Tuesday, June 14, 2011

China


China, the fourth largest country, is the home to the largest population in the world. With a climate ranging from tropical in the south to subarctic in the north, the west with vast deserts and the east with luscious green mountains and valleys, the people of the nation are as varied as the terrain. Around 55 different ethnic minority groups compose nearly 7% of the total population (D). Now the world's fastest-growing economy is undergoing what some have described as a second industrial revolution. Possessing 1/5th of the world’s population, China’s economic growth has caught the attention of the western world. A re-emerging super power, second only to the U.S., China also faces an imbalance in regional economic growth that has led to a tremendous level of economic inequality (A). Nevertheless, the government has worked hard to develop many market–orientated reforms in order to strengthen the overall infrastructure of the economy and to bridge the gap between urban and rural income distribution.

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