economic miracle - The Economic Miracle Economic Growth...

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Unformatted text preview: The Economic Miracle Economic Growth 2008 30,067 2009 33,535 ($4.9 trillion vs. USA $14.2 trillion) 2010 39,798 ($6.0 trillion vs. USA $14.7 trillion) Economic Growth GDP – total, 2007 Economic Growth 2008 $3,400 2009 $3,793 2010 $4,400 Economic Growth GDP – per capita, 2007 Economic Growth Oil consumption Economic Growth Electricity consumption, 2006 Economic Growth Telephone lines, 2007 Economic Growth Cell phones, 2007 Economic Growth Internet users, 2008 Economic Growth Economic Growth Automobiles sold in 2009 China 13.79 million USA 10.43 million Xiaogang villagers’ compact to divide the collective’s farmland in December 1978 • The Household Responsibility System Agricultural Reform Farmers in Xiaogang village Production teams under the new system 1980 15 % 1981 40 % 1982 80 % 1983 98 % Agricultural Reform • The Household Responsibility System • Grain Output in China Year Kilogram/hectare 1966 1769 1970 2012 1976 2371 1978 2527 1979 2785 1980 2734 1981 2827 1982 3124 1983 3396 1984 3608 1985 3483 1986 3529 1987 3637 1988 3579 1989 3632 Agricultural Reform •...
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economic miracle - The Economic Miracle Economic Growth...

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