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Chinas Economic Advantages - Essay Example

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The present essay "China’s Economic Advantages" dwells on the economic situation of China. As the author puts it, it still remains a mystery to see China rise from great economic turmoil to being the second biggest economy judging by its gross domestic product, after the USUS. …
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Chinas Economic Advantages
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Download file to see previous pages The Mongols promoted trade in China by offering security to caravan traders who were moving long distances for an exchange of goods and services. They guarded the path which cut from Asia to Russia hence ensuring the safety of caravans from robbers who instilled fear on the earlier traders. The Mongols were united under Yuan and were well organized both in war and in trade. Their emergence reshaped China, rising from a humble nation to one that caught the world’s attention with its commerce and highly advanced technology.
Added to China’s advantage was the fact that it had a large population which provided labor and ready market for its produced goods. Its population offered a great advantage to traders who channeled their goods to China since there was a large market with willing buyers and willing sellers dealing in silk and other products. Slaves were in abundance for exchange.
Another factor which boosted Chinese expansion of trade was the opening of the Silk Road. The Silk Road covered parts of the Middle East and extended to parts of Russia. The road was a convenient way through which traders could transport their goods to and from China to their destination.
Another factor that made China thrive in trade is the kind of political peace it enjoyed under the Mongol’s Yuan dynasty. Being a dynasty with a strong political background, China enjoyed a peace and was free from external attack. The Mongols were an organized lot with a strong military base; a factor which had a direct impact on trade....
Added to China’s advantage was the fact that it had a large population which provided labor and ready market for its produced goods. Its population offered a great advantage to traders who channeled their goods to China since there was large market with willing buyers and willing sellers dealing in silk and other products. Slaves were in abundance for exchange. Another factor which boosted Chinese expansion of trade was the opening of the Silk Road. The Silk Road covered parts of the Middle East and extended to parts of Russia. The road was a convenient way through which traders could transport their goods to and from China to their destination. This was a boost to the growing influence of China as a hub of commerce in the world. Another factor that made China thrive in trade is the kind of political peace it enjoyed under the Mongol’s Yuan dynasty. Being a dynasty with strong political background, China enjoyed peace and was free from external attack. The Mongols were an organized lot with strong military base; a factor which had a direct impact on trade. China’s economic meltdown came as a result of a number of factors. It is important to look at such factors in relation to their effect not only in China but also in other countries that formed part of Eurasian trade. The most known cause for the decline in China’s economic strength is the emergence of the Black Death. It is believed that the plague commonly known as the Black Death began its spread from the Chinese Mongols, spreading all the way to other parts of Europe and many parts of the Middle East (Lin 19). The Black Death also known as the bubonic plague fuelled the collapse of Yuan dynasty. It is ...Download file to see next pagesRead More
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