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China socialist economy is the world´s second largest economy by nominal GDP
China is one of the biggest exporters of goods in the world
China became the sole Asian nation to have a GDP above the $10 trillion mark.
Inflation
Shortages of gasoline and diesel fuel developed in the fall of 2007
Vast majority of china`s imports consists of industrial supplies and capital goods. Mainly from developed countries such as EEUU and Japan
China´s imports from US has grown from 7% to 15% since 1996
-Imports (machinery, high technology)
-Exports manufactured goods (80%) and agriculture products
-Busiest ports are of China
China is building substantial new islands on five different reefs
As they create these islands they reclaim big portions of the sea near these ones.
China could literally control the flow of a large portion of the world`s shipping