雅思口语话题：Economic Activity Tell

雅思口语话题：Economic Activity Tell

In 2012, China was the 18th fastest growing economy in the world, with a real GDP growth rate (constant prices, national currency) of 7.8 percent. Although the figure is its slowest growth since 1999, it is also representative of a maturing economy as it gradually transition from a developing to developed nation.

Since 1949, the Chinese government has been responsible for planning and managing the national economy. But it was only in 1978 – when Deng Xiaoping introduced capitalist market principles –that the Chinese economy began to show massive growth, averaging 10 percent GDP growth over the last 30 years. During that period the size of the Chinese economy grew by roughly 48 times, from $168.367 billion (current prices, US dollars) in 1981 to $8.227 trillion.