The People's Republic of China is in charge of how well China's economy does. Since 1978, this has been the main thing that drives the economy. China's economy is currently ranked #4 in the world, so it's clear that the rules of the People's Republic of China are helping the Chinese people. But the biggest thing that people say is wrong with the Chinese economy is that it seems like the rich keep getting richer and the poor never get out of poverty.
China did a political balancing act to help fix the problem of the growing gap between the different social classes. This method was used for the first time in the 1990s. The government worked very hard to reform the market. Before the energy crisis in the late 1990s, China seemed to be doing well with the changes.
Unemployment is something that many countries have to deal with. The opposite seems to be true for China. Since 2005, there haven't been enough people working to keep up with the constant growth.
Skilled workers are needed for businesses and technology, but unskilled workers are needed to work on farms. China is third in the world in terms of how much is made in factories every year. More than 300 million people in China work in agriculture, which is a big part of the economy. China exports a lot of the food it grows. Their food exports are thought to feed up to 20% of the world's population.
Some leaders in the country are worried about China's growth, though. They are always increasing the amount of natural resources they use each year. Because there are so many factories, pollution and other problems with the environment are a worry. China's economy is growing, but it still has a long way to go. This means that there are many opportunities.
