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30-May-2019 06:44

China does a lot of manufacturing for foreign businesses, including U. China primarily exports electrical equipment and other types of machinery. It's the world's largest importer of aluminum and copper.

This includes computers and data processing equipment as well as optical and medical equipment. It's the world's largest exporter of steel. China's Share of World Commodity Consumption in 2014/2015 Unfortunately, suppliers over-produced, creating too much supply. As China's growth slows, prices for commodities used in manufacturing, such as metals, will drop.

Massive government spending went into state-owned companies to fuel those exports. They include the big three energy companies: Petro China, Sinopec and China National Offshore Oil Corporation.

These state-owned companies are less profitable than private firms.

That forced the Chinese population to save for their retirement, strangling domestic demand.

Most of the growth occurred in the cities along China's east coast.

China's economic growth rate slowed to 6.6 percent in 2016, the lowest since 2009.

It grew 6.9 percent in 2015, 7.3 percent in 2014, 7.7 percent in 2013, 7.8 percent in 2012 and 9.3 percent in 2011.

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It increased trade agreements with Southeast Asian nations and many Latin American countries.

This success led to 5.5 percent inflation in 2011, a real estate asset bubble, growth in public debt and severe pollution.