China – International Trade.ppt

China – International Trade Matt Miller March 1st, 2005 Outline: History/Background Current Demographics Labor Market Economics International Trade Background History Timeline: 1949 – People’s Republic of China (PRC) founded 1953-57 The Transition to Socialism 1958-60 The Great Leap Forward 1966-76 The Cultural Revolution Decade 1966-68 The Militant Phase 1969-71 The 9th National Congress Party to the Demise of Lin Biao 1972-76 End of the Era of Mao Zedong 1976-78 The Post-Mao Period 1979-82 Four Modernizations of China 1980-88 Reforms 2001 – Admission to the WTO Capital: Beijing Largest City: Shanghai Demographics: 4th Largest Country in the World Highest Population ≈ 1.3 Billion people Speculation that figures underestimate true total population Geographic area slightly smaller than U.S. Age Structure 0-14 years = 22.3% of population 15-64 years = 70.3% of population 65 years and over = 7.5% of population Median Age = 31.8 years Population Growth Rate = 0.57% (2004 est.) Birth Rate = 12.98 births/1,000 population Death Rate = 6.92 deaths/1,000 population Demographics: Sex Ratio At birth = 1.12 males/females Total Population = 1.06 males/females Infant Mortality Rate = 25.28 deaths per 1,000 live births Life Expectancy at birth = 71.96 years Literacy Rates = 90.9% over 15 years of age can read and write Multi-ethnic nation - 56 recognized ethnicities Han Chinese = 93% of total population Several different Chinese dialects Labor Market Labor Force ≈ 778.1 Million (2003) Labor Force by Occupation: Agriculture = 50% Services = 28% Industry = 22% Unemployment Rate 2003 = 10.1% (CIA.gov) World Factbook 2003 = 4.4% (Official NBS figures) NBS figures do not include underemployment or the migrant population Major Industries Iron Steel, Coal, Machine Building, Textiles Apparel, Petroleum, Cement, Footwear, Toys, Food Processing, Automobiles, Consumer Electronics, Telecommunications, etc. Economy GDP - $1.409 Trillion USD (2003) 6th GDP (PPP) - $6.449 Trillion USD