China's per capita income is $2,360. It ranks 132nd in the world.
China is the world's second largest economy, with its GDP standing at slightly more than $7 trillion. India, by comparison, touched the $1-trillion mark in 2007.
China, the world's factory, has a highly developed manufacturing sector. It has a huge market which acts as a magnet for big multinationals who pour in billions of dollars into the economy to grab a chunk of the massive Chinese market.
The country also has a very well developed telecommunications market, apart from robust agricultural and industrial sectors.
Image: Visitors at the $500-million National Stadium, better known as the Bird's Nest, in Beijing, China. | Photograph: STR/AFP/Getty Images
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