China has a sound economy and it is ever growing. Though China has a lower per capita income but since the year 1970 china has been lucky enough to experience a consistent and constant growth. The economic liberalization policy has really helped china in getting an increase in the economical graph of the country. The GDP and foreign investments have risen and have added a positive bent to China Economy.
China's economy largely depends upon its agriculture . China is a country having 50% of the population involved in agriculture. The agricultural products of china comprises of rice, tea, potatoes, sorghum, peanuts, barley etc. China is among the largest producer of rice, sorghum, potatoes, barley and tea. Exports of the above mentioned food products and fish and meat, and non-food products like cotton and fibers add to the economy of china in a great way.
The natural mineral resources of the country have also helped china in gaining a sound economic position. The coal deposits and the iron ore deposits are among the most important mineral. The export of these minerals adds to the economy in a major way. Other export items of China are magnesium, zinc, tungsten, salt, gold and uranium.
China's decision of having a Decentralized Economy System in the year 1970 was a wise decision taken. “Special Economic Zones” were established to attract foreign investors which finally have led to the i ndustrial growth in China . The main industries which add to the economy of China in a great way are iron and steel industry, coal industry, electronic products, toys and food processing .
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