China

Context
China is the world's most populous country and the
world's second-largest economy. China, with a long
history, has emerged as a global economic
superpower, experiencing massive changes in recent
decades, with upgrades in rail and road
infrastructure, and many new technology companies
such as Huawei and Xiaomi. China has consistently
achieved high economic growth rates, but as the economy develops, growth rates have slowed
in recent years due to the COVID-19 pandemic.

Statistics
Key Data Background Information
GDP- $17.73trl Population- 1.41bln
GDP per capita- 12,556.3 Population Growth- 0.1%
Annual GDP growth- 8.1% Currency- Chinese Yuan
Inflation- 2% Corruption Rate- 45 score
Unemployment Rate- 4.9% Poverty- 28.1%
Gov. Debt- 76.9% of GDP Life Expectancy- 78
Investment- 43.88% of GDP Net Migration- -311,380
Gross National Savings- 45.9% CO2 emissions- 7.6MT per capita
HDI Ranking- 79th
Aid- $4bln
Policy Interest rate- 3.65%
External Debt- $1.68trl

Economic Background
Trade and Exports: China is the world's largest exporter, with a strong manufacturing base driven
by industries such as electronics, machinery, textiles, and cars.
Manufacturing: The country is a leading nation in industries such as electronics, cars, textiles, and
machinery. Manufacturing is a significant contributor to China's GDP and employment.
Services: Finance, telecommunications, tourism, and entertainment have all seen rapid growth in
China's service sector in recent years. To rebalance the economy, the Chinese government has
invested in the growth of the service sector.
Agriculture: Although China has a large agricultural sector, its contribution to GDP has decreased
over time. The country produces a variety of fruits, vegetables, and livestock products and is
known for producing goods such as rice and wheat.
Technology: China has made significant advances in innovation and technology, with the goal of
becoming a global leader in areas such as artificial intelligence, robotics, and renewable energy.
Challenges: China aims to improve infrastructure and trade to improve connectivity and economic
ties across Asia, Europe, and Africa. It aims to establish a network of trade routes, ports,
railroads, and other infrastructure projects, but it raises concerns about budget deficits,
geopolitical concerns, and environmental costs.