China Since The Beginning Of Term Paper

Length: 8 pages Sources: 5 Subject: Economics Type: Term Paper Paper: #34770772 Related Topics: Economic Stimulus Act, Overpopulation, Macroeconomics, Cultural Revolution
Excerpt from Term Paper :

This is not necessarily because the economy will not develop further, but it cannot remain at the same rate. Besides the problems listed previously that can affect the development of the economy as a sustainable economy, the simple fact that China has been developing at this rate for over 20 years is a reason enough to believe it cannot sustain a similar growth over the next 20. There were extraordinary circumstances that have led to this growth, besides the introduction of different reforms that stimulated the economy.

Businesses and different countries suddenly became interested in such a huge market such as the Chinese one and foreign investments soared in these decades. The reason for which they are still growing is that the Chinese economy is still extraordinarily attractive and has still a lot to show for. However, we can expect a certain point in time when, despite being still a growing economy, it will fail to attract the capital it is attracting now, this being reoriented to other areas of the globe. This does not necessarily mean that the Chinese economy will crumble. As a sustainable economy, it will be able to manage on lower growth rates and will concentrate on consolidation rather than on fast expansion.

So, following through on this idea, it is less likely that something will happen, economically or politically, if the growth rate drops. In my opinion, the main challenges that the Chinese government is facing are related to the economic growth in itself and the consequences that this produces, such as income inequality. A drop in the growth rate will most likely lead to a slow and desired process of consolidation and a new direction from the government in this sense.

It will not have any political reverberations, especially if we look at the fact that politics are still strongly in the hand of the Chinese Communist Party, despite the economic liberalization, and to the fact that these are not necessarily interconnected.

As we have seen in this project, the Chinese economy has sustained an economic growth of around 10% over the last 20 years. This was due to governmental reforms that encouraged private initiative, the creation of privately owned economic entities and the attraction of foreign...

...

The rhythm of growth will most likely decrease as the government will become more interested in consolidating the expansion.

The Chinese government will also need to look into turning this extraordinary growth into a sustainable one with an emphasis on keeping inflation and controllable levels and committing to a flexible exchange rate relative to the most important international currencies.

As previously emphasized, an economic growth needs to be sustainable as well. This is probably where the Chinese government still needs to take measures, especially in controlling inflation and in committing to reducing class discrepancies.

Bibliography

1. Chinese Economy. The U.S.-China Business Council. Published June 2007 on http://www.uschina.org/info/analysis/2007/june-china-economy.html.Last retrieved on August 7, 2007

2. Economic Survey of China 2005: Key challenges for the Chinese economy. Published September 2005 on http://www.oecd.org/document/7/0,3343,en_2649_37443_35343687_1_1_1_37443,00.html.Last retrieved on August 7, 2007

3. Scahs, Jeffrey D. January 2004. Welcome to the Asian Century by 2050, China and maybe India will overtake the U.S. economy in size. Fortune - CNN Money. On the Internet at http://money.cnn.com/magazines/fortune/fortune_archive/2004/01/12/357912/index.htm.Last retrieved August 7, 2007

4. Staff Writers. August 2007. China Economic Boom Polluting Seas and Skies of East Asia. Terra Daily. On the Internet at http://www.terradaily.com/reports/China_Economic_Boom_Polluting_Seas_And_Skies_Of_East_Asia_999.html.Last retrieved on August 7, 2007

Chinese Economy. The U.S.-China Business Council. Published June 2007 on http://www.uschina.org/info/analysis/2007/june-china-economy.html.Last retrieved on August 7, 2007

Economic Survey of China 2005: Key challenges for the Chinese economy. Published September 2005 on http://www.oecd.org/document/7/0,3343,en_2649_37443_35343687_1_1_1_37443,00.html.Last retrieved on August 7, 2007

Scahs, Jeffrey D. January 2004. Welcome to the Asian Century by 2050, China and maybe India will overtake the U.S. economy in size. Fortune - CNN Money. On the Internet at http://money.cnn.com/magazines/fortune/fortune_archive/2004/01/12/357912/index.htm.Last retrieved August 7, 2007

Economic Survey of China 2005: Key challenges for the Chinese economy. Published September 2005 on http://www.oecd.org/document/7/0,3343,en_2649_37443_35343687_1_1_1_37443,00.html.Last retrieved on August 7, 2007

Staff Writers. August 2007. China Economic Boom Polluting Seas and Skies of East Asia. Terra Daily. On the Internet at http://www.terradaily.com/reports/China_Economic_Boom_Polluting_Seas_And_Skies_Of_East_Asia_999.html.Last retrieved on August 7, 2007

