and electronics; food processing; transportation equipment, including automobiles, rail cars and locomotives, ships, and aircraft; telecommunications equipment, commercial space launch vehicles, satellites

Electricity Production- 3.451 trillion kWh

**__Interdependence Questions__** -What happens when there are gaps in technology between nations?* When there are gaps in technology between nations there are differences in the products created and the money that they earn from those products for example China makes most electronic simply becuase there technology is better.

-How does economic decision making become more global as the world becomes more interdependent?* As the world becomes more interdependent then your economy has to be stable and strong so that you can import and export goods to other countries. Basically all countried that trade with each other rely on each other in order for there economy to prosper. But however, some governments may not be suitable as the world develpos into a more interdependent world.


 * Why is China the top producer in electronics? Answer 1- China produces more electronics than any other country because they are very smart people and there technology is more advanced than anybody elses. Answer 2- China produces more electronics than any other country simply because they have cheaper labor. They pay more people less money to do m ore work than the other countries.