As China's economy during the past 30 years has changed from a centrally planned system that was for the most part closed to international trade to a more market-oriented economy. This caused the Chinese economy's private sector to grow rapidly and is a major part in the economy of the globe. As mentioned earlier reorganization started in the late 1970's with the end of collectivized agriculture, and extended to include fiscal transference, the development of stock markets, increased self-sufficiency for state enterprises, the foundation of a banking system that is diversified, the rapid growth of the non-state sector, liberalization of prices, and the opening to foreign trade and investment. Annual inflows of foreign direct investment grew to nearly $108 billion in 2008.
In recent years, China has changed and readjusted its support for enterprises in sectors it considers to be very important to "economic security,". After keeping its currency linked to the US dollar, China in July 2005 revalued its currency by 2.1% against the US dollar and moved to an exchange rate system. The swelling appreciation against the US dollar since the end of the dollar measure was more than 20% in 2008, but the exchange rate has remained since the beginning of the global financial social safety crisis. The restructuring of the economy and resulting efficiency gains has contributed an increase in GDP since 1978 by 10 times. Measured on power parity basis that adjusts the price differences, China in 2009 stood as the second-largest economy in the world after the US, although in per capita terms the country is still considered to be lower middle-income.
of millions of migrants and new the work force being entered. Thirdly China is trying reducing fraud within government faces numerous The secondary economic development challenges. Firstly the reducing its high domestic a purchasing savings rate and low domestic demand through increased corporate transfers and a strengthened net. Secondly the adequate job growth for tens the economic and other crimes, and limit environmental harm and social conflicts because of the to the economy's The Chinese fats changes. (gov.library, 2010)
According to the National Bureau of Statistics, China's employment stood at 774.80 million persons at the end of 2008. Around employed, which is 27.306.54 million were employed in, which means 39.6% are the workforce. In the secondary industry were 2% of the total employed population 211.09 million individuals. The employment figure was 257.17 million the primary industry, which is 33.2% of China's workforce. The primary industry is involved in alter natural resources into main products, where most of them are used as raw materials for other industries. industry creates finished, usable products while another industry is involved in providing a service. Although the official estimates for China's unemployment situation seems to be very promising Ministry of Labor. The registered unemployed, this is not the case. While estimating the unemployment figures, the government only includes individuals who were belonged only to the urban regions. So, people living in rural areas were not in the registered with the Chinese evaluation of total unemployment.(责任编辑：BUG)