Highlights from the Asian Development Outlook 2012:
Domestic demand rather than exports was the driving force behind 2011’s strong performance, with high investment and consumption. The outlook for 2012 and 2013, despite uncertain global prospects, is for only moderately slower growth. The economy is gradually diversifying, with imports rising rapidly and the trade surplus now much less as a percentage of economic output. Currency appreciation, rising wage rates, increasing income disparities, and environmental concerns underscore the need for modifying the country’s growth model. With a strong ﬁscal position and declining inﬂation, the government is well positioned to implement the 12th Five-Year Plan, designed to further transform the economy. Read more.
More economic and social indicators for the People's Republic of China from the World Bank's World Development Indicators online.
The United Nations Development Programme's Human Development Report program has prepared a series of reports on the People's Republic of China.
Partner Institutions and the People's Republic of China