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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
Sitting close to the edge of being a “developing” and a “developed” country, China is a difficult country to define neatly. It is a country with an ancient and traditional culture trying to position itself higher within the international community. Plus it is also a communist country that has come to embrace its own form of capitalism to fuel its economy. China’s economic boon has been beneficial to many people within the country. But not to all people within China evenly.
China’s trade with the world grew substantially in the first three decades of the 20th century, marking a historic time for the country. In the 1840s, the Chinese economy was strongly closed; however, when Great Britain and other powerful countries pressured their economy, China was willing to open international trade within their own economy. Over the next 60 years, China experienced a small opening of trade amongst other foreign powers, allowing transactions amongst foreigners allowed. The funded railroad aroused industrialization, as well as publicity and overseas shipping (Yan, 2014). The main reason for moderation in China is because they are so much more focused on production rather than consumption. Last year, China’s consumption accounted for 35 percent of their economy; a little over 10 years ago, it was rated that 50 percent accounted for their overall consumption (Reich, 2010). Foreign exports and imports arose dramatically, increasing the yearly expansion rate of trade to about 7.4 percent. The Chinese economies share in world trade grew a little under 2 percent from the late 1800s to the mid 1900s. By the early 20th century, comparative advantage was presented all throughout their economy (Yan, 2014).
Chen, Janet Y.. Guilty of Indigence: The Urban Poor in China, 1900-1953. Princeton: Princeton University Press, 2012. Print
The writer has given a name of the reference book in the article " The china dream" by Joe Studwell. He has also given an example of Dupont an American investor company in china to make the article easy to understand.
Rawski, Thomas G. "The Rise of China's Economy." Foreign Policy Research Institute. FPRI, n.d. Web. 26 Jan. 2014.
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.
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.
and Culture of China-US Relations.." CHINA US Focus Urbanization Chinas New Driving Force Comments. N.p., 30 Mar. 2013. Web. 11 Apr. 2014. .
The topic of democracy in China is a highly controversial topic. Although China has not democratised, it has done well in the global situation amongst its democratic competitors. Since the path to democracy is different for each country, we cannot expect that China would follow the same path or same model of democracy as the western nations. This essay will look at what democracy is and how it can be placed in a Chinese context as well as looking at the proponents and opponents of democracy in China. It will also look at whether China is democratising by focusing on village elections, globalisation and the emergence of a civil society. These specific topics were chosen because they will help provide good evidence and arguments to the topic of democratisation in China. The main argument in this essay will be that although China is implementing some changes that can be seen as the beginning of a road to democracy, there contribution should not be over estimated. China still has a long way to go before it can be considered that it is democratising. The small changes are good but China still has a long road ahead of itself to achieve democracy.
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.
Finally, the United States political system has a strong structural structure but in China their people always work together to be the best and stand out in the world. It is predicted that China will one day be the largest economy-growing country in the world. They continually grow and rebalance their world to be the best. The growth of the economy will depend on the Chinese government's comprehensive economic reforms that more quickly accelerate China's transition to a free market economy. Consumer demand, rather than exporting, is the main engine of economic growth; boost productivity and innovation; address growing income disparities; and enhance environmental protection.
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.
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.
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.