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Business
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| Number of pages / Number of words: |
14 / 3903 |
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In addition, China's GDP was $2.2 trillion in 2005, placing it at fourth position in the world (Kwan 2006). In 2005, per capita GDP in China stood at $1,703 ranking china at number 81st among the 177 nations according to "Human Development Index (HDI)" (Table 1), which combines per capita GDP (in Purchasing Power Parity terms) with other factors such as life expectancy and education levels...
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In addition, China has witnessed a remarkable economic growth since 1979 which stands at an average of 9.7 per cent (Figure 1).
Researches show that Chinese consumer's purchasing power has risen to $5500, which has historically been the level of car consumption in other markets (Chen 2005, 182). Guang and Wei (2003) stated that "China's rapid economic growth provides a stable market and plenty of scope for rapid growth of China's automobile industry"...
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General points of the essay
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