We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Chinese Economy - Assignment Example

Comments (1) Cite this document
Summary
Name Lecturer Paper Date 1. What are the three trade regimes in China in the post-1949 period? The three trade regimes in China in the post 1949 were: Pre-Reform: central planning-Around 1950s there were major partners. These were centrally planed economies such as Soviet Union which composed half trade activities…
Download full paper
GRAB THE BEST PAPER
Chinese Economy
Read TextPreview

Extract of sample
Chinese Economy

Download file to see previous pages... During this period the trade regime comprised of central planning that was generally a Residual category with respect to domestic capacity. Post-reform and pre-WTO: This was also called dual trade regime. There was devaluation of currency from $1 which was equivalent to 1.4 Yuan to 1 dollar being equivalent to 8.7 Yuan, this was a around 1994.Expoters were allowed to keep percentage of foreign exchange In 1996 there was current account convertibility. Dual track was advantageous in the following ways, in that the new sector benefit whereas the old sector is not hurt. Free market was also introduced and did not interfere with the existing old sector. Post-World Trade Organization. During this period there was tariff reduction and also removal of non-tariff barriers that included quotas, licensing and quantitative restrictions. Major services included telecommunication with advent of internet provision; there were also financial services and professional services like consultancy and accounting. 2. How did the dual-track foreign exchange market work? How did the dual-track in Foreign trade work? This period was majorly between 1986 and 1993.It involved: a) Currency devaluation from one dollar which was equivalent 1.4 Yuan to one dollar being equivalent to 8.7 Yuan in 1994. The devaluation of currency was encouraged to promote the number of exports. ...
The Chinas foreign reserve by 2006 was over one trillion dollars which was more than a year’s import. d) In this period there was duty free and many processing zones were created, there were witnessed tax holidays for some specific industries to steer their growth. e) Little interference was witnessed and also free duty on goods purchased for the purpose of making export goods .Other countries that did the same were Island in India Ocean and Mauritius. f) The period experiences an increase in the no. of trade in terms of international firms. In general the exporters were in insulated against the forever world trade in general. 3. Why a dual-track instead of a single-track? Use the examples in foreign exchange and foreign trade to explain the advantages and disadvantages of a dual-track Dual track referred to coexistence of two coordination mechanisms (plan and market) and not to the coexistence of two ownership systems the dual-track system allowed state firms to transact and cooperate with non state firms, allowing valuable flexibility. But the growing importance of collective, private, and foreign-invested firms should be considered. It implied two tier pricing system for most goods. The greatest advantages of the dual as opposed to single track were that there was the introduction of free trade. In this system there were tax holidays that further encouraged more foreign investments. In respect to this the dual was evidently better than one single track system that was not as economically viable because single track meant the entire economy was planned. Planned economy in a way reduced investments and discouraged free trade. 4. Why is there a huge discrepancy ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Chinese Economy Assignment Example | Topics and Well Written Essays - 5250 words”, n.d.)
Retrieved from https://studentshare.org/macro-microeconomics/1398655-chinese-economy
(Chinese Economy Assignment Example | Topics and Well Written Essays - 5250 Words)
https://studentshare.org/macro-microeconomics/1398655-chinese-economy.
“Chinese Economy Assignment Example | Topics and Well Written Essays - 5250 Words”, n.d. https://studentshare.org/macro-microeconomics/1398655-chinese-economy.
  • Cited: 0 times
Comments (1)
Click to create a comment or rate a document
ib
ibrahimdouglas added comment 1 month ago
Student rated this paper as
I didn’t know how to start my text. "Chinese Economy" helped me out a lot! Especially the list of resources was valuable.
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
International marketing
Segmentation depends on a number of issues such as price of commodity, religion, cultural beliefs of the surrounding community, and location of the market itself (Pooler, 2002). The basis for segmenting markets depends on the geographic and demographic factors among others.
3 Pages(750 words)Assignment
Summaries on Chinese Yuan Currency
In terms of investment in Asia there is growing worry about state banks. Still, Andrew Sullivan indicates that China’s domestic economy has experienced strong indications and has attempted to eliminate speculative practices. In addition, there is a great amount of money that is not stored in the banks and remains in the hands of the people.
8 Pages(2000 words)Assignment
Chinas Economy
China’s Economy China’s Economy China has achieved a miraculous economic growth, which has ensured that the country enjoys economic dominance and might surpass the United States. According to Subramanian, (2011), ECONOMIC DOMINANCE IS THE ABILITY OF A STATE TO USE ECONOMIC MEANS TO GET OTHER COUNTRIES TO DO WHAT IT WANTS OR PREVENT THEM FROM DOING WHAT IT DOES NOT WANT.
3 Pages(750 words)Assignment
Chinese Economy
As a result, there are numerous complaints in the World Trade Organization (WTO) that invariably rules against China's policy that proves costly and counterproductive to its handsome gains resulting from its WTO membership. In June 1980, the Ministry of Foreign Trade and Economic Relations enacted the "Interim Rules on the Export License System." The document stipulated that firms that engage in export business must file in advance applications to the Ministry of Foreign Trade and Economic Relations or the foreign trade administrative departments under in the various provinces, autonomous regions and municipalities directly under the central government that have been authorized by Ministry
4 Pages(1000 words)Research Paper
Week 4 Discussion - INTL 5645
China has been accused of stifling the creativity of its professionals. China’s economic growth has been unprecedented (Hu, 89). The country has grown at an average of 9.6 percent from 1990 to 2010. The
2 Pages(500 words)Assignment
Chinese women in globalized economy( Chinese women in marriage, family planning, and family responsibilities)
As interactions between international populations continue, local cultural practices are being abandoned while others are changing through the influence of foreign cultures in China. This paper talks about
7 Pages(1750 words)Assignment
International Political Economy
ome powerful strengths, which will be referenced later, the reality of the fact is that it takes a rather fanciful view of the way in which global affairs and international relations will be conducted in the future. Ultimately, the author, Mark Weisbrot, view the reality of the
13 Pages(3250 words)Assignment
Wrting assignment
This paper will describe various economic aspects of China. As per reports, China achieved a nominal GDP of $9.182 trillion and a PPP GDP of $13.395 trillion in 2013, and attained a strong GDP growth rate of 7.4% for the first quarter of 2014 (“China GDP..”). As
3 Pages(750 words)Assignment
Undecided
The paper attempts to explore china’s current economic status and the policy options that it may adopt to come out from the difficult economic situation that it faces currently. Gross Domestic Product (GDP) is a good measure of economic growth in any country.
4 Pages(1000 words)Assignment
Business strategy in Chinese restaurant
as emerged as one of the most successful Chinese brand of hotspot restaurants by integrating the traditional cuisine of Sichuan style with the contemporary taste and preference of the customers. The restaurant chain have become widely popular in the last 18 years and
8 Pages(2000 words)Assignment
Let us find you another Assignment on topic Chinese Economy for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us