Year 11 Economic Analysis of China and Australia, including Economic growth, employment and unemployment, quality of life and role of government.
Date Submitted: 09/10/2006 02:46:59
Economic Growth.
China.
China is classed by the World Bank as a lower middle-income country. China's real GDP grew at a rate of 9.1% in 2003, up from 8.0% in 2002, meaning that even economic growth is increasing rapidly in China. China's GDP growth rate is even faster than the US, and has enjoyed some double-digit growth rate since it has opened to economic reform.
This rapid growth had brought opportunities and challenges - both for China and for
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the Governor-General
·<Tab/>advising the Governor-General as to when Parliament should be dissolved
·<Tab/>setting the date for House of Representatives elections
·<Tab/>allocating positions in the Cabinet
·<Tab/>chairing Cabinet meetings.
The Cabinet consists of the most senior ministers of the party, which includes the PM.
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