Economic Triumph
¡°The strength of the Chinese economy continues to exceed expectations.¡±
~Forbes.com Since the acquisition of Hong Kong and the creation of the SEZs, some General Economic Indicators have risen that have contributed to the rise of China as a major influence in global economics (USCBC):
Click here for a translated first-hand account of a Zhuhai resident, which has especially prospered. The growth of foreign input, especially in the Hong Kong-Guangzhou region has directly led to an increase in employment rates. Shenzhen itself has gained approximately $23 billion from its industrializing neighbor. (Fishman 89)
~Forbes.com Since the acquisition of Hong Kong and the creation of the SEZs, some General Economic Indicators have risen that have contributed to the rise of China as a major influence in global economics (USCBC):
- GDP (Gross Domestic Product), a general indicator of the economic status of a country has increased by over ten billion RMB between 1997 and 2005
- Foreign Exchange Reserves (FER) are up 700 US billion dollars, an indication of the great increase in international trade, as well as the increasing influence of the Chinese market
- Urban and rural per capita income
- Foreign Direct Investment (FDI) indicates that China is opening up to foreign enterprises, increasing its economic influence and opportunities
Click here for a translated first-hand account of a Zhuhai resident, which has especially prospered. The growth of foreign input, especially in the Hong Kong-Guangzhou region has directly led to an increase in employment rates. Shenzhen itself has gained approximately $23 billion from its industrializing neighbor. (Fishman 89)
