The 2008 CIA World Factbook. United States. Central Intelligence Agency
years of age; universal
Executive branch:
chief of state: President HU Jintao (since 15 March 2003); Vice President XI Jinping (since 15 March 2008) head of government: Premier WEN Jiabao (since 16 March 2003); Executive Vice Premier LI Keqiang (17 March 2008), Vice Premier HUI Liangyu (since 17 March 2003), Vice Premier ZHANG Deijiang (since 17 March 2008), and Vice Premier WANG Qishan (since 17 March 2008) cabinet: State Council appointed by National People's Congress (NPC) elections: president and vice president elected by National People's Congress for a five-year term (eligible for a second term); elections last held 15–17 March 2008 (next to be held in mid-March 2013); premier nominated by president, confirmed by National People's Congress election results: HU Jintao elected president by National People's Congress with a total of 2,963 votes; XI Jinping elected vice president with a total of 2,919 votes
Legislative branch:
unicameral National People's Congress or Quanguo Renmin Daibiao Dahui (2,987 seats; members elected by municipal, regional, and provincial people's congresses, and People's Liberation Army to serve five-year terms) elections: last held December 2007-February 2008; date of next election - NA election results: percent of vote - NA; seats - 2,987
Judicial branch:
Supreme People's Court (judges appointed by the National People's Congress); Local People's Courts (comprise higher, intermediate, and basic courts); Special People's Courts (primarily military, maritime, railway transportation, and forestry courts)
Political parties and leaders:
Chinese Communist Party or CCP [HU Jintao]; eight registered small parties controlled by CCP
Political pressure groups and leaders:
the China Democracy Party; the Falungong spiritual movement note: no substantial political opposition groups exist, although the government has identified the organizations listed above as subversive groups
International organization participation:
ADB, AfDB (nonregional members), APEC, APT, Arctic Council (observer), ARF, ASEAN (dialogue partner), BIS, CDB, EAS, FAO, G-24 (observer), G-77, IAEA, IBRD, ICAO, ICC, ICRM, IDA, IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, IMSO, Interpol, IOC, IOM (observer), IPU, ISO, ITSO, ITU, LAIA (observer), MIGA, MINURSO, MONUC, NAM (observer), NSG, OAS (observer), OPCW, PCA, PIF (partner), SAARC (observer), SCO, UN, UN Security Council, UNAMID, UNCTAD, UNESCO, UNHCR, UNIDO, UNIFIL, UNITAR, UNMIL, UNMIS, UNMIT, UNOCI, UNTSO, UNWTO, UPU, WCO, WFTU, WHO, WIPO, WMO, WTO, ZC
Diplomatic representation in the US:
chief of mission: Ambassador ZHOU Wenzhong chancery: 2300 Connecticut Avenue NW, Washington, DC 20008 telephone: [1] (202) 328–2500 FAX: [1] (202) 328–2582 consulate(s) general: Chicago, Houston, Los Angeles, New York, San Francisco
Diplomatic representation from the US:
chief of mission: Ambassador Clark T. RANDT, Jr. embassy: 55 An Jia Lou Lu, 100600 Beijing mailing address: PSC 461, Box 50, FPO AP 96521–0002 telephone: [86] (10) 8531–3000 FAX: [86] (10) 8531–3300 consulate(s) general: Chengdu, Guangzhou, Hong Kong and Macau, Shanghai, Shenyang
Flag description:
red with a large yellow five-pointed star and four smaller yellow five-pointed stars (arranged in a vertical arc toward the middle of the flag) in the upper hoist-side corner
Economy
China
Economy - overview:
China's economy during the last quarter century has changed from a centrally planned system that was largely closed to international trade to a more market-oriented economy that has a rapidly growing private sector and is a major player in the global economy. Reforms started in the late 1970s with the phasing out of collectivized agriculture, and expanded to include the gradual liberalization of prices, fiscal decentralization, increased autonomy for state enterprises, the foundation of a diversified banking system, the development of stock markets, the rapid growth of the non-state sector, and the opening to foreign trade and investment. China has generally implemented reforms in a gradualist or piecemeal fashion, including the sale of minority shares in four of China's largest state banks to foreign investors and refinements in foreign exchange and bond markets in 2005. After keeping its currency tightly linked to the US dollar for years, China in July 2005 revalued its currency by 2.1% against the US dollar and moved to an exchange rate system that references a basket of currencies. Cumulative appreciation of the renminbi against the US dollar since the end of the dollar peg reached 15% in January 2008. The restructuring of the economy and resulting efficiency gains have contributed to a more than tenfold increase in GDP since 1978. Measured on a purchasing power parity (PPP) basis, China in 2007 stood as the second-largest economy in the world after the US, although in per capita terms the country is still lower middle-income. Annual inflows of foreign direct investment in 2007 rose to $75 billion. By the end of 2007, more than 5,000 domestic Chinese enterprises had established direct investments in 172 countries and regions around the world. The Chinese government faces several economic development challenges: (a) to sustain adequate job growth for tens of millions of workers laid off from state-owned enterprises, migrants, and new entrants to the work force; (b) to reduce corruption and other economic crimes; and (c) to contain environmental damage and social strife related to the economy's rapid transformation. Economic development has been more rapid in coastal provinces than in the interior, and approximately 200 million rural laborers have relocated to urban areas to find work. One demographic consequence of the "one child" policy is that China is now one of the most rapidly aging countries in the world. Deterioration in the environment - notably air pollution, soil erosion, and the steady fall of the water table, especially in the north - is another long-term problem. China continues to lose arable land because of erosion and economic development. In 2007 China intensified government efforts to improve environmental conditions, tying the evaluation of local officials to environmental targets, publishing a national climate change policy, and establishing a high level leading group on climate change, headed by Premier WEN Jiabao. The Chinese government seeks to add energy production capacity from sources other than coal and oil as its double-digit economic growth increases demand. Chinese energy officials in 2007 agreed to purchase five third generation nuclear reactors from Western companies. More power generating capacity came on line in 2006 as large scale investments - including the Three Gorges Dam across the Yangtze River - were completed.
GDP (purchasing power parity):
$7.099 trillion (2007 est.)
GDP (official exchange rate):
$3.251 trillion (2007 est.)
GDP - real growth rate:
11.9% (2007 est.)
GDP - per capita (PPP):
$5,400 (2007 est.)
GDP - composition by sector:
agriculture: 11.3% industry: 48.6% services: 40.1% (2007 est.)
Labor force:
800.7 million (2007 est.)
Labor force - by occupation:
agriculture: 43% industry: 25% services: 32% (2006 est.)
Unemployment rate:
4% unemployment in urban areas; substantial unemployment and underemployment in rural areas (2007 est.)
Population below poverty line:
8% note: 21.5 million rural population live below the official "absolute poverty" line (approximately $90 per year); and an additional 35.5 million rural population above that but below the official "low income" line (approximately $125 per year) (2006 est.)
Household income or consumption by percentage share:
lowest 10%: 1.6% highest 10%: 34.9% (2004)
Distribution of family income - Gini index:
47 (2007)
Investment (gross fixed):