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GNP increasing an average of 9% annually (Benson, 1996) and ranked third in the world.
* Export growth of 25% and imports up 15%.
* Will continue to dominate light and medium-tech industries because of the large market in China and the pool of labor.
Key Money Recipient and Direct Foreign
Investment
* Leads world in direct foreign investment - $135 billion (Taninecz, 1996). Foreign invested companies represented 31.5% of all China's exports (or about $46.9 billion). This netted about $8.4 billion in taxes
(Taninecz, 1996 and "China: The Numbers Game," 1995.
* Moving to a market economy.
* Will be one of the world's six largest economies by 2020 with Japan, Indonesia, India, and Korea and the U...
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