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China Numbers: Pharmaceuticals, Railways & Smart Phones

Photo: Reuters

The numbers making news around China during the week of July 21, 2013

$1 trillion
Predicted spending in China’s pharmaceuticals industry by 2020 – up from $357 billion in 2011. Reuters

261 million
Number of active smartphones and tablets in China. Tech in Asia

184 hours
Length of time the average Beijinger must work to afford a top-model iPhone. Average New Yorkers need only work 27.5 hours. NDFinance

3.5 trillion yuan
Amount needed to complete all the railway projects that are underway in China. Caixin

17 percent
Proportion of China’s water used by coal industries and power stations. Bloomberg

1.7 trillion yuan
Amount the government plans to spend cleaning up air pollution. Caixin

16 percent
The increase in Guangzhou home prices over the past 12 months, the largest increase among major cities in China in that period. Bloomberg

$1.35 trillion
IMF estimate of the onetime increase in cross-border capital movements if China were to quickly implement financial sector liberalization. This is equivalent to several years of net outflows at current levels or 15 percent of GDP. Wall Street Journal



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