China is one of the most dynamic places in the world in terms of its economic growth. In 2010, China passed Japan in the second quarter to become the world's second-largest economy. During the past decade (2001 to 2010), the average GDP growth rate in China was about 10%. According to the Chinese 12th Five-Year Plan (2011- 2015), the average GDP growth rate target over the five years is 7% (Government of China, 2011).
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