China 's Economy Characteristics And Its Future Aspects Essay

China 's Economy Characteristics And Its Future Aspects Essay

Length: 1076 words (3.1 double-spaced pages)

Rating: Strong Essays

Open Document

Essay Preview






East Asia Economy Essay: China’s Economy Characteristics and its future Aspects.

Amjad Khaled
2013059024


Metalliferous ores, on the other hand, will slow in the medium term as China’s demand for steel and other metals stabilizes. However, metalliferous ores will remain the fifth biggest import sector in 2030, down from fourth place in 2014. More generally, raw materials will contribute only around half as much to overall export growth in 2021-30 compared to the expected average annual contribution in 2015-20.
Top 5 Hotlist Import Origins
Rank 2014 2030
1 Hong Kong Hong Kong
2 Korea Korea
3 Japan USA
4 USA Japan
5 Germany Australia
*Ranking among the 24 trade partners covered in the HSBC Trade Forecast
Indeed, Australia, a key exporter of iron ore and other raw commodities, will not feature in the top ten fastest growing import origins for China over the next decade, having seen rapidly growing demand from China for its goods exports in the past few years. Instead, imports from Vietnam and India are expected to continue recording the fastest pace of growth (amongst the 24 trade partners in the HSBC Trade Forecast), followed closely by Malaysia. Hong Kong will remain China’s largest import origin, as it remains the key hub to channel products to the Mainland. Korea, the US and Japan will remain key goods origins as well.
DRIVERS OF RECOVERY
• The structural adjustments currently unfolding in China will continue to exert downward pressure on growth in the near term. New housing constructions are plummeting as developers have accumulated significant inventories in recent years. And excess capacity in heavy industry is dampening output growth and prices. However, the Chinese authorities continue to incrementally ease macro po...


... middle of paper ...


... as a step towards the globalization of the Chinese economy and political influence.
Major country relations policy as described by the president of china has been a new field of cooperation with international institution, it represents the sought-after contribution and framework of the Chinese government as the leading economy in East Asia towards more Asian economic and political integration.















Bibliography
customs, G. a. (2015). China balance of trade. www.tradingeconomics.com. Retrieved from http://www.tradingeconomics.com/china/balance-of-trade
HSBC Global connection. (2015). Trade forcasts 2015. USBC. Retrieved from https://globalconnections.hsbc.com/global/en/tools-data/trade-forecasts/cn
LLP, c. &. (2014 august 10). Measures and practices restraining foreigh investment in china prepared for the European Commission Directorate General for trade.

Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »

How significant is feminist art in China and what is the future of it? Essay

- Feminism was a cultural movement born in the late nineteenth century, following the booming of the Industrial Revolution and the formation of diverse social ideologies. Feminism originated in France and then was gradually introduced to other countries such a the United Kingdom and the United States. Feminism was officially introduced into China during the May Fourth Movement and Feminist Art rose up in the Chinese contemporary art scene around 1990s. Chinese Feminist Art is not only different from traditional Chinese female art as it clearly emphasises on female characteristics, but also distinctive from western feminist art in the way that it embraces Chinese culture to the greatest extent....   [tags: Chinese Culture, Cultural Movement]

Strong Essays
1916 words (5.5 pages)

Women 's Preconception Health And The Health Of Future Children Essays

- that women’s preconception health is important to the health of future children; important preconception health changes have been identified, included eating well, stopping smoking, stopping drinking and increasing physical activity; awareness of the importance of good nutrition and not drinking alcohol prior to conception for both men and women has been significantly increased compared to 2002; and, women were better informed about the recommended timing and source of folic acid as compared to 2001....   [tags: Health care, Health, People's Republic of China]

Strong Essays
1063 words (3 pages)

Essay on The Environmental Aspects Of The State Of North Carolina

- The environmental aspects of the state of North Carolina are unlike any other; varying from the ecosystems of the coast to those of the mountains in the west. With such diversity, North Carolina is bound to attract throngs of people, and this vast population requires the use of natural resources. In order for long-term civilization to be feasible, sustainability must be kept in mind. Steps must be taken now in order to reduce the negative impacts which will affect the future. New legislation will play a crucial role in the fate of the environment, and will ultimately determine the future of society....   [tags: Biodiversity, Ecosystem]

