Unit 4 Edexcel Economics data on China

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Unit 4 Edexcel Economics data on China Useful data for Unit 4 economics exam on the global economy
National minimum wage £1.50 equivalent though it depends on city
PISA index rank (quality of education in a country) China as a whole country isn't ranked, Shanghai is 1st and Hong Kong is 3rd though.
GDP predicted growth for 2014 (% of GDP) 7%
Corporation tax 25%
Budget balance (% of GDP) -2.1%
National debt as % of GDP 58%
Current account balance (% of GDP) +2.1%
Interest rate 4.1%
Inflation rate and target 2.6% in 2013 with a target of 3.5%
Unemployment % 4.1%
Estimated output gap -0.8%
Global competitiveness rank 29th
Investment as % of GDP 47%
Income tax maximum rate 45%
Labour productivity as % of GDP, % change on previous year 9%
VAT rate 17%
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