ABSTRACT

China is the largest developing country in the world, having a total land area of 9.6 million square kilometers and population of 1.2 billion. In the past fifty years since its foundation, the ruins of war have given rise to large-scale economic construction, and the country had attracted worldwide attention. The GDP growth averaged 9.6 percent per annum in the last two decades (or 11.6 percent per annum during the 1991–96 period), making it the fastest-growing economy in the world.