Country Analysis Briefs: China, September 4, 2012.

摘要

China is the world's most populous country and has a rapidly growing economy, which has driven the country's high overall energy demand and the quest for securing energy resources. According to the International Monetary Fund, China's real gross domestic product (GDP) grew at an estimated 9.2 percent in 2011 and 7.8 percent in the first half of 2012, after registering an average growth rate of 10 percent between 2000 and 2011. Economic growth continues to slow in 2012 as the global financial crises unfolds, industrial production and exports decrease, and the government attempts to curb economic inflation and excessive investment in some markets. China mitigated the 2008 global financial crisis with a massive $586 billion (4 trillion yuan) stimulus package spread over two years. The recent global downturn in 2012 has spurred China's government to begin incremental monetary easing measures and consider a second smaller fiscal stimulus package.