China Revolution- Dragon capturing market share of world

The influence in the world economy was started after late 1980s, At the same time trade by china was started also. It was in modern era, where powerful connection between economic openness and political and civil freedom provides an expansion in global trade made by China. Now a days, most of the products that we pick up these days from the market, have made in China stamped on them. Their rate of expansion made them one of the world's fastest-growing economy having average growth rate of 10% over the past 30 years. Main reason behind the growth is the availability of human resource. China have about 20% of world's total population share and only 6% of land share. Another reason is the popularity and low manufacturing cost as compared with other countries.

China is the largest exporter and second largest importer of goods in the world, capturing world share of electronic gadgets and items made of plastics including home appliances, food products, seafood, body jewelry, toys and more.

As per the statistics,

• China's export of goods and services constitute 39.7% of its GDP.
• In December 2011, China’s import & export totaled US$ 332.92 billion with a year on yearly growth of 12.6% in which export was US$ 174.72 billion and its import was US$ 158.20 billion, up by 13.4% and 11.8% respectively.
• In January of 2012, China exports were worth 149.9 Billion USD.China’s import & export totaled US$ 3642.06 billion with a year on yearly growth of 22.5% in which export was US$ 1898.60 billion and its import was US$ 1743.46 billion, up by 20.3% and 24.9% respectively.

What does china exports?

Generally, China's export composes of items which are either to be processed further or assembled or even manufactured products. In 2004, 93% of China's export were manufactured goods.

Mainly, China exports electronics items including office machines, Data processing equipments, telecommunication equipments or parts, daily consumable items like apparels, shoes, toys, seafood etc. Besides this, china also contributes its share toward industrial machinery, transport equipments and mineral products, which includes cotton cloth, tungsten, crude oil, coal and antimony. China's export in agro commodities include rice, wheat, soya been, maize, peanuts and tobacco.

According to a survey done in the year 2010, china's top categories of exports across the world are,

Commodity	Volume (in $ bullion)
Electrical machinery and equipment	388.8
Power generation equipment	309.8
Apparel	121.1
Iron and steel	68.1
Optics and medical equipment	52.1
Furniture	50.6
Inorganic and organic chemicals	43.2
Ships and boats	40.3
Vehicles, excluding rail	38.4
Footwear	35.6

Some facts about china exports

• China is largest producer of food items in world with total production of about 4,078 billion RMB (US$536 billion).
• BBR Future of Wine report, 2008 predicts china will to be on top chart of largest wine producer by 2058.
• China is world’s largest producer of cotton, having almost 30% of world’s total output. Its cotton production has leaped from 440,000 tons to 35.5 million bales from 1950 to 2007.
• Steel industry of china produced 567 million metric tons of crude steel, which amounts to about 46% of total world share.
• China also exports 95% of world’s rare earth metals which are used in manufacturing of high tech products.
• China export almost 50% of the world’s cement and flat glass in 2006
• China is also largest producer of minerals and metals such as aluminum, flourspar, graphite, antimony, barite, coal, lead, tin, tungsten, iron, steel and zinc.
•  In 2007, China produces 276 metric tons of gold, representing over 10% of the world’s total.