Chinese Market: Money

Learn about the Chinese Market with iMinds Money's insightful fast knowledge series. China's market offers unprecedented opportunities. It contains a population of over 1.3 billion in the world's second largest and strongest growing economy. Through trade liberalisation and the deregulation of its economy China has utilised its low cost labour advantage to dominate world trade in simple manufactured goods. With an average growth of 7-8% over the last decade China has been able to restructure its economy towards higher value added manufactured products. This has resulted in rapid increases in per-capita incomes. These increases may be illustrated by the increased share of electrical machinery telecom office machines and metals in China's export mix at the expense of apparel textiles footwear and toys. While initially driven by export growth the increase in per-capita incomes has resulted in China's domestic market becoming the major growth contributor for the first time in 2008. With currently almost 80% of urban households considered poor this rising income is estimated to bring 300 million households into the middle class by 2025. Already considered "the world's factory" this rapidly emerging domestic market is expected to become the driver of world consumption. In order to supply its strong export sector and meet the demands of its domestic economy China is becoming the key marketplace in the world economy.Currently China's global trade exceeds US2.1 trillion each year importing US922 billion and exporting US1.19 trillion. The strength of its export sector particularly in manufacturing which accounts for 80% of exports is illustrated by the US268 billion dollar surplus it holds with the US. iMinds will hone your financial knowledge with its insightful series looking at topics related to Money Investment and Finance.. whether an amateur or specialist in the field iMinds targeted fast knowledge series will whet your mental appetite and broaden your mind.iMinds unique fast-learning modules as seen in the Financial Times Wired Vogue Robb Report Sky News LA Times Mashable and many others.. the future of general knowledge acquisition.