Table of Content Chapter One 3 Summary 3 1.0 Current Economic Situation of China 3 1.1 Current Policy 3 1.1.1 One Child policy 3 1.1.2 Urbanization 4 1.3 Exports 5 Chapter Two 6 The analysis of the process for China in transition 6 2.0 The Analysis of China Current Economic Situation 6 2.1 Urbanization 7 Source of Money 8 Price of Real Estate 8 Household Registration System 9 2.2 Exports 9 2.3 The Human Capital Analysis 10 Future discussion 11 References 12 Chapter One Summary 1.0 Current Economic Situation of China As one of the largest countries, china may attract a lot of attentions from the westerner and major countries in the Asia. The fast development of China economics can be seen from the GDP growth. However the growth of GDP is quite fluctuated, China economic was unstable which can be observed in some periods such as Cultural revolutions and the economic overheated in 1993. Moreover, there is a ten years of golden time for China to enjoying the prosperity of economic development since china entered in WTO. As a result, China has an average of 9 percent of GDP growth in last decade. The benefits of economics growth which are the development of Small & Middle enterprise (SME) and the manufacture industry can be seen from the opening policy during the Deng`s period. It is the backbone of the sustainable growth of China economics. With the development of manufactory industry, it provides the opportunity to enhance the competitive advantages to compare with the developed countries such as US and Japan. On other hands, there are many scholars are interested to know the future development of China economics. Is that possible to have a continuing growth in next decade? There are several import... ... middle of paper ... ... ecological agriculture, circular industry and service industry References Fang Zhida, Sheng Chengmao and Yu Xiaohong, (2002) "Progress of urbanization in China and its real estate investment", Property Management, Vol. 20 Iss: 2, pp. Chris Leung (2013) “China in transition” DBS Lin, Y. (2005), On the Approach of Economics, Peking University Press, Beijing Chen, A. (2006), “Urbanization in China and the case of Fujian province”, Modern China, Vol. 32 No. 1, pp. 99-130. Cheng, T.J. and Selden, M. (1994), “The origins and social consequences of China’s hukou system”, The China Quarterly, No. 139, pp. 644-68 Zhang, X.J., Sun, T. and Loungani, P. (2010), “What drives housing prices in China”, paper presented at the 8th HKIMR Conference on the Mainland Economy: The Role of Property Market in China’s Macroeconomics Fluctuations, November 18
With the development of China, the economy of China has become the World’s second largest after the US. On the other hand, the ...
In 1978, China was positioned 32nd on the planet in export volume, yet it had multiplied its reality exchange and got thirteenth biggest exporter in 1989. Between 1978 and 1990, the normal yearly rate of exchange extension was over 15 percent,[11] and a high rate of development proceeded for the one decade from now. In 1978 its exported on the in the world of the overall industry was insignificant, in 1998 regardless it had short of what 2%, however by 2010, it had a world piece of the overall industry of 10.4% as stated by the World Trade Organization (WTO), with stock fare offers of more than $1.5 trillion, the most astounding in the world.
While cities have grown more prosperous due to the economy, China’s rural areas have seen little growth. Many Chinese have migrated from their rural homes to cities in order to gain better prospect for a job so they can take care of their families. Some even migrate to foreign countries for better economic prospects. It is estimated that the internal Chinese migrant population within China is around 145 million people. Wom...
Chen, Janet Y.. Guilty of Indigence: The Urban Poor in China, 1900-1953. Princeton: Princeton University Press, 2012. Print
China has come a very long way in the past 25 years. China has grown at nearly 10 percent a year over the past 20 years. China's explosion on to the world investment, production and trade scene is the product of its size, growth and openness. This is leading to tremendous changes in the global economy.
In 2008, the Global Financial Crisis broke out; both the American economy and the economy in the West suffered a hard blow. However, a big economy system in the East emerged unexpectedly. China is now able to challenge the America’s decades-long dominant position in economic area. Started during the middle of 1990s, China’s manufacturing industry developed rapidly that billions of exports were floating out, and China was given the title of “the world’s factory”(BBC). By the end of 2010, China with a GDP of $5.8 trillion, surpassed Japan’s GDP of $5.48 trillion, became the world’s second largest economy system (BBC). China also exceeded Japan became America’s largest foreign securities holder. Since then, China has been seen as the US’s biggest opponent in economic field. Some economists even say that in 10 years, China will be the same size as the US economy. No matter whether China is going to reach the US’s economy size in 10 years or not, after forty years since the US first opened trade with China in 1972, America’s economy gradually relies on China’s economy and will collapse without the strength of China’s market.
