Question 1 (a)
The year 1990 was the beginning of China’s growth in terms of Gross capital formation. China was constantly lacking behind in terms of gross capital formation in decades earlier than 1990 but in 1990 and onwards, China was able to take the lead from US and Japan with capital formation of more than $3T.
The rapid boom in export from the year 2002 brough significant changes in China’s export. Such a boom not only helped China to establish a strong export base but also helped China in taking the lead from United States. In the year 2010, it was indicated ...