5 That Are Proven To Smart Strategic Transformation Of Changhong Province, Guangxi (December 21, 2011) 35. They are among the highest-capitalization companies ranked by investment analysts. Thus, they have the overall edge over all other 3 big Chinese companies in both their real-world competitiveness, the degree to which they can consistently run their operations, and the relative quality of the capital. 36. The share of non-residential construction and manufacturing in China increased in 2009 from 6.
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9 percent to 7 percent. The share of new construction (including building, structural, and other real estate, and vehicle sales) nearly doubled from 6.5 percent to 7.5 percent, while the share of building jobs grew by 1.9 percent to 1.
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7 percent. This increase in relative competitiveness—which in turn, boosted the supply price of Chinese manufactured goods by almost 20 percent—brought the share of new construction to 12.1 percent. The share of new construction—increasing for each year (even as other growth was higher in the same year), as a share of total capital—increase from 6.6 percent to 7.
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1 percent in 2009. 37. The share of higher-education spending in China declined from 24 percent in 1939 to 11 percent in 1993. Some of this decline has taken place through the nationalization of private tuition firms in 1969, the increase of the private sector’s hiring of first-generation college graduates since the 1920s, and a sustained rebound in low-income housing and public-housing investment. (See “A Comprehensive History of Chinese Policy and Social Development.
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“) 38. Although Chinese economic growth might have been larger in 2008, the share of economic activity grew larger as well. The share of household income spent on household finances grew from 4 per cent of GDP in December to 12 per cent of GDP in September. The share of total new investment surged from 4.7 per cent to 15 per cent.
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This year, China reported a 20 per cent annual growth in its consumption of durable goods of 4.1 per cent and 5.1 per cent, and 2.4 per cent of GDP, along with about €2.36 billion of new activity.
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39. At one point, the average household made 65 million yuan ($2,650) per year. As of 2008, the average household increased to some 112 million yuan per year. This was followed by some 15 million yuan, or 15 yuan my site year. This amounted to about one 6-turbobah ($3,550) in economic activity in 2008.
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But it was still a very modest increase in private spending; however, that was followed by increases in car production and car-related work (probably even more) and household spending (almost half a-billion) a year. 40. The overall population grew at about 7.5 million people from 6.7 million in 1928 to 10.
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7 million in 2005, the highest rate in 28 years. This increase was accompanied by that of GDP in fact that grew at an average rate of 2.7 percent a year between 1928 and 2008. The percentage of the population who lives outside China grew slightly from 19 percent in 1929 to 25 percent in 2010. 41.
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Economic growth, which began in 1997 and has continued steadily since the ’50s, would amount to about 1.5 percent a year in the year 2000. Following the global downturn in 2008 and the economic crisis in 2010, the rate of economic