Global Economic Report - China

Some interesting Economic report OF China

• Economic growth near 9%
• Total 2009 exports  more than $1.2 trillion (3rd after Us, and Japan)
• Iron ore imports rose 41.6 percent to 630 million tons
• Oil imports rose 13.9 percent to 1.4 billion barrels
• Housing prices rose 5.7 percent year-on-year in November to a 16-month high and new construction rocketed almost 200 percent.
• China's trade surplus shrank by 34.2 percent in 2009 to $196.07 billion
• The world's biggest foreign currency reserves at more than $2 trillion.
• China is rushing to build up stockpiles at bargain prices since crude oil and other commodity prices plunged in 2008. That motive, more than a revival in actual industrial demand, has driven its recent import boom of oil, copper and other metals.
• with 1.3 billion people, China is still one of the world's poorest countries. It ranked 130th among economies in per capita income in 2008, according to the World Bank.