The rise of china heh song wang
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The Rise of China Heh-Song Wang. Ⅰ.Introduction Ⅱ.Recent Economic Developments Ⅲ.Balance of Payments Ⅳ.Financial Sector Reform Ⅴ.Development Issues and Challenges VI.D evelopment Program and Economic Outlook.

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The Rise of China Heh-Song Wang

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The Rise of ChinaHeh-Song Wang

Ⅰ.Introduction

Ⅱ.Recent Economic Developments

Ⅲ.Balance of Payments

Ⅳ.Financial Sector Reform

Ⅴ.Development Issues and Challenges

VI.Development Program and Economic Outlook


Ⅱ.Recent Economic Developments 1.Growth Remains Robust 2.Changing Sources of Growth 3.Price Stability

Table 1 Domestic Economy


Ⅲ.Balance of Payments 1.Growing Market for the World 2.Increasing Trade Surplus 3.Strong Capital Inflows 4.World's Largest Foreign Exchange Reserves

Table 2 External Trade


Table 3 Balance of Payments


Ⅳ.Financial Sector Reform 1.Financial Liberalization 2.Banking Reform 3.New Exchange Rate Policy

Table 4 Financial Statistics


Table 5 Key Indicators of economic and Social Development to 2010

Source: Asian Development Bank, Asian Development Outlook, 2006.


Ⅴ.Development Issues and Challenges 1.Unbalanced Growth among Regions 2.Rural- Urban Income Disparity 3.Overcapacity in Certain Industries 4.Inefficient Use of Energy 5.Environmental Pollution

Table 6 GDP and Per Capita GDP of Selected Provinces, 2004


Table 7 Per Capita Income of Urban and Rural Households

Unit: PMB Yuan


VI. Development Program and Economic Outlook 1.Eleventh Five-Year Program 2.Macroeconomic Projections

Table 8 Forecast Summary


Table 9 Actual and Projected GDP in US$ at 2005 PPPs


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