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10 China Facts You May Not Have Known 2/2/2011

China Facts Skyline and Flag
1.       China is the second largest economy in the world.

2.       China is the largest exporter in the world.

3.       China is the second largest importer in the world.

4.       China currently accounts for nearly 10% of world trade.

5.       The United States’ 2010 estimated GDP is $14.7 trillion.

6.       China’s 2010 estimated GDP is $9.8 trillion.

7.       The Chinese government indicated in January that its companies signed contracts worth $45 Billion with American businesses. This increase in United States export business is expected to support an estimated 235,000 U.S. jobs. (The Boeing Airplane order for 200 planes is the largest portion of this deal, valued at $19 Billion.)

8.       Before this year, the last time that an American President hosted China’s president for a dinner was 13 years ago during the Clinton administration.

9.       In 2009, China’s economy was one third the size of the United States’ economy.

10.   China’s population is approximately 4 times the size of America’s population.

*Note: Ok, so number seven is only about America, but I wanted to show the comparison. The facts listed above are to the best of my knowledge the most accurate as of today. There is no guarantee they will stay true in the future.

Sources:
1. http://www.nytimes.com/2010/08/16/business/global/16yuan.html
2. http://www.cbc.ca/world/story/2010/01/10/china-exports.html
3. http://www.chinadaily.com.cn/business/2011-01/29/content_11937210.htm
4. http://www.china.org.cn/business/2010-11/19/content_21378120.htm
5. https://www.cia.gov/library/publications/the-world-factbook/geos/us.html
6. https://www.cia.gov/library/publications/the-world-factbook/geos/ch.html
7. http://www.whitehouse.gov/the-press-office/2011/01/19/fact-sheet-us-china-commercial-relations
8. http://news.yahoo.com/s/ap/20110118/ap_on_re_us/us_us_china_state_dinner
9. http://www.state.gov/r/pa/ei/bgn/18902.htm
10. https://www.cia.gov/library/publications/the-world-factbook/geos/ch.html

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Test Your China/US Knowledge 1/31/2011

China Knowledge QuizThis week’s Time Magazine had an interesting short quiz testing readers’ knowledge of China, as well as the United States. Do you know all the answers?

1. When did China become the second largest economy?
a. 2010
b. 2009
c. 2008
d. it hasn’t yet

2. Since 1999, the proportion of researchers (out of all employed persons) int he U.S. has risen 8%. How much has the proportion of researchers in China increased?
a. 11%
b. 50%
c. 102%
d. 111%

3. In 1994, china’s secondary-school enrollment rate was 48%. What is it now?
a. 65%
b. 96%
c. 51%
d. 76%

4. The average trade balance as a percentage of GDP in the U.S. is 6%. What is it in China?
a. -5%
b. even
c. 7%
d. 14%

5. In 1995, China was 14th in the world in thh publication of science and engineering papers. Where does it rank now?
a. 1st
b. 2nd
c. 3rd
d. 4th

6. In what year is China projected to overtake the U.S. in number of patent applications?
a. 2011
b. 2015
c. 2020
d. 2025

How did you fare? Here are the answers:

1. A; 2. D; 3.D; 4.C 5. B; 6. A

Source Time Magazine: January 31, 2011 Issue

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