Sources Used in Documents:

Bibliography

1. Chinese Economy. The U.S.-China Business Council. Published June 2007 on http://www.uschina.org/info/analysis/2007/june-china-economy.html.Last retrieved on August 7, 2007

2. Economic Survey of China 2005: Key challenges for the Chinese economy. Published September 2005 on http://www.oecd.org/document/7/0,3343,en_2649_37443_35343687_1_1_1_37443,00.html.Last retrieved on August 7, 2007

3. Scahs, Jeffrey D. January 2004. Welcome to the Asian Century by 2050, China and maybe India will overtake the U.S. economy in size. Fortune - CNN Money. On the Internet at http://money.cnn.com/magazines/fortune/fortune_archive/2004/01/12/357912/index.htm.Last retrieved August 7, 2007

4. Staff Writers. August 2007. China Economic Boom Polluting Seas and Skies of East Asia. Terra Daily. On the Internet at http://www.terradaily.com/reports/China_Economic_Boom_Polluting_Seas_And_Skies_Of_East_Asia_999.html.Last retrieved on August 7, 2007


Cite this Document:

"China Since The Beginning Of" (2007, August 07) Retrieved June 24, 2021, from
https://www.paperdue.com/essay/china-since-the-beginning-of-36291

"China Since The Beginning Of" 07 August 2007. Web.24 June. 2021. <
https://www.paperdue.com/essay/china-since-the-beginning-of-36291>

"China Since The Beginning Of", 07 August 2007, Accessed.24 June. 2021,
https://www.paperdue.com/essay/china-since-the-beginning-of-36291

Related Documents
China and the World Trade Organization on
Words: 8173 Length: 30 Pages Topic: Economics Paper #: 75116965

China and the World Trade Organization On December 11, 2001, China officially became a member of the World Trade Organization (WTO), opening the country's doors to change and a new economy. One year after china's entry into the WTO, the country reported great success, showing better-than-expected economic growth and fulfillment of its WTO commitments, despite the shaky world economy. The excellent performance of the Chinese economy was clearly demonstrated by its 8% growth

China-u.S. Bilateral Relationship the Past One Decade
Words: 2957 Length: 9 Pages Topic: History - Asian Paper #: 3117965

China-U.S. bilateral relationship The past one decade of the 20th century has witnessed dramatic fluctuations in the China-U.S. relations. For instance, the Taiwan Strait led to several summit meetings to take place in Washington and Beijing to decide the fate of the countries. Additionally, the decade ended with the relationship facing serious challenges including a U.S. congressional investigation on the contribution of the Chinese government to the U.S. campaigns (Huang 2000).

China's Influence in Africa Though
Words: 3416 Length: 10 Pages Topic: American History Paper #: 65527726

This is true not only in African countries with "dictatorial or authoritarian regimes but in fact China's […] commonly shared roots with African nations […] has struck a chord even with those democratically elected leaders in Africa," allowing China access to even those countries that might at first glance appear to natural allies to the United States due to their democratic form of government. Thus, Africa's colonial past has simultaneously meant

China: The Dragon Awakes the
Words: 1018 Length: 3 Pages Topic: History - Asian Paper #: 1142586

(Finn, 41) China is predicted to become a global power and in the coming polarization of the world there would be triple set of polarization, of the U.S. And the west, China and India being the three big countries that would matter in the world. (Virmani, 208) Japan finds no place in the scale of the magnitude of the countries operations. The projection of China's GDP is a good indicator

China and U.S. Naval Competition
Words: 3353 Length: 10 Pages Topic: History - Asian Paper #: 73432736

S. For its weapons sales to Taiwan. (Janbo) It must also be noted that China's Naval expansion is a departure from what many experts conjectured in the recent past. Like many before, Lee Lai To commented just a few years ago that China, regardless of its even then obvious desire to expand its naval might would be very unlikely to challenge the U.S. In any significant way. To argues that: "U.S. military

China Manufacturing Chinese Manufacturing Industry the Social
Words: 1884 Length: 7 Pages Topic: Business Paper #: 32823557

China Manufacturing Chinese Manufacturing Industry The social group that I choose to analyze is the population involved with the Chinese manufacturing industry. I choose this particular group is because of three reasons. The first reason is China's economic develop is growing rapidly relative to the rest of the world. Another interesting fact is that compared with other countries, Chinese labor is much cheaper yet there is still a high skill level. Because