Urbanization (or urbanisation) is the increasing number of people that live in urban areas. Urbanization has been the result of economic growth for most countries. In fact, every developed nation in the world has gone through urbanization and this is no news to Chinese leaders. To turn the nation of China from being a developing nation to a developed nation, China encouraged the migration of citizens from the countryside to move to large cities and fuel the industrializing nation. Though urbanization has been a process many countries have gone through, China’s urbanization plans are very distinct compared to western examples. The main reason for China’s urbanization distinctions is its sheer magnitude and pace. In this paper, we will review this mass migration, the economic growth, China’s environmental concerns (specifically air pollution) due the urbanization and the focus on industrialization, and we will briefly see China’s newest seven year urbanization plan.
From the 1970s, there has been a wave of liberalization in China, which was introduced by Deng Xiaoping. This is one of the key reasons to the rise of China to be one of the economic giants in the world. In the last 25 years of the century, the Chinese economy has had massive economic growth, which has been 9.5 percent on a yearly basis. This has been of great significance of the country since it quadrupled the gross domestic product (GDP) of the country thus leading to saving of 400 million of their citizens from the threats of poverty. In the late 1970s, China was ranked twentieth in terms of trade volumes in the whole world as well as being predicted to be the world’s top nation concerning trading activities (Kaplan, 53). This further predicted the country to record the highest GDP growth in the whole world.
However in the later years of the Chinese empire, dynasties began to shift towards selecting government officials based upon their merit. From the Sui Dynasty in 581 to the end of the dynastic system around 1911, government officials were chosen based upon their abilities and characteristics, rather than their lineage.3 The selection process, known as the civil exams, insured that qualified citizens would run the country. The civil exams were extremely difficult and were governed by tight quotas and highly specific and invariable material. Even though the tight restrictions insured that the participants were highly qualified, it also had a negative effect. It inhibited the growth of knowledge amongst the selected officials, also known as the scholar gentry.4 The intricacies and implications of this system will be discussed in detail later in this essay.
The rise in China from a poor, stagnant country to a major economic power within a time span of twenty-eight years is often described by analysts as one of the greatest success stories in these present times. With China receiving an increase in the amount of trade business from many countries around the world, they may soon be a major competitor to surpass the U.S. China became the second largest economy, last year, overtaking Japan which had held that position since 1968 (Gallup). China could become the world’s largest economy in decades.
China's development is praised by the whole world. Its developments are not only in the economic aspect, but as well in its foreign affairs. Compared with other developed countries, China is a relatively young country. It began constructing itself in 1949. After 30 years of growth, company ownership had experienced unprecedented changes. Entirely, non-state-owned companies can now be more involved in sectors that used to be monopolized by state-owned companies.
China's growing economy is not only gaining international prestige, but its confidence has soared as it continues to be the world's fastest growing economy for the past three decades. "China's rise as a manufacturing base is going to have the same kind of impact on the world that the industrialization of the U.S. had, perhaps even bigger," stated Andy Xie, a Hong-Kong based economist with Morgan Stanley.
...st and stand in the world. It is predicted that China will one day be the largest economy growing country in world. They continually growing and rebalancing their world to be the best. The growth of economy will depend on the Chinese government comprehensive economic reforms that more quickly accelerate in China transition to a free market economy. The consumer demand, rather than exporting the main engine of economic growth; boost productivity and innovation; address growing income disparities; and enhance environmental. (Morrison, 2014,para2)
The concept of “Ghost town” has been a major issue of concern and debate amongst many countries around the world in today’s society. A “ghost town” is generally referred to a town, city or village that has been abandoned. A town often becomes abandoned due to the towns down turn in economic activity, natural disasters or political issues, which include, government actions and municipal dissolution and local government fragmentation. On a global scale, a small but sizable number of cities are dying, closing down their municipal governments and returning to dependence on counties. [Anderson, 2012] These small cities were defined as ghost towns, as they were emptied of population, as industries moved on, leading to jobs being lost in which put a strain on families as they struggled to survive, giving them no other option other than to leave. However, contrastingly, within china, new urban cities have been classified as “ghost towns” because the cities are unaffordable or simply, the Chinese don’t want to live within these areas. Ghost cities in china have multiplied over the years due to the notion that the Chinese government continue to live by which is “if you build it, they will come” [Watson and Young, 2013]. However, even with this mentality in place the government is still building and residences are not “coming”, minimal or non-existent.
Fischer, Tristan. “What Happens When China Becomes the Largest Economy in the World?” History, Future. Now. Tristan Fischer. 17 Nov 2012. Web. 29 Apr 2014.