The past thirty years has witnessed a great rise in the development of industries, an aspect that has promoted a rise of rich individuals in the country. The children of these rich entrepreneurs are mainly in…
Download file to see previous pages...
This means that they are mainly reliant on their families, which are filthy rich. Through this character, a serious economic challenge comes up, the economic future of the country stands to be threatened if these people are consumers and are not working to expand their parents businesses. However, through an interview with one of them I realized that though they spend, they have a view that one day they will engage in income generation. The second rich generation in China poses a possible collapse of the Chinese economy in the future.
The building of an economy requires the input of all the stakeholders, including all the citizens in a country. China has grown to be one of the giant economies in the world courtesy of its industrialization that took place in the 1980s. Economic reforms and policies made it possible for Chinese citizens both in the private and public sector to expand their businesses (Zhou, 2011). These people have facilitated to a great deal the realization of a strong economy. It is because they were hardworking and embraced a spirit of work that they were able to achieve the current economic state in china. On the other hand, their children have decided to sit back and eat what their parents made. This is a very dangerous scenario given that there is no income that is generated from what they do. While every citizen has an obligation of contributing to nation building through engaging in an economic activity, this group does not care.
Economic stability can be fostered through consumption of local goods in order to promote the local industry. The second rich generation does not have much treasure of the local commodities and services. For example, most of them spend their time in the United States driving flashy cars and consuming highly expensive products. This means that there is a flow of resources from China to United States just to take care of unproductive individuals living expensive
...Download file to see next pagesRead More
With this portrayal on media, the rest of the world has formed a negative stereotype of Asian people. The article, “Its Asian life, but not as we know it,” is one such avenue that has tried to change perceptions of the rest of the world. It talks about a Second Generation drama series in East London produced and acted by Asians.
And yet, they are also quite different. The movie Slumdog Millionaire intrigues its audience with its title as it presents a contradiction. How can a veritable “slumdog” – a derisive term for someone in the fringes of society, so enmeshed in poverty as to be comparable to a mongrel – turn out to be a millionaire?
During the cold war years, the authority of the presidency was chief in the making of the United States foreign policy, and the economy of America controlled the world economy. Many changes have however occurred around the world, and in the American society, consequently affecting the administration of the United States foreign policy.
As with any such discussion, the analysis will rely on the incomplete information that the news media provided following the crash. These instances and discussing the way in which the media seeks to cast the event ultimately help the reader to be able to infer some key concepts and theories with regards to the way in which the news media seeks to elaborate on uncertain and indeterminate information prior to a final resolution as a means of generating a top story.
The father of Mo Han is the CEO of Zhengye group (one of the biggest real-estate corporations in China). His father is the college classmate with mine and that is how I got to knew Mr. Han. Currently, Han is attending one of
Thrift spending and very lavish lifestyles characterize these children, called the second rich generation. This name emanates from their fathers who were the first generation of rich people in the country. One major character that outstands in this generation is that
The students are able to hear the new languages from the teachers on classroom sessions. It is identified that from hearing the new language from the teachers, the students have learnt the language up to some extent. The students are also able to understand the language to
15 Pages(3750 words)Essay
GOT A TRICKY QUESTION? RECEIVE AN ANSWER FROM STUDENTS LIKE YOU!
Let us find you another Essay on topic The Second Rich Generation in China Argumentative Essay for FREE!