Chinese Economy

After the founding of the People’s Republic of China, through large-scale reforms in a planned manner, China has become one of the world’s largest economic powers with a huge development potential, and its people’s lives have generally reached a well-off level. From 1953 to 2016, China has successively completed twelve Five Year Plans (五年规划) and achieved double digit growth rate, laying a solid foundation for the development of the national economy. Before 1978, the Chinese economy had a weak agricultural foundation and an imbalance in the proportion of light and heavy industries. The economic reforms and opening up in 1978 have enabled the Chinese economy to gain faster growth than ever before. After entering the 21st century, China’s economy continues to maintain steady and rapid growth.  According to China’s National Bureau of Statistics (国家统计局), China’s GDP in 2018 was about 919 billion yuan. Moreover, according to preliminary calculations, China’s GDP in 2019 was nearly 998 trillion yuan, calculated at comparable prices, an increase of 6% over the previous year, and in line with the expected target of 6% to 6.5%. Further, in 2019, China’s total combined value of import and export was about US $4,575 billion. Of the total amount, export amounted to US$2498 billion, with an increase of 0.5%; import amounted to nearly US$2076 billion, with a decrease of 2.8%; trade surplus was US$421 billion, with an increase of 20%. The book has 17 chapters, including the following:Chapter 1: China’s Economic Reform (第一章：中国的经济改革)Chapter 2: Economic Data (第二章：经济数据)Chapter 3: GDP (第三章：国内生产总值)Chapter 4: National Bureau of Statistics of the People’s Republic of China (第四章：中华人民共和国国家统计局)Chapter 5: China’s Economic Policy (第五章：中国的经济政策     )Chapter 6: China’s Foreign Trade (第六章：中国的对外贸易)Chapter 7: World’s Manufacturing Center (第七章：世界制造业中心)Chapter 8: China’s Exports (第八章：中国的出口)Chapter 9: China’s Import (第九章：中国进口)Chapter 10: The Global Financial Crisis (第十章：全球金融危机)Chapter 11: Monetary Exchange Rate Policy (第十一章：货币汇率政策)Chapter 12: Five-Year Plans (第十二章：五年规划)Chapter 13: Minimum Wage Standards (第十三章：最低工资标准)Chapter 14: Social Security System (第十四章：社会保障制度)The current book volume, Chinese Economy, is a Chinese reading practice book. It would introduce you to numerous important features of the world’s second largest economy, including China’s economic reforms, data, GDP, currency exchange rate policy, national minimum wage, Chinese dream, exports, imports, etc.). The 1st volume in the Introduction to Chinese Economy Series (中国经济百科全知道) includes both the Chinese text (simplified characters) and pinyin Romanization. With about over 1200 unique Chinese characters, the volume would be suitable for the beginners, lower intermediate and advanced level Chinese language learners (HSK 1-6). Overall, the reading series offers you a variety of elementary level books (Level 1/2/3/4/5/6) to understand China as well as practice Chinese reading fast.