You are here -allRefer - Reference - Country Study & Country Guide - China >

allRefer Reference and Encyclopedia Resource

allRefer    
allRefer
   


-- Country Study & Guide --     

 

China

 
Country Guide
Afghanistan
Albania
Algeria
Angola
Armenia
Austria
Azerbaijan
Bahrain
Bangladesh
Belarus
Belize
Bhutan
Bolivia
Brazil
Bulgaria
Cambodia
Chad
Chile
China
Colombia
Caribbean Islands
Comoros
Cyprus
Czechoslovakia
Dominican Republic
Ecuador
Egypt
El Salvador
Estonia
Ethiopia
Finland
Georgia
Germany
Germany (East)
Ghana
Guyana
Haiti
Honduras
Hungary
India
Indonesia
Iran
Iraq
Israel
Cote d'Ivoire
Japan
Jordan
Kazakhstan
Kuwait
Kyrgyzstan
Latvia
Laos
Lebanon
Libya
Lithuania
Macau
Madagascar
Maldives
Mauritania
Mauritius
Mexico
Moldova
Mongolia
Nepal
Nicaragua
Nigeria
North Korea
Oman
Pakistan
Panama
Paraguay
Peru
Philippines
Poland
Portugal
Qatar
Romania
Russia
Saudi Arabia
Seychelles
Singapore
Somalia
South Africa
South Korea
Soviet Union [USSR]
Spain
Sri Lanka
Sudan
Syria
Tajikistan
Thailand
Turkmenistan
Turkey
Uganda
United Arab Emirates
Uruguay
Uzbekistan
Venezuela
Vietnam
Yugoslavia
Zaire

China

ECONOMY

Salient Features:Economic system in transition, cautiously moving away from Soviet-style central planning and gradually adopting market economy mechanisms and reduced government role. Industry, largely based on state and collective ownership, marked by increasing technological advancements and productivity. China's people's communes (see Glossary) eliminated by 1984--after more than twenty-five years--and responsibility system (see Glossary) of production introduced in agricultural sector. Private ownership of production assets legal, although major nonagricultural and industrial facilities still state owned and centrally planned. Restraints on foreign trade relaxed and joint ventures encouraged.

Industry: In 1985 employed about 17 percent of labor force but produced more than 46 percent of gross national product (GNP). Fastest growing sector; average annual growth of 11 percent from 1952 to 1985. Wide range of technological levels; many small handicraft units; many enterprises using machinery installed or designed in 1950s and 1960s; significant number of big, up-to-date plants, including textile mills, steel mills, chemical fertilizer plants, and petrochemical facilities but also burgeoning light industries producing consumer goods. Produced most kinds of products made by industrialized nations but limited quantities of high-technology items. Technology transfer by importing whole plants, equipment, and designs an important means of progress. Major industrial centers in Liaoning Province, Beijing-Tianjin- Tangshan area, Shanghai, and Wuhan. Mineral resources included huge reserves of iron ore; adequate to abundant supplies of nearly all other industrial minerals. Outdated mining and ore processing technologies gradually being replaced with modern techniques.

Agriculture: In 1985 employed about 63 percent of labor force; proportion of GNP about 33 percent. Low worker productivity because of scanty supplies of agricultural machinery and other modern inputs. Most agricultural processes still performed by hand. Very small arable land area (just above 10 percent of total area, as compared with 22 percent in United States) in relation to size of country and population. Intensive use of land; all fields produce at least one crop a year; wherever conditions permit, two or even three crops grown annually, especially in south. Grain most important product, including rice, wheat, corn, sorghum, barley, and millet. Other important crops include cotton, jute, oilseeds, sugarcane, and sugar beets. Eggs a major product. Pork production has increased steadily; poultry and pigs raised on family plots. Other livestock relatively limited in numbers, except for sheep and goats, grazed in large herds on grasslands of Nei Monggol Autonomous Region (Inner Mongolia) and northwest. Substantial marine and freshwater fishery. Timber resources mainly located in northeast and southwest; much of country deforested centuries ago. Wide variety of fruits and vegetables grown.

Energy Sources:Self-sufficient in all energy forms; coal and petroleum exported since early 1970s. Coal reserves among world's largest; mining technology inadequately developed but improving in late 1980s. Petroleum reserves very large but of varying quality and in disparate locations. Suspected oil deposits in northwest and offshore tracts believed to be among world's largest; exploration and extraction limited by scarcity of equipment and trained personnel; twenty-seven contracts for joint offshore exploration and production by Japanese and Western oil companies signed by 1982, but by late 1980s only handful of wells producing. Substantial natural gas reserves in north, northwest, and offshore. Hydroelectric potential greatest in world, sixth largest in capacity; very large hydroelectric projects under construction, others in planning stage. Thermal power, mostly coal fired, produced approximately 68 percent of generating capacity in 1985; expected to increase to 72 percent by 1990. Emphasis on thermal power in late 1980s seen by policy makers as quick, shortterm solution to energy needs; hydroelectric power seen as longterm solution. Petroleum production growth to continue in order to meet needs of nationwide mechanization and provide important foreign exchange but domestic use to be restricted as much as possible.

Foreign Trade: Small by international standards but growing rapidly in size and importance, represented 20 percent of GNP in 1985. Trade controlled by Ministry of Foreign Economic Relations and Trade and subordinate units and by Bank of China, foreign exchange arm of central bank. Substantial decentralization and increased flexibility in foreign trade operations since late 1970s. Textiles leading export category. Other important exports included petroleum and foodstuffs. Leading imports included machinery, transport equipment, manufactured goods, and chemicals. Japan dominant trading partner, accounting for 28.9 percent of imports and 15.2 percent of exports in 1986. Hong Kong leading market for exports (31.6 percent) but source of only 13 percent of imports. In 1979 United States became China's second largest source of imports and in 1986 was third largest overall trade partner. Western Europe, particularly Federal Republic of Germany, also major trading partner. Tourism encouraged and growing.

Data as of July 1987


China - TABLE OF CONTENTS

  • Table A. Chronology of Chinese Dynasties

  • COUNTRY PROFILE

  • Go Up - Top of Page

    Make allRefer Reference your HomepageAdd allRefer Reference to your FavoritesGo to Top of PagePrint this PageSend this Page to a Friend


    Information Courtesy: The Library of Congress - Country Studies


    Content on this web site is provided for informational purposes only. We accept no responsibility for any loss, injury or inconvenience sustained by any person resulting from information published on this site. We encourage you to verify any critical information with the relevant authorities.

     

     

     
     


    About Us | Contact Us | Terms of Use | Privacy | Links Directory
    Link to allRefer | Add allRefer Search to your site

    allRefer
    All Rights reserved. Site best viewed in 800 x 600 resolution.