Chinese economy explained. China is the second largest economy in the world. China’s labor market, standard of living, trade balance in goods and services, significance of exports and imports for the Chinese economy, the country’s trading partners, government debt, as well as China’s real GDP growth rate are presented.
GDP = C + I + G + NX (Gross Domestic Product = Consumption + Investment + Government spending + Net Exports)
GNI (Gross National Income) explained
https://odysee.com/@Global_Knowledge_Studios:e/grossnationalincome:9
Sources:
GDP (current US$, 2020):
https://data.worldbank.org/indicator/NY.GDP.MKTP.CD?locations=CN&most_recent_value_desc=truePopulation
https://www.worldometers.info/world-population/china-population/GNI per capita, Atlas method (2020, current US$):
https://data.worldbank.org/indicator/NY.GNP.PCAP.CD?locations=CNUnemployment Rate
In China, Urban Surveyed Unemployment Rate is calculated by a sample survey, which refers to the ratio of urban unemployed population to the sum of the employed population and the unemployed population.
https://tradingeconomics.com/china/unemployment-rateEmployment in agriculture, industry and services
https://data.worldbank.org/indicator/SL.SRV.EMPL.ZS?locations=CNExports, Imports, Trade balance - 2020 data derived from the ITC (International Trade Centre):
https://www.trademap.org/Country_SelProductCountry_TS.aspx?nvpm=1%7c156%7c%7c%7c%7cTOTAL%7c%7c%7c2%7c1%7c1%7c1%7c2%7c1%7c2%7c1%7c1%7c1China’s Top 10 Exports
https://www.worldstopexports.com/chinas-top-10-exports/Exports of goods and services (% of GDP, 2020):
https://data.worldbank.org/indicator/NE.EXP.GNFS.ZS?locations=CNImports of goods and services (% of GDP, 2020):
https://data.worldbank.org/indicator/NE.IMP.GNFS.ZS?locations=CNGovernment Debt-to-GDP Ratio
https://tradingeconomics.com/china/government-debt-to-gdpEconomic Growth
International Monetary Fund - World Economic Outlook, October 2021: Recovery During a Pandemic
https://www.imf.org/en/Publications/WEO/Issues/2021/10/12/world-economic-outlook-october-2021