China’s Economic Development (OCR GCSE Geography B (Geography for Enquiring Minds)): Flashcards
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China's GDP ranking globally
China's GDP ranking globally
Second-largest economy after USA
PPP advantage over GDP
PPP advantage over GDP
Measures actual wealth/what money can buy in each country
Year China overtook USA in PPP
Year China overtook USA in PPP
2014
China's PPP value in 2014
China's PPP value in 2014
$17.6 trillion
China's economic system 1949-1978
China's economic system 1949-1978
Centrally planned economy
Year China transitioned to market-based economy
Year China transitioned to market-based economy
1978
China's classification in 1978
China's classification in 1978
LIDC (Low Income Developing Country)
People lifted from poverty since 1978 reforms
People lifted from poverty since 1978 reforms
More than 500 million
China's avg annual growth rate since 1978
China's avg annual growth rate since 1978
Approximately 10% per year
Major environmental challenge from growth
Major environmental challenge from growth
Severe pollution from industrialisation & coal use