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Topic: Business
Number of pages / Number of words: 7 / 1858
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After the Cultural Revolution and Communism set in, China’s economic luck started to change. Between the years 1978 and 1998, a mere twenty years, China’s Gross Domestic Product (GDP) has grown an average of eight percent annually. The eight percent annual GDP growth has made China one of the fastest growing economies in the world (Fogel 2006)...


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In 2002, China’s government announced a goal of quadrupling the countries GDP by the year 2020. According China’s current GDP, this goal would require an eight percent growth in GDP every year until 2020 (Fogel 2006). This is a feat a country like the United States could only dream of. According to the World Fact Books, China’s GDP in the year 2005 was $ 8,182,000,000,000, giving China the third largest GDP in the world...


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