Zhang Yin the richest self-made women in the world, who made her money in the paper industry, is the wealthiest businesswoman in the world, according to Hurun Report, a Chinese magazine.
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An American bill imposing punitive tarifs on countries that undervalue their currencies is set to unleash a new trade war between the US and China. But in fact the whole global currency system is in a state of jeopardy. As confidence in the dollar drops, private investors are putting their faith in gold. By SPIEGEL Staff.
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China has passed Japan for the first time ever in terms of GDP, a landmark event for their economy. Where do they go from here?
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China's economic success has been built on cheap labour. The country’s migrant workforce is the world’s largest. At $0.81 an hour, the cost of Chinese workers is just 2.7% that of their American counterparts. But a spate of strikes has hit the country’s factories, and Chinese labour is getting dearer. Unit labour costs have risen more often than not in the past five years.
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While China cannot maintain its level of growth without a global recovery, it is still poised to become the most important economy in the world, surpassing the U.S. in its share of the global GDP sometime around 2020.
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As the fastest growing segment of the developing world, China’s current and future energy usage and resulting environmental impact cannot be understated.
Chinese love cars. They started to know western life on wheels by watching American movies. Since 1980 when China’s Opening and Reform adventure debuted, the auto number in the country has been growing constantly, from 1.78 million, 1980 to 64 million, 2009.
The demand will be respectively 140 million in 2015 and 217 million in 2020.
As the Chinese government look set to announce that the country's annual economic growth will reach 12 percent in the first quarter of 2010, it becomes clear that the communist state are quickly becoming the benchmark for sustained economic growth and must be considered serious competition for the once untouchable United States.
