China’s work force has underwent dramatic change over the last two decades. China’s work force has had much stress put on them from translational companies to make products with high efficiency for cheap. A part of globalization is trade and the global market. China has been a good example on how it can have a negative impact on a countries work force. China was a perfect place for translational companies to export there products from there.
Trade also grew more popular as china’s GDP got higher. The USA and China are now very close trade partners. In 2011, the two countries have traded goods which are worth $503 billion (Morrison). However, China’s rising Economy has also raised the concerns of foreign policymakers as they consider how this increasing economy could affect other countries’ economies and the global world trade (Li). They also fear that the growing economy could also decrease exchange rates on other currencies.
For the past few years, the US has witnessed an unimaginable bulge in its balance of trade in its trade with China. This bulge is however to the advantage of China. The US has been importing commodities from China worth more than her exports to China. Therefore, the trade between these two nations has been yielding a negative trade balance for the US. This negative trade balance is also called trade deficit.
Almost simultaneously, great recession occurred in the U.S. and caused damage to U.S’s imports. This problem probably limited China’s exports, so I assume that great recession is the reason of stagnation and slight decrease. (This argument and argument B help explain thesis statement (c)) D. The WTO brought advanced technologies, which would boost process of specialization in China’s textile industry. (This argument help explain thesis statement
Thus, precarious situation of the Chinese economy in the world is still having a significant impact. Which accounts for the largest portion. First, it’s the instability of the job market. 1.3 billion market as well as a cheap and abundant labor has provided emergence of the Chinese economy. Because of this, many national companies leave their countries by moving factories to China, so Japan, South Korea and Taiwan as well as damage to the U.S. labor market.
Its governing system is worrying and the trend that the nation is undertaking seems to be headed for disaster as opposed to safety (Kenny). China is proving to be a dangerous superpower because its ideologies and policies on international issues do not depict a rational superpower. A superpower has the responsibility to unite nations and promote peace because it has recognition across the world, and other nations are willing to listen to the superpower. China has depicted negativity and lack of interest in uniting the world, but instead taken actions that are bent towards war and terror across the world. In addition, it has gone against the moral expectations of all nations by supporting the countries that violate human rights.
By adopting democratic ideas they might be able to loosen up that tension. Based on recent political and economic reform, China is moving in the direction of democratization. These hopes have largely been quelled by the illegality of a civil society. However, a new challenge to the government is the growing population, the fractured economy and bureaucracy. The main challenge the Chinese government faces is the pressure to continue this rapid growth.
China is a Communist Republic government. This means that the government regulates, sets rules, and runs most business in China. However, the increase in a worldwide economy around the middle of the 20th century caused China to evaluate their government and decide that something must be done to stimulate the Chinese economy and bring entrepreneurs to China otherwise they will be left behind in the forever-growing global economy. In fact, China has changing a lot from the past 30 years, and we can really tell the change. China is a great capitalism country now.
So in some countries, they cannot allow foreign direct investment (Jain, 2015). In Shanghai, there are many foreign investments have left. Because of change, those investors have frustrated about the economy in Shanghai as well as the worse and worse environment. They could not bear the bad weather even in Hong Kong (International Business Times, 2015). We should that China have a great change in economy and abstract lots of foreign company to invest in China.
The Suffering of China as a Result of Economic Growth China, as a crucial country in the world, is suffering from a variety of costs of economic growth while the economic growth is incredibly fast in recent years. A division between rich and poor, unemployment, and various external costs, unbalance of payments, unstable exchange rate consumption of non-renewable resources and the risk of inflation and banking collapse have been the common social problems in China. There is a huge gap between the rich and poor people in China. “The top 5 and 10% of earners in China accounted for 19.8% and 31.9% of the country’s revenue” (by Richard Spencer in “The Daily Telegraph” published in February 27th 2004). Some people enjoy high quality of living in rich metropolitans such as Shanghai.