Contact Us
Sign In / Sign Up for FREE
Go to advanced search...

The economy of the Republic of China - Essay Example

Comments (0) Cite this document
The present essay "The economy of the Republic of China" deals with the economic situation in China. As the author puts it, China is a manufacturing hub for the entire world it is the largest manufacturing economy as 45% of the total exports of goods originates from there. …
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER96.7% of users find it useful
The economy of the Republic of China
Read TextPreview

Extract of sample "The economy of the Republic of China"

Download file to see previous pages It has ensured that the resources in the nation are well galvanized to ensure they are projected towards the interest of the state and, in this case, to spur economic growth. However, the same regime has been put into the limelight by Western media of its unethical practices, especially in trade operations. China is accused of undervaluing its currency to ensure its local companies receive an undue advantage over their competitors in the global front. Locally the state runs almost 60% of the manufacturing firms; those enterprises are often favored to ensure they are advantaged over private companies in terms of government regulation and other elements (International Economic Association, Aoki, and Wu, 2012).
Economic analyst and policymakers at the People’s Bank of China have been working to come up with an elaborate strategy that will see the country make a ‘safe landing’ once its economic growth rate subdues. It is a mitigation effort that is meant to prevent the nation from past economic catastrophes that had hit it back in 1985-1989 and 1992-1994 when the constant growth that China was undergoing drastically dropped thus affecting the economic system with massive inflation (Knight and Ding, 2012). It is prudent that trade in the modern world is market-driven; The Chinese government is relaxing its grip on the economy allowing litigations that are aimed to transform the economy to be market-based to ensure it naturally survives economic conditions in the future. ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“The economy of the Republic of China Essay Example | Topics and Well Written Essays - 1000 words”, n.d.)
Retrieved from
(The Economy of the Republic of China Essay Example | Topics and Well Written Essays - 1000 Words)
“The Economy of the Republic of China Essay Example | Topics and Well Written Essays - 1000 Words”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF The economy of the Republic of China

International business: The economy of China

...changes of the company experiencing growth because of the existing political situation in China. The economy of China is good and this increases the chances of the company achieving good levels of business. (1) reveals that unlike the communist China, one important feature of the economy of the modern-day China is that it is based on private ownership of property. Being a private company, the economic climate of China is good for establishment and growth of the company in its overseas target market. The average economic situation among the Muslims specifically is also good and this means the company...
5 Pages(1250 words)Assignment

The Rising Economy of China

...?Introduction: The journey of China can be well described as from pauper to king. China was a stagnant poor country but today it stands as one of themost powerful economy in the world within a span of just 28 years. The analysts define such huge success as the greatest success story economically in this new era. Economic reforms came into being in the year 1979, since then if we see, we get that the rise of GDP for China was 9.7% annually. Economic size of China since then has increased over eleven times the per capita growth of the GDP was over eight fold. The world ranking of China in trade rose from 27th to 3rd. However, from 2007 –...
6 Pages(1500 words)Research Paper

Confusianism in the People's Republic of China

...? Confucianism in the People’s Republic of China Confucianism is a philosophy in China that seeks inspiration from the mythical past. It is based on education, respect and hierarchy. It was established with the intention of reducing the wars and conflicts that took place in China. According to this philosophy familial relationships are the foundation of the society (Makeham 55). Children are expected to dedicate themselves to their parents in both their actions and thoughts from childhood to adulthood. However, this has been significantly eclipsed by the Western practices and thoughts as majority of the families in China are influenced by modernization....
7 Pages(1750 words)Essay

Republic of China

...According to the CIA fact book, 20% of the world's population live in the People's Republic of China It is also impressive in size as the world's fourth largest country, after Russia, Canada, and the United States.2 China also boasts the world's second largest economy, second only to the United States, although the average Chinese citizen is very poor.3 Chinese history is even more impressive. They have a rich and varied history that stretches back to 2000 BC. The Chinese are credited with everything from inventing gun powder to helping spur, with their spices and silks, the trade and exploration which resulted in the discovery of North and South America. What makes...
15 Pages(3750 words)Essay

Government of the Peoples Republic of China

..."Governance of the Government of the People's Republic of China (PROC) in the Context of Countryside Development in the Post-Mao Period" Introduction The emergence of China, hereinafter referring to the People's Republic of China (PROC), as a world economic power gives birth to many opinions and assumptions. Prominent line of thought is reflected by the notion that "people in China are much better off than they were fifteen years ago. This presents opportunities and challenges for the regime." This, like any idea for that matter, warrants further scrutiny. This connotes to the effects of Chinese governance to the uplifting of its peoples'...
5 Pages(1250 words)Essay

People Republic of China Constitution

... People Republic of China Constitution 1982 China is one of the countries with the longest histories in the world. The people of all nationalities in China have jointly created a splendid culture and have a glorious revolutionary tradition. Feudal China was gradually reduced after 1840 to a semi-colonial and semi-feudal country. The Chinese people waged wave upon wave of heroic struggles for national independence and liberation and for democracy and freedom. Great and earth-shaking historical changes have taken place in China in the 20th century. The Revolution of 1911, led by Dr Sun Yat-sen, abolished the feudal monarchy and gave birth to the Republic of China. But the Chinese people had yet to fulfill their historical task... of...
8 Pages(2000 words)Essay

The Economy of Irish Republic

...How successful has the government of the Irish Republic been in running its economy over the last three years Describe and evaluate the main macro economic policies used by the Irish government over the last 3 years The successful trend of economic growth in Ireland is not just confined to the recent years but has been there for a few decades in terms of per capita growth and employment levels which has been well above the normal EU average figures that represent "Economic success" particularly over the last decade. (Christopher T. Whelan 2007).In 2004 alone the GDP stood at 138% (2004) which meant that it was the second highest in Europe. The monetary position of Ireland was already improving even...
8 Pages(2000 words)Essay

Peoples Republic of China

...People’s Republic of China Introduction The People’s Republic of China, also referred to as China, is the most populous country in the world with over 1.3 billion people. The East Asian country is the world’s second largest by land area measuring about 9.6 square kilometers. With the 1978 economic reforms in the country, it has come second to the US as the largest economy globally. It has been cited as the leader in exportation and importation of goods and a possible superpower in the making (Clair and Norris 1). It therefore becomes a key player in international business, trading with various countries around the world. Indeed,...
8 Pages(2000 words)Essay

China Economy

...Indicators of Chinese current economic strength Growth in GDP- the reason for choosing GDP is because it has grown by a great margin when comparing 1978 and 2010. “In the year 1978, it was US$230 only and in the year 2010 it had grown to US$4000” (Tong & Wong, 2012) this is a very wide margin. Increasing exports-, this is a major indicator of China’s improved economy. The country itself has a large internal market and given that its produce is becoming more export oriented, it is a good indicator of economic growth. Growth in inward FDI indicates economic development in China. A country with a poor economy will no attract foreign investment. The share of...
4 Pages(1000 words)Coursework

Economy of China

...are lessening in terms of legitimate administrations where independent federations are performing as the principle power over their respective regions (Kojima, 2002, pp. 1-2). A similar notion can also be held true in the context of China’s relation with major global powers, including US, UK and other countries. On political and economic grounds, serious economic conflicts have transpired in recent times between China and other economies, especially those concerning US on numerous aspects. Besides, Chinese economy is also facing problems which are likely to have profound impact on the world economy (Xuetong, 2010, pp. 267-269). Considering these...
8 Pages(2000 words)Research Paper
sponsored ads
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.

Let us find you another Essay on topic The economy of the Republic of China for FREE!

Contact Us