Chinese Trade Flashcards
(24 cards)
When did China begin its major economic reforms after Mao?
Economic reforms began in 1978 under Deng Xiaoping
What was China’s GDP in 1978 before reforms?
149.5 billion USD
What was China’s GDP in 2024?
Over 17.5 trillion USD
What is the average annual GDP growth rate in China since 1978?
Approximately 9.5% per year
How many people have been lifted out of poverty in China since 1978?
Over 800 million people
What percentage of China’s population lived in urban areas in 1978?
Approximately 18%
What percentage of China’s population lived in urban areas in 2024?
Over 65%
What was China’s share of global exports in 1980?
Less than 1%
What was China’s share of global exports in 2024?
Over 14%
How many free trade agreements has China signed as of 2024?
China has signed 22 free trade agreements with 29 countries or regions
What percentage of China’s total trade is with its FTA partners?
Approximately 33% of China’s total trade is with FTA partners
What was the growth rate of China’s exports by 2024?
Exports grew by 6.7% year-on-year
What was the growth rate of China’s imports by 2024?
Imports grew by 3.2% year-on-year
What was China’s trade surplus by 2024?
5.58 trillion RMB or approximately 770 billion USD
What was the growth rate of China’s processing trade in the first 10 months of 2024?
Processing trade grew by 4.0% year-on-year
What was the growth rate of China’s trade through bonded logistics in the first 10 months of 2024?
Bonded logistics trade grew by 14.0% year-on-year
What was the growth rate of China’s trade with ASEAN in the first 10 months of 2024?
Trade with ASEAN grew by 8.8% year-on-year
What was the growth rate of China’s trade with Belt and Road countries in the first 10 months of 2024?
Trade with Belt and Road countries grew by 6.2% year-on-year
What percentage of China’s total trade was conducted by private enterprises in the first 10 months of 2024?
Private enterprises accounted for 55.1% of total trade
What was the growth rate of trade conducted by private enterprises in the first 10 months of 2024?
Trade by private enterprises grew by 9.3% year-on-year
What was the growth rate of China’s electromechanical product exports in the first 10 months of 2024?
Electromechanical product exports grew by 8.5% year-on-year
What percentage of China’s total exports were electromechanical products in the first 10 months of 2024?
Electromechanical products accounted for 59.4% of total exports
What was China’s GDP growth rate in 2024?
China’s GDP grew by 5.0% in 2024
What was the total value of China’s foreign trade in 2024?
43.85 trillion RMB or approximately 5.98 trillion USD
