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Chinese Economy - Assignment Example

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In the paper “Chinese Economy” the author analyzes one of the global economic leaders. As the Chinese government opens its doors to the outside world, China, with its vast lands and a huge supply of labor, is fast becoming one of the world’s most favorite places for investors. …
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Chinese Economy
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Download file to see previous pages As the Chinese government opens its doors to the outside world, China, with its vast lands and the huge supply of labor, is fast becoming one of the world’s most favorite places for investors.
At present, China had developed a hybrid economic structure where half of the economy is still controlled by the government through state ownership of different business establishments and half is now an open market. As one of the world’s leading manufacturers, China is gaining ground. Foreign Direct Investment (FDI) had increased dramatically over the two decades since its economic liberalization began. However, there are important consequences that China must face as its FDI increases. First, China must accelerate integration into the global economy, second, China’s domestic firms must restructure in order to be more competitive and third, China is a regional growth leader, must adopt measures to stabilize economic activities in times when other countries within the region suffer from reduced levels of FDI (Hale 2001). This new role of China in the region is very crucial and it had great implications for its neighboring countries and trade partners.
Aside from being one of the favorite investment areas around the globe, China is also one of the best target markets for manufacturers and service providers. Around 1 in 5 individuals around the globe live in China. With the increasing purchasing power and consumption rate of its people, the consumption of goods and services soared. Proof of this is that statistics from the China Automotive Industry Association (CAIA) shows that China is fast becoming the world’s second-largest automobile market. “The vehicle consumption went up approximately to 5.92 million units in 2005 from 2.731 million units in 2001” (People’s Daily January 16, 2006).
Although China’s economy is bullish, there are downsides to this continuing progress. The huge human population of China is its greatest asset. ...Download file to see next pagesRead More
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