[经济学]1 General Description of the Course 1997-2003.pptVIP

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[经济学]1 General Description of the Course 1997-2003.ppt

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[经济学]1 General Description of the Course 1997-2003

Even so, this newest development, however, must be of great significance as a milestone since in 1970 China’s economic aggregate was just about 13.2% of Japan. At the very beginning of China’s reform and opening up in 1980 China’s GDP was just USD 201.7 billion while Japan produced USD 1059.3 billion worth of goods and services. China accounted for only 19% of Japan. Chinas GDP (Billion RMB) Chinas GDP (Billion USD) Source: National Bureau of Statistics of China Source: National Bureau of Statistics of China Growth Rate of China’s GDP Per Capita GDP (1979-2010) Source: National Bureau of Statistics of China Year Final Consumption Expenditure Gross Capital Formation Net Exports of Goods and Services Contribution Share Contribution Contribution Share Contribution Contribution Share Contribution (%) (percentage points) (%) (percentage points) (%) (percentage points) 2005 38.2 4.0 37.7 3.9 24.1 2.5 2006 38.7 4.5 42.0 4.9 19.3 2.2 2007 40.6 5.3 39.7 5.1 19.7 2.6 2008 45.7 4.1 45.1 4.1 9.2 0.8 2009 52.5 4.6 92.3 8.0 -44.8 -3.9 Source: National Bureau of Statistics of China Contribution Share and Contribution of the Three Components of GDP to the Growth of GDP (Data in value terms in this table are calculated at constant prices) Rapid development of trade business calls a scientific theory! On the whole, China, as a newly thrived economy, has greatly benefited from a rapid development of international trade in its economic growth in the past 32 years. Overseas trade has become an important engine to push China’s economic growth in past. It will certainly do so in the future, particularly in the years of economic globalization. Frankly speaking, on the other hand, China has met with a grim challenge and a lot of development-bottlenecks which must be effectively broken in further developing its foreign trade in a healthy mode with the essence of self-sustainability, especially when the world economic environment tends to be tight in the global economic recession since