Macroeconomics in China
Macroeconomics in China
The unemployment has been going down during the pass years, in 5 years the unemployment rate fell around 3%.
The inflation rate has been going up and down during last 5 years, nowadays the inflation rate is almost equally than the inflation rate of USA.
The business cycle has an important increase during last 5 years, this can be related to the decrease on the unemployment rate.
GDP from primary industries has been growing up more than secondary industries; however, GDP growth rate has been decreasing.
In conclusion, the China´s business cycle stills in expansion, although the decrease of GDP growth rate the output from primary and secondary industries still increasing during the pass years.
China didn’t enter on crisis or recession during the past 5 years, but in this year with the actual pandemic and what the country had to do to stop the virus, China enter in recession and the result are very evident, we will see how the actual government will go through this.
It was quite hard to find information about this country because of its actual president and his government (communism).
