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Even though, the immense popularity gained by the ‘China Bashing’ in the global media, there is very little existing analytical work on the overall economic impact of China.
The size of China is a key issue which is very debatable. The economic size is an ambitious thing to quantify. “It is well known that market exchange rates do not properly weight differences in living costs, may fluctuate by large amounts, and may be subject to manipulation by governments” (Robertson, 2) The GDP of China according to the exchange rates is half the size of the United States. Therefore, if looking closely, China has awfully large range of 50% to 125% of the GDP of the United States. “China is projected to be the largest economic power with almost a fifth of world gross domestic product (GDP), and India will continue to rise. The two Asian giants will have by far the biggest middle classes in the world (23 and 18 per cent of global middle class consumption in 2030, respectively).” (Global trends and Chinas future|Comment|chinadaily.com.cn)
Due to the introduction of the economic reforms, there had been a boost and the economy of China gradually grew faster than the pre reform period. From 1953 to 1978, real annual GDP was estimated at 6.7% according to the Chinese government. Economist Agnus Maddison estimated China’s average annual real GDP during this period at 4.4%. However during the leadership of Mao Zedong (Chairman), the China economy faced economic downfalls. China was able to double the size of its economy since 1979 as its average real GDP increased to 10%. “The global economic slowdown, which began in 2008, impacted the Chinese economy. China’s real GDP growth fell from 14.2% in 2007 to 9.6% in 2008, and slowed to 9.2% in 2009. In response, the Chinese government implemented a large economic stimulus package and an expansive monetary policy.” (Morrison, 3) Due to these actions and measures taken, the domestic saving and consumption boosted and
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Four main changes are identified as namely; Change in vision, goal and mission of organization, Loyalty and motivational changes in employees, Business routines and rituals. The study concludes that globalization has both negative and positive effect to the cultural environment of business in China.
Similarly, these individuals are increasingly insightful in their subsequent choices of target investment opportunity. In the preceding century, and up to the turn of the past decade, manifold investors preferred portfolios driven by technology. Nonetheless, recent developments show a shift from this perspective to newer ideals that focus on sustainability.
In order to attain the aim of discovering real reasons behind the growth in FDI in China, the following objectives are examined in the article. These includes: a review of the factors in FDI movement globally, an analysis of the trends in FDI in China and India, an observation of the differences between situation in this sphere in these countries.
This view was not arrived at by malevolent outsiders but by the Chinese government. The question of whether the expected change would be one that is abrupt or smooth, can be answered from the perspective that it would mainly be dependent on both the global and China’s future growth.
It permeates the way of life of every human being, influencing their quality of life, the directions they would take, and their future. It also affects governments and their policies, requiring serious contemplation and even shifts in their strategies and policies to ensure sustainable existence in an increasingly competitive and shrinking "global village".
A number of alterations in trading and business worldwide seem to yield diverse prospects for the entire world. There have been giants which face challenges from other competitors in the global market. The way the competition and new trends in the global trade environment is moving, it has given rise to other economies which were only struggling in the last century.
The resultant urban centres are cities or towns with distinct characteristics that sets them apart from other parts of the country (Goldfield, 2007). When the urban centre is at last formed, it continues to grow, just like any other sections of the society.
The country has enforced its law on media, politics, environmental ethics and business activities. Some of the global issue faced by China is environmental pollution, social media violence and violation of human rights. The recent ban of the
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