Over the last three decades, China has experienced extraordinary economic growth and development and has been successfully integrated into the global economy. Now ranking as the second largest economy in the world, China’s success has been greatly attributed to the gradual shift towards market systems. Though the overall economic system of China has been significantly revolutionized, the political regime has remained inherently authoritarian and the government essentially monitors the capitalistic practices that occur in many sectors within the country. Nevertheless, this powerful augmentation of the Chinese economic system and the fervent expansion of China’s role in the global economy and political stage has presented the United States with various challenges and risks that could potentially threaten the economic and political powers the United States retains on a global scale. At this time, the economic affiliation between the United States and China is indispensably beneficial to both countries as their trade relations generate hundreds of billions of dollars in profits between the two every year.
FDI inflows continued to increase but there was a small decline following the Asian financial crisis it was back on the increasing radar in 2000 due to China’s WTO accession in part. During the reform period, GDP rose by a whopping 5% and by the 1990s, China had positioned itself as the second largest FDI recipient after the USA. Moreover, among the developing countries, China ranks first as a major FDI recipient and it was responsible for between 25% and 30% of FDI flows to the developing
Modern China is an urbanized, consumerist, burgeoning world power that has created a crude oil bridge to the Middle East. The subtext to modern China is that there will invariably be conflict with the likes of the USA-due to conflicting interests-but the extent of this conflict remains to be seen. Another issue which arises from this newfound hyper-urbanization is that mass discrimination is pervasive in
China is one of the biggest economies of the world and has a direct influence on all the economies in the world. China’s monetary policies are made by its federal bank, i.e. People Bank of China. It regulates all the policies related to money flow within the country. Analysis: People bank of China played a major role in the GDP growth rate of china.
China has been one of the leading countries as far as pollution is concerned. The increased number of vehicles and skyscrapers in the big cities like Beijing, Shanghai, Guangzhou, Chengdu, Nanjing and Chongqing due to their high population of over 5 million, has contributed significantly in increasing the pollution index of China. The essay will discuss some of the key aspects and points pertaining to the increasing pollution in China. Cohort Studies. There has not been a cohort analysis done for examining the pollution in China.
Water and air pollution has damages the material and crop. Crop damaged by acid rain costs 30 billion and 7 billion in material damage. The study in 2003 shows that cost of water and air pollution was about 2.68% of GDP which was 362 billion yuan. After USA, China is the world second largest consumption of energy. Though the reduction of emission of SO2 decreased from 1980, still China is among the world largest polluted country.
Apart from being a large manufacturing hub, China is also a global manufacturer and exporter which has helped to drive its economy. Over the years, China has been exporting high-technology goods. Its electronic exports accounted for 30% of Asia’s total in that industry (Hale & Hale, 2003). At the end of 2010, China has surpassed Japan as the world’s second-biggest economy (Flanders, 2011). Being a dual hub (Hale & Hale, 2003), with high levels of exports and imports, involved in manufacturing and trade, China holds an essential position in the global supply
The people of China have a proud heritage that they carry with them and pass on to their children. China is one the oldest country's on the planet. Ancient China was a superpower for much of its history. That ended after Western nations discovered China and forcibly opened markets in the country. Both ancient and recent history plays a role in how the people of China behave today and lead too much of the communist policies that are still in effect.
Business Culture in China For any foreign country to be able to succeed in China, first they must understand the culture and the people of this country, which has become a industrial giant with a growing economy. But to be able to understand how Chinese do things you need to go back to Confucius time, since Chinese values go way back to this era and this is way they are things such as “guanxi’’ and the fear of “losing face” in a business situation. China doesn't have a good reputation when it comes to business ethics, according to John Hulpke and Cubie Lau there are some factors that contribute to the ethic problems China currently face, the fact that Chinese tend to do business based on relationships rather than a free and open competition
The result was that a number of studies were conducted in China placing education now at the top of the list of priorities. Now education in China was regarded as the security to bring China into modern super-power status. In the first set of Chinese educational law reforms, in 1985, the Department of Education specified that education is the foundation of a modern and prosperous socialist society. The new laws ensured that education would be regarded as at the top of the governmental food chain. The low amounts of funding and long delays would be a thing of the past (Altbach & Knight, 2007).