Third largest economy in the world behind Japan and the USA
GDP of $4.91 trillion when measured in the exchange rates
Fastest growing economy in the world
China is the second largest trading nation in the world and the largest exporter and second largest importer of goods
China is ruled by the communist party of china under a single-party system
Unemployment Over the years the unemployment rates in china have decreased from 10.10% in 2004 to 4.3% in the year 2010. These rates still leave many people unemployed, allowing businesses to get many employees at a small wage whilst also reducing the national unemployment rate.
The minimum wage for the average Chinese person is $140.62 per month which works out to around about $1.17 per hour. This is significantly lower than the US, which is $7.25 a hour.
People who earn less than $1.25 per hour in china are considered to be in poverty. Poverty has affected all aspects of China, including the environment, health, education, housing, nutrition, and agriculture. It has disrupted families and communities, and sent millions from the poorer regions to the cities in a desperate search for work.