China's Influence on World Trade - Economic trends

China's Influence on World Trade - Economic trends - Member...

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Member of major trade organizations - besides its status as a nuclear nation, China is a member of the U.N. Security Council, the World Trade Organization, the Group of 77 developing nations, and the Asia Pacific Economic Cooperation group. It also holds observer status in the Organization of American States. China’s total trade in 2005 surpassed $1.4 trillion, making China the world’s third-largest trading nation after the U.S. and Germany. GDP of $1.8 trillion growing at 10% per year - thia growth has lifted hundreds of millions out of poverty and transformed what was mainly an agricultural society into one of the world's most dynamic, industrial markets. (chart 1) Now a “market oriented” economy – but still not a true market economy because of the centralized government control Volume of trade with world: 1980’s to early 1990’s – modest growth mid 1990’s – rapid growth since 2000 – very dramatic – imports and exports roughly doubling
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This note was uploaded on 01/31/2012 for the course SCHOOL OF 0000 taught by Professor Na during the Spring '08 term at Sheridan College.

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China's Influence on World Trade - Economic trends - Member...

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