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The Economic Rise of China by Chris Jin

//It was not surprising that China has become second biggest economy in the world. However, their economy has been slowing down recently. Chinese has been struggled to lower the inflation rate to help their economy. Also China has been controlled under communist power, and that has been keeping them away from reality of world's economy. After Mao's death their inflation rate has increased 5.4%. Even though their economy's increase under Hu's leadership their is no 100% guarantee that they will keep their economy this way, because there was some incident that they could not control there inflation rate.//
 * //Many Economists say that China can be number one economic power and overtake United States in 30-40 years. However, recently China hasn't been proving that they can be world power and lead the world economy.//**



Hu Jintao, China's President helped Chinese to take spot for second biggest economy. Chinese man watching inflation rate rising slowly. After Chinese economy hits two-year high inflation rate people will try to buy cheaper food.

TIMELINE

1961-1965: Increase in production and import of agricultural inputs (fertilizers, machinery, pesticides) 1976: Mao's Death 1980-1990: Great Improvement of China's food security 1984: 14 coastal cities are completely opened to foreign investment. 1995: Overheating of the economy: 17% Inflation rate. 2002: Kentucky Fried Chicken opens China's 700th KFC restaurant. 2009, Feb.: China makes largest investment in foreign company. 2009, Nov.: China is now the largest automobile market in the world. 2011, Feb.: China overtakes Japan as world's second-biggest economy.

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What if you were the president??? what would you do??