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The Complete Idiot's Guide to Economics, 2nd Edition by Tom Gorman

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The Rise of China

China has developed into a significant global economic force over the past 20 years. Through a mix of high savings, investment in public projects, rapid industrialization, gradual adoption of capitalist-style economic incentives, and disciplined trade and foreign-exchange policy, the People’s Republic of China has achieved double-digit GDP growth in most of the past decade, and close to it during the global recession of the late 2000s.
Much of China’s growth has been export-led, and the United States is the nation’s largest trading partner. However, China has also seen to its internal infrastructure and applied some $600 billion in economic stimulus, a good portion of it in the form of public projects, to support demand during ...

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