China has recently made majordecisions about its economic future. On November 15, 2013, China announceddramatic new social and economic policies contemplating much greater relianceon market forces than it has in the past and inviting private-sectorparticipation and foreign competition in industries long previously controlledby the central government. It also relaxed its one-child policy, openingthe country and its people to vast new opportunities and inspiring new hopes anddreams.
It was 8.9% in 2015 and 9.9% in 2014. The expenditure accounted for 2.11% of last year's total GDP, compared with 2.06% in 2015.112
China's producer price index deflated by 3.3 per cent in annual terms last month, the most since September 2009. Prices in the mining sector were down 13.2 per cent, while raw materials prices fell 6.4 per cent.437