The growth of the Chinese economy has been greatly affected by the new technology with the Chinese being quite fast in adoption of the new technology. Technology has had its role in the economy through…
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A study of rice production yield in 13 rice growing provinces between the year 1978-1984 showed that adoption of technology in production contributed to a 40% growth in rice production while between 1985 and 1990 technology was the sole contributor to increased rice production (Huang 27). The rural economy therefore adopted the use of technology in rice production leading to increased productivity. This shows that technology has a major impact in the economy of china as it has contributed massively to the growth of the major economic sector of china.
Ideally, technology is a key tool for any economy to experience much positive change. This can be in the form of new improved tools of production, adoption in technology in the processing of raw material as well new improved ways of storage to add life to products. Furthermore, technology opens up foreign markets to local investors through the electronic commerce platform that enables trade across borders. The growth in the market size increases demand leading to more productivity to satisfy the growing demand.
The main aim of small upcoming firms is to grow and establish itself firmly in the market. This will enable the firms to compete well in the industry. This can be achieved well through networking. Networking is mainly the use of the contacts a firm has with relevant firms in the industry; this can be in the form of advice for the management of well established firms, suppliers, financiers and other stakeholders who may impact positively to the growth of the firm. This will assist the firm to grow faster than other firms that prefer to stand out alone without any networks.
A study carried out in china where the managers of three upcoming firms were interviewed and three who were successful affirmed using networking while those that did not experience much growth did not embrace networking. This shows the importance of networking for any technology oriented firm. According to a study
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This paper seeks to show the impact of Chinese contract law on foreigners. China has been known for cheap labor, and many investors had flocked the country. The introduction of the new contract law is seen as a major threat to doing business in China. There was a growing need to address social security and protecting laborers.
This paradox has attracted many people’s attention arousing their interest to investigate the strange phenomenon. Upon a close review, of China’s development over the last two decades, this study draws the following five factors as the main reasons behind the sustained the country’s rapid economic growth (the same factors will continue being the impetus behind sustained economic growth for the new giant): To begin with, China started to implement the policy of reforms and opening up to the rest of the world towards the end years of the 1970s.
The year 2001 marked the beginning of a collaboration of China with the WTO, the country became an official member of the organization in the year 2001, the patent legislation in China was amended in the year 1992 and the mailbox system was established. This was done to protect the foreign patents obtained during 1984 and 1935.
Since that time, the nationalist quest to blot out the humiliation China suffered at the hands of imperialist has been a recurring theme in Chinese politics. Almost all powerful Chinese political leaders from the early twentieth century through today have shared a deep bitterness at this humiliation and are determined to restore China's pride and prestige, as well as its rightful place in the world.
Economic dominance can be defined as those countries that have grown or developed in terms of output, industrialization, telecommunication, technology and infrastructure among others. It is argued in the paper that Chinese fast growing economy may overlap United States economy in the coming future and that China may become the dominant country.
With this concern, Chinese Silk Route is reckoned to be the earliest trade routes, which accelerated its growth from second century BC from Xian to Mediterranean. It covers the difference between the regions of east and
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