Introduction For various reasons, China has always been an important country in the world. With its increasing large population, it was determined by other countries that is has a lot of economic potentials. In just one decade and a half, China has transformed itself from a giant that use to live in poverty into a wealthy powerhouse to the world economy. With one-fifth of the world¡¦s population, China is now producing 4% of world merchandise …showed first 75 words of 5388 total…

…showed last 75 words of 5388 total…Government Investment Exports of Goods and Services (2) 18.20 8.00 31.90 22.90 1.50 20.90 0.50 Imports of Goods and Services (3) 26.30 29.00 11.20 14.20 5.10 2.50 -1.50 Fiscal and External Balances (% of GDP) Budget Balance -0.97 -0.85 -1.23 -1.00 -0.78 -0.78 -1.50 Merchandise Trade Balance (f.o.b.) 0.87 -2.03 0.99 2.41 1.51 4.46 5.48 Current Account Balance 1.33 -1.98 1.42 0.23 0.89 3.29 3.03 Capital Account balance -0.05 3.91 4.68 4.74 4.89 2.54 0.00 Economic Indicators (% change from previous year, except as noted) GDP Deflator 7.90 14.60 19.50 13.10 6.10 1.50 -1.30 CPI 6.40 14.70 24.10 17.10 8.30 2.80 -0.80 M2 31.30 32.40 34.50 29.50 25.30 19.58 15.30 Short-term Interest rate (%) 8.10 8.80 9.00 9.00 9.72 7.65 6.34 Exchange Rate (Local Currency/US$) (4) 5.50 5.76 8.62 8.35 8.31 8.28 8.28 Unemployment Rate (%) 2.30 2.60 2.80 2.90 3.00 3.10 3.10 Population (millions) 1172.0 1185.0 1199.0 1211.0 1224.0 1236.0 1248.1 Source: APEC Members Economy Report