China’s climb up the ranks
China overtook Japan as the world’s second-largest economy in 2010, measured in current prices or nominal terms (not accounting for inflation), according to data from the World Bank and the Organisation for Economic Co-operation and Development. It has since remained in that position, second only to the United States.
Chinese leadership
Under the leadership of Deng Xiaoping, one of the most prominent and powerful leaders of the country in the 1970s, China kicked off a series of reforms in 1978 that brought the country out of economic isolation.
Factory of the world
One major driver behind China’s economic rise was its massive network of factories that churned out everything from toys to mobile phones for consumers all over the world.
Investment boom
In addition to its dominance in trade, China has also grown over the years to become a major player in global investment flows. From 2015 to 2017, it was the world’s the second-largest source of outbound foreign direct investment and the second-largest recipient of inbound investment, according to McKinsey.
Here are 4 charts that show China’s rise as a global economic superpower, CNBC, Sep 24
Oil prices rose by over 7% in the past week, reaching above $70 per barrel.…
- EURGBP reversed from support zone - Likely to rise to resistance level 0.8375 EURGBP…
- EURCHF reversed from support zone - Likely to rise to resistance level 0.9360 EURCHF…
The RBNZ's key rate decision, the release of the FOMC meeting minutes, and inflation estimates…
The crypto seems recharged over weekend, and positive traction resumed on Monday. Bitcoin may reach…
- GBPUSD broke support zone - Likely to fall to support level 1.2465 GBPUSD currency…
This website uses cookies