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Background Information
on China
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World’s most
populous nation, 1.3 billion potential customers
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World’s fourth
largest economy with market oriented economic development
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Measured on a
purchasing power parity (PPP) basis, China in 2007 stood as the
second-largest economy in the world after the US
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Highest
economic growth rate (10%) in the world over last two decades
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Major player in
the global economy
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Annual inflows
of foreign direct investment in 2007 rose to $75 billion
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By the end of
2007, more than 5,000 domestic Chinese enterprises had established
direct investments in 172 countries and regions around the world
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Dramatically
improved living standards and personal choice within the last decade
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Gradual
liberalization of prices, fiscal decentralization, increased autonomy
for state enterprises, the foundation of a diversified banking system,
the development of stock markets, the rapid growth of the non-state
sector, and the opening to foreign trade and investment
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In 2006 Georgia’s
exports totaled over $1 billion, making China Georgia’s third largest
export destination
- From 1979 until today, China
has raised 345,000,000 people from $25 per month income to
internationally recognized middle class income standards. This feat is
unrivaled in human history
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