Socio-Economic Conditions and Economic Health of China

Running head: BUSINESS ECONOMICS
BUSINESS ECONOMICS
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Author’s Note

1BUSINESS ECONOMICS
Executive Summary
The report focuses on the socio- economic conditions and economic health of China. The study
also focuses on the GDP and national income of China. The main components contributing
sectors in GDP are discussed in this study. The macroeconomic indicators of China are explained
in this study. The recommendations for economic growth of this nation are also discussed in this
study.

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Table of Contents
Introduction......................................................................................................................................2
Socio-economic conditions of China...............................................................................................2
Discussing GDP, national income of China....................................................................................4
Main components contributing sectors in GDP...............................................................................5
Discussing macroeconomic indicators of China..............................................................................5
Recommendations............................................................................................................................7
Conclusion.......................................................................................................................................8
References........................................................................................................................................9

3BUSINESS ECONOMICS
Introduction
The report provides an overview on the present socio –economic conditions of China.
Over the past few years, China has experienced huge social and economic development. Huge
socio-economic change in this nation has been accompanied by certain restrictions on the basic
rights. With improved socio- economic The national economic statistics of China such as GDP
(Gross domestic product) and National Income are also discussed in this study. The study also
highlights on the major contributing sectors in GDP of China such as education, agriculture. The
variation of macroeconomic indicators of China including inflation, unemployment over the
period of two years are assessed in this study. Furthermore, the recommendations for economic
growth of China are elucidated in this report.
Socio-economic conditions of China
China has had rapid growth period shifting from centrally planned to the market- based
economy. At present, this country has upper middle–income nation that has highly complex
development needs. The socio-economic development of this country specifically, agricultural
manufacturing base along with increasing industrial strength led to huge market- growth
opportunities. Wu et al. (2013) found out that social and economic development of this country
have also occurred owing to implementation of reforms and new polices. The comprehensive
strength of this nation has become stronger over the past few years. In the past few years, this
country has moved from agricultural to industrialized nation. Without even borrowing any kind
of foreign loans, this nation has successfully undertook projects and developed several industries.
This provided the basis for sustainable development of this economy. Over the past last few
years, the per capital national income of China has attained rapid growth. According to the
income statistics, per- capita income reached to about 4761 Yuan in rural areas while 15,781