|Chinese economic miracle: 40-year rise in numbers|
|Author: CSEBA / SEEbiz / AFP|
|18th December 2018|
|BEIJING - Four decades after China's late paramount leader Deng Xiaoping masterminded the "reform and opening up" policy, the Asian giant has become an economic superpower, behind only the United States.|
Here we break down the transformation in numbers.
- 42 - The factor by which the size of China's economy multiplied between 1980 and 2017, expanding from $305 billion to $12.7 trillion.
- 620 - The number of dollar billionaires in China -- the most in the world
- 1 - China's rank as the world's biggest exporter, its economic engine. Goods and services were worth $2.49 trillion in 2017, well ahead of the United States in second place. The value of Chinese exports was just $21 billion in 1980.
- 10.2 - The average percentage growth rate in China's economy between 1980 and 2016.
- 168 - The value, in billions of dollars, of foreign investment into China in 2017, up from virtually nothing in 1980.
- 216 - Chinese investment abroad, in billions of dollars, in 2016.
- 90 - The factor by which Chinese household consumption grew between 1980 and 2016, exploding from $49 billion to $4.4 trillion.
- 13.9 - The percentage of national wealth held by the richest one percent in 2015, up from 6.4 percent in 1980, as China becomes increasingly unequal
- 5 - The factor by which CO2 emissions multiplied between 1980 and 2014, as the country's phenomenal growth comes at a heavy environmental cost.
- 1.39 - The population, in billions, of China in 2017, up from 963 million inhabitants in 1978 and making it the world's most populous country. Beijing imposed the one-child policy in 1979 in a bid to slow population growth, but it was finally abandoned in 2015 due to an ageing population.
- 76 - Average Chinese life expectancy in 2016, up from 66 in 1979.
- 4 - Percentage of the Chinese population who were illiterate in 2010, compared with 22 percent in 1982.
|27th October 2023|
|Former Chinese prime minister Li Keqiang has died, CSEBA expressed its condolences|