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China has recorded a track of sound development since 2003 and its economy has espanta quickly and in a stable manner, the office of national statistics (NBS) said yesterday. Samples are living also improved considerably, while the economy and levels of income are increased steadily since the sixteenth National Congress of Communist Party of China convened in 2002, according to the NBS. The economy has espanta for more than 10 percent in each of the last four years, for an average of 10.4 percent. That is more than double the average growth rate in the world economy during the same period and exceeds the entire period in China since the reform and the opening towards the end of 70 years. The economy is stable and has cooked steam ahead. During the past four years, the growth rate has not fluctuated more than ever by 1.1 percentage points. Meanwhile, consumer prices are also remain stable at about 2.1 percent a year. China 'the overall volume of s economy was the world' s fourth largest in 2005. It was the sixth – the largest economy in 2002. The gap between China and the United States, Japan and Germany – the three main world economies – has also limited in terms of gross domestic product (GDP). As its economy has developed, China hours contributes more than 5.5 percent of the world 'GDP s, from 4.4 percent in 2002. That is a test for the large and fast development of China's economy. China 'economy roaring s also seen for the first time on the street where per capita income threshold of U.S. $ 2000 in 2006. According to samples from the World Bank, China should no longer be considered a nation with low incomes, because its income per capita hours resembles that of a country with average income. While that enjoys fast economic development and stable, China has restructured its economy to increase the weight of its services sector in western more difficult, the NBS said. By 2006, tertiary represented 40.1 percent of the economy, as retail sales increased annually by an average of 12.2 percent during the four years. Rural Development China has found it easier to develop its rural areas due to the development of investment of fixed assets. These investments often reflect the potential for the development of economy in a region and have increased faster than central regions, western and northeast. In 2006, for example, the investment of fixed assets in central provinces accounted for 19.3 percent of national total, 1.6 percentage points more than in 2002.

Dylan Sun

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