Strong Essays
1595 words (4.6 pages)

The Impact of Entrepreneurial Characteristics on SME Performance Essay

- The Impact of Entrepreneurial Characteristics on SME Performance The Small and Medium Enterprises (SME) plays a very important role in the success & development of any economy. According to the SME policy 2007, “SME sector is the backbone of Pakistan’s Economy”. Globally, this sector is the major growing force behind the fastest growing economy of China, in term of contribution to the national GDP, scale of assets, diversification of products and the creation of employment. Similarly, the role of SME is well acknowledged in the other countries such as Japan, Korea, and all other industrialized economies in terms of economic development (Hand Book on Islamic SME Financing Islamic Banking Dep...   [tags: Economics ]

Strong Essays
2395 words (6.8 pages)

The Trade Patterns Of China And Its Prospects Essay

- [The trade patterns of China and its prospects] [Japan as one of the main trading partners] [BA-IB, 2nd Year; Pejman Ziaei, Mihály Prokop, Mansur !gayev] [2012.12.05] Contents Introduction........................................................................................................................................................2 FDI into China....................................................................................................................................................2 The dynamics of foreign direct investment to the economy China..................................3 2005-2010 yy., in $billion...................................................................   [tags: International trade, Investment, Economics]

Strong Essays
1013 words (2.9 pages)

The Possibility of China and India Become a New Global Power Essay

- ‘On the basis of the actual and predicted development of China and India, critically discuss their chances to emerge as a new global power’ The simultaneous rising in China and India as a great power now aroused extensive attention. It has been regard as a fundamental change in geo-economics and geopolitics in the 21st century. Given the rising of international status and potential leading role of China and India in international affairs seemingly indicates an irreversible trend for emerging countries gradually replacing established powers, for instance, Western Europe and Russia....   [tags: development, strategy, affairs, economic]

Strong Essays
2321 words (6.6 pages)

Essay on Foreign Investment in China: The Variable Interest Entity

- ... At the time of research the relevant parties are still operating upon a basis of speculation. However it has become clear that people are becoming progressively more apprehensive in regard to the underlying legal defects of this structure. This has brought many to the conclusion that this rising uncertainty needs to be dealt with before China potentially jeopardises the confidence of foreign investors in its economic markets and loses the key competitive status it requires in order to attract and retain foreign investors....   [tags: shanghai, foreign capital]

Strong Essays
1082 words (3.1 pages)

Characteristics Of The State Within Japan And China Essay

- The characteristics of the state within Japan and China have caused certain implications towards beginning high and low economic development respectably. The Meiji Restoration in Japan allowed the state to control economic growth where the government could take away the benefits of the companies while in China, the Great Leap Forward lead to inefficient production and an economic disaster from bottom-up devolvement there. In this paper, I will argue how the aspects of the Meiji Restoration lead to high economic growth in Japan between 1950-1980 and how the characterizes of the Communist Party lead to low economic growth between 1958-1961....   [tags: People's Republic of China, Communism, Mao Zedong]

Strong Essays
1208 words (3.5 pages)

Cultural Aspects Of Doing Business With China Essay

- Cultural aspects of doing business with China China is currently experiencing economic growth at a rapid pace and it seems everyone wants to do business with them. China is a top contender when it comes to being candidate for a foreign investor and they are also having great success in exportation. China is also being chosen due to what they can provide to large corporations such as being a low cost provider in manufacturing or offering low cost electrical or machinery type items. Though there seems to be a lot of positives to doing business with China, but there are many other considerations one should take into account if they feel China is the right country for them to partner with....   [tags: Negotiation, China, People's Republic of China]

Strong Essays
731 words (2.1 pages)

China's Future Democracy Essay

- Thesis: In viewing China’s political background, as well as the current state of affairs, it is reasonable to predict that China will eventually become a democracy. History Looking back in history, one of the most dominant figures in Chinese politics in the 1930’s was Mao Zedong. Mao is very well known as the leader of the CCP as well as a dictator. Mao was inspired by revolutionary potential of peasantry and wanted to create a revolutionary strategy that would rely on their strength. During the First Five-Year Plan, a period between 1953 and 1957, some of the goals of the communist Chinese government were to increase heavy industrial production, collectivize light industry and retail enter...   [tags: China]

Strong Essays
1837 words (5.2 pages)