Our Insights blog presents deep data-driven analysis and visual content on important global issues from the expert data team at Knoema.अधिक जाने
Quick data summaries and visualizations on trending industry, political, and socioeconomic topics from Knoema’s database.United States: Higher Education Costs Flat in 2018 Leveraged Loans: A Threat to US Economic Health? E-Commerce Prompting Innovation by Traditional Postal Services अधिक जाने
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(Fall 2017) Nowadays China is growing at rapid clip, averaging 10 percent growth per year. According to the World Bank, China is "the fastest sustained expansion by a major economy in history.” The United Nations classifies China as a developing country, but as Quartz reporting highlights, the official definition is...not exactly defined, officially.
China's economic performance collapsed after the Great Recession of 2008. Demand for Chinese exports took the wind out of the economy. The slowdown in exports influenced not only production volume but also employment; the government said that more than 20 million migrants lost their jobs.
So, let’s look at the Chinese economy now. As the second-largest economy in the world and the world's trade engine, a shock in China today is likely to have a similar economic shock as did the US housing credit bubble in 2008.
*Ratio is estimated based on net debt to EBITDA ratio.
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