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How to Bailout of Economic Fears
We hear a lot about the national financial crisis and the Wall Street bailout. Whether we feel the crunch or not, one can’t help but to get caught up in the fears and hysteria that seems to be all around us. However, we can’t allow ourselves to be swept up in the panic.
The Economy of ChinaChina is the third largest economy in the world, after the United States of America and Japan, having a nominal GDP of US$3.42 trillion in terms of exchange rate. The International Monetary Fund classifies China’s per capita income at about $7,800, from the point of view of purchasing power parity. It is considered fairly poor by world standards. China’s GDP has grown an average 10 percent a year since free market reforms in 1978.