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

China Economy - Coursework Example

Comments (0) Cite this document
Summary
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-,…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER98.8% of users find it useful
China Economy
Read Text Preview

Extract of sample "China Economy"

Download file to see previous pages The share of China of total accumulated FDI stock in Asia almost tripled within 20 years i.e. from 6% in 1990 – 15% in 2010.
Currency strengthening against the US dollar- the Chinese RMB has continuously appreciated against US dollar from8.27 in 2005 to 6.41 in 2011. The country still continues to run trade surplus as well as accumulating foreign reserves. Its pressure to appreciate the currency still remains strong (Tong & Wong, 2012).
The reason as to why there was no industrial revolution in China is that the brokers as well as tax collectors created a market only for luxurious consumer goods instead of investing in new technologies. “They could use their surplus capital to extend credit at high interest rates or to run pawnshops, but they failed to invest in new technologies that would spur industrial revolution” (133). When Europe built modern infrastructure within Chinese treaty ports, it did not spark industrial revolution since industries were few (Tong & Wong, 2012).
Cultural Revolution was a major drawback since it did cost China economic problems. “Though it resulted to long term economic damage to government administration and factory management as well as the country’s education system” (Tong & Wong, 2012).
4. China adopted an open-ended approach towards its economic reform process because it did not have any books to help them learn the way of un-planning, hence they needed something with no blueprint or detailed plans.
China chose to begin with Agriculture reform step taken by china to start economic reform, which they did through instituting household responsibility system. The reason they chose agriculture was that despite the trial and error reform strategy having work well during the first phases, critical microeconomic measures of reforms failed to lend themselves effectively to the gradualist method through experimentation. Some of these reform measures included taxation, ...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“China Economy Coursework Example | Topics and Well Written Essays - 1000 words”, n.d.)
China Economy Coursework Example | Topics and Well Written Essays - 1000 words. Retrieved from https://studentshare.org/social-science/1689195-china-economy
(China Economy Coursework Example | Topics and Well Written Essays - 1000 Words)
China Economy Coursework Example | Topics and Well Written Essays - 1000 Words. https://studentshare.org/social-science/1689195-china-economy.
“China Economy Coursework Example | Topics and Well Written Essays - 1000 Words”, n.d. https://studentshare.org/social-science/1689195-china-economy.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF China Economy

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 – 2009 china like the other developed nation saw a downfall in its growth but the recovery system was very...
6 Pages (1500 words) Research Paper

Current State of the Economy in China

This paper presents a thorough analysis of the current state of the Chinese economy. The main focus of the paper is on the potential of foreign and domestic trade activities in the country. Impact of the reforms in the economic policy, pertaining to the trade sphere, is also considered.
The Chinese government in respect to foreign trade has worked to render some potential changes in this sector by removing some essential barriers pertaining to tariffs, and also reduced the level of monopolistic interventions of the different Chinese states. Even the foreign trade policies in relation to the export and import activities have been reformed by the Chinese government in terms of liberalizing the import licenses and enhancing the...
17 Pages (4250 words) Research Paper

Dissertation:Marketing in the Olympic Games:What are the active effects of 2008 Olympic Games of China Economy( part2)

...Chapter 3: Methodology: According to Saunders et al, defining the aims and objectives of the research study is important to generate evidence of the “the researcher’s clear sense of purpose and direction.” (Saunders, 2003:25). This research study has set out to examine the impact of the Olympic Games in China in an economic sense. Since this is primarily reflected through an improvement in tourism and its related economic benefits, the focus of this study will be to assess the impact of hosting of the 2008 Olympic Games in Beijing in terms of its impact on the tourism sector although the overall effect on its economy is also a part of the path that will provide the answers to this question. Saunders, Lewis and Thornhill also state...
10 Pages (2500 words) Essay

The effects of revaluation Chinas currency to the us and China economy

...Yuan Revaluation: Its Impact on the Economy of China and U.S. Chapter 2 Review of Related Literature Introduction The United s and China has been going on at each other for the last 5-6 years regarding the currency situation of China. The United States has been claiming that the renminbi or more commonly known as the Yuan, is undervalued compared to the U.S. dollar, thus resulting in disadvantages for the U.S. economy. Other than the U.S., there are also other key players (the likes of Japan and E.U.) that are pressuring the Chinese government to raise the value of their currency in order to solve the trade imbalance between the Chinese and foreign products. However, the Chinese government has stated that no foreign pressure could make...
20 Pages (5000 words) Essay

Economy in China

...CHINA An ancient civilization and an emerging economic powerhouse in the heart of Asia, China has quickly developed into one of the strongest economies in the world. Chinese products can be found all over the world from Athens to Zurich and since its cautious embrace of a more market-oriented capitalist outlook, the modern People’s Republic of China has exhibited phenomenal economic growth. China today represents a new form of economic development and this country has witnessed sustained financial growth while resisting pressures to democratize and has continued to develop inline with Maoist socialist thought. How has China developed over the past century? Importantly, what is China’s economic growth experience over the 1977-2007...
1 Pages (250 words) Essay

Emerging Market Economy; a Case of China

...Essay on an emerging market economy; a case of China. Insert Insert Insert Executive summary China has had a rapid economic growth in the last three decades since the initiation of economic reforms in the year 1979. This fast rate of economic growth has caught the worlds attention, and China is now a strong emerging economy almost closing the gap between it and the United States of America. It has become a major world economic power. There has been a tremendous improvement in the macroeconomic indicators over the past decade. From 2004, the Chinas GDP has been growing steadily at the rate of between 9.9% and 10%. There has also been a positive growth in net export, increase foreign reserves and of great significant increase in the outward...
10 Pages (2500 words) Essay

The economy of the Republic of China

...How Successful Has the Government and the Central Bank Of China Been In Running Its Economy over the Last Two Years? The economy of the Republic of China has been growing extraordinary over the past ten years raising concerns from economic experts of the effects that will result when the growth rate decreases. 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. The population of the country is one of the elements that has enabled the prosperity in manufacturing since a cheap pool of labour is readily available thus firms have to cut operational cost while conducting business there. Currently, China is the second largest economy in the world...
4 Pages (1000 words) Essay

Economy and Business of China and Belgium

... most automobile manufacturer (Wang, N/A). Chapter 3 Conclusion Multi-national corporations (MNCs) integrate the trade of China at government level, venture and engineering strategies into their countries and manufacturing judgments. A Chinese company should look in to all aspects in order to proceed with international joint venture with a European MNC. Variance between the European MNC and Chinese firm may lead Chinese towards more easy-to-go system. China's regulation regarding automobile may perhaps weaken the long-term capability of Chinese players. An active automobile industry encourages other factors of the economy, consisting the plastics, rubber, steel, glass and rubber industries (ACRC, 2005). 3.1 Patching up the cultural...
12 Pages (3000 words) Assignment

China and Chinese Economy

...CHINA and Chinese Economy Thesis The spurt and growth of the Chinese economy in the last decade is ambitious albeit controversial. Introduction China is a socialist economy. Although growth in China’s economy is spurred by globalization, this country has not experienced its full potential due to its unwillingness to completely or even in good measure open up its economy to imports, especially import of Hollywood movies. 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...
6 Pages (1500 words) Research Paper

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 aspects, this essay will review the world politics on international business causing conflicts...
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 Coursework on topic China Economy for FREE!

Contact Us