China is second largest economy in the world. Its staggering economic growth is reflected in 10.21 trillion dollar of GDP. A major portion of population is involved into agriculture. China has largest number of bicycles in the world. Industrialization and modernization has led to urbanization. Big cities are crowded. Small cities are transforming into urban areas.
Over the past three decades, per head income of China has soared up by 8% per year drastically reducing poverty in the country. Cotton and silk is important textile of the country. Iron is found in abundance and is main natural resource. The modern industries include electronic goods, machineries, tools and engineering equipments.
Rice, Cotton, sugarcane, coffee, tea, tobacco, Soya beans, maize, opium, oilseeds, mulberry trees, Coal, copper, iron, Zinc, China clay, gold, tungsten, wolfram, tin, manganese, mercury, petroleum, antimony, borax, pigs, donkeys, fish, silk are chief sources for economy. |
