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China's foreign exchange reserves rose for the 11th month in a row to .14 trillion at the end of December.
China's healthcare spending as a percentage of GDP grew from about 2 percent in 2005 to 3.5 percent in 2009 when the reform started, to about 6 percent today. In a time of rapid GDP growth, this was almost a tripling of real healthcare spending. Total expenditures are now about 4 trillion yuan (5 billion) and research by Deloitte Analysis predicts it will top 8 trillion yuan by 2020. By 2030, total Chinese spending on healthcare will reach 16 trillion yuan, 10 percent of that year's expected GDP.
China's influence in Africa is growing based on good diplomatic relations, compared to the West's history of manipulation and merciless exploitation of the continent. China has 52 diplomatic missions in Africa compared to 49 of the US. Of the five UN Security Council members, China has the most peacekeepers in Africa with more than 2,000 troops in five countries. One of the best writers on the exploitation of Africa by the West, Zambian born Economist Dambisa Moyo, in her book, Dead Aid, points out that: "The narrative of donor and recipient has changed considerably with China." Chinese banks are currently giving more loans to African countries than the World Bank. This is a real headache for the West, as the era of exploitative conditional lending to African countries has been rendered obsolete. The West is trying to figure out how to counter China's influence in Africa so it can retain its threatened and tainted foothold in Africa.
China's foreign trade enterprises have been boosted by a series of tax deduction policies, ensuring the smooth operation of the foreign trade industry supply chain, Sina Finance reported on Friday.
China's import of goods has basically recovered to the level of last year. The China International Fair for Trade in Services held in Beijing this September brought together 22,000 companies from 148 countries and regions to its online and off line events.