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37 Growth
BIT.TRIP BEAT - Growth - 37 835 692 - Part 1 / 2
The Economic Growth Of Modern China
China is undergoing rapid, profound economic and social change and development. Modern tourist facilities are available in major cities, but many facilities in smaller provincial cities and rural areas are frequently below international standards. China has taken steps to improve relations with countries in South Asia, including India. Following Premier Wen's 2005 visit to India, the two sides moved to increase commercial and cultural ties, as well as to resolve longstanding border disputes. If you're interested in learning to speak Chinese, check out this Rocket Chinese Review. China has a high income tax rate and a moderate corporate tax rate. The top income tax rate is 45 percent, and the top corporate tax rate is 33 percent.
China has perhaps the world's longest continuous civilization; for more than 40 centuries its people created a culture with strong philosophies, traditions, and values. The start of the Han dynasty 2,200 years ago marked the rise of military power that created an empire -- one that provided a golden age in art, politics, and technology. These Rocket Chinese Reviews will really help you learn more about the best Chinese language learning program on the market. China's fashion, arts and cultural community has enjoyed somewhat of a renaissance of late. You no longer see the Mao suits that once dominated urban streetscapes.
China has simply grown too big to keep expanding at the 10 percent rate it has sustained for 30 years, and is likely to slow to 8 percent at best next year and for the foreseeable future. The decisive end of the era of double digit growth is here, with major implications for the nation and the world. Rocket Chinese is truly the best product on the market today. China's National Day falls on October 1st, but workers receive seven consecutive days off from September 29 through October 5 to mark the holiday. Tourist destinations will be open and crowded.
China has also had its problems and its stock market has not reflected the relative strength of its economy. China began to build a modern legal system in the late 1970s, after opening itself economically to the rest of the world. Since then it has developed legal codes in the areas of criminal, civil, administrative, and commercial law.
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Frequently Asked Questions...
An investment grows by 37% over a 5-year period.What is its effective annual percent growth rate?
im so lost help
Answer:
let's see, since it's about investments, it is probably a compound interest question
now let its growth rate be x (i.e. if it grows by 5% per year, then x = 105%)
then in 5 years, it's total growth would be x*x*x*x*x = x^5
so x^5 = 137%
or, x = fifth root of (137/100) = 1.065 = 106.5/100
thus the annual growth rate you need is 6.5%
