Real Estate Literature Assignment 1A Summary article “Rapid urbanization in China: A real challenge to soil protection and food security” (Chen, 2007) Abstract: By researching the last two decades of accelerated economic growth and urbanization boom in China, the author points out that accelerated urban development has led to a decrease in the quality of the soil and also the shortage of agricultural land. China is now faced with one of its greatest challenges: sustaining the economic growth and urban development while finding ways to protect the bio environment and assuring enough agricultural land in order to feed its people. The analysis is based on official statistics obtained from the Chinese Academy of Sciences and data derived from
In the last three decades, China has been transformed into the second largest economy in the world, in terms of GDP or gross domestic product in 2010; along with that it has also become the highest consumer of energy in 2009. As per the report by Chen et al. (2013) the total energy consumption of China reached to 2.43 billion tonnes of oil equivalent in 2012. According to the same report, the energy consumption of per-capita GDP has risen by 1.4 times higher than the world average. Every growth comes with a price and in China; the population has paid with the ill effect of pollution on the health of the people in China.
As the reason of China economic growth is based on international sector, China should maintain its long-term partnership with trade partner’s .A durable and suitable international economy and reliable political environment will enhance for the sustainable growth of China’s economy. A stable and favorable external economy and political environment will be critical for the sustainable development of China's economy. In another context, any country that is looking to adopt globalization cannot afford to neglect this country economy in
There were five main leaps (in which investments surpassed 20%) and four retrenchments. During the so called the First Five-Year Plan 1953-1956, China could achieve rapid transformation and economic growth thanks to the Soviet developmental assistance and Big Push strategy. The capital was Soviet while the revenues were in favor of non-experienced Chinese. Two economic peaks were there, the first was due to the application of the mixed economy. The state granted space to the business and household agriculture sectors while keeping them under its fist through agricultural cooperatives and governmental contracts.
There was disparity in income, imbalance in structure of employment. Other problems faced by China were- • Huge traffic jams due to increased number of cars • Threats to health due to pollution and unhealthy lifestyles • Unsafe food due to lack of systematization and standardization in food industry. • Water shortages • Limited supply of land as the land use in urban areas reached its limit. To make the Chinese cities livable and sustainable, it requires strategic and timely responses. It is essential to have a balance of economic, social and environmental policies.
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
The regional development policy as a result of the reforms have also caused the rise of income disparity among China’s provinces, with a difference being seen when comparing coastal provinces with those in the inland. In regards to the role of work units (danwei), earnings and benefits are more equal among workers than across danwei. Therefore, even with the post 1978 economic reforms, the role of danwei was not diminished and it still remains as a tool for social stratification in contemporary China, since one’s earnings and benefits are dependent on the financial muscle of their
China's economic growth over the past few years and change/ introduction of policies have always played an important role.China is a developing country whose certain policies like the one child policy (now the two-child policy) had led to a rise in certain issues.The government designed this one- child policy to deal with certain socio-economic problems like population control. After a brief introduction of the economic history of China, I will focus on the one-child policy which was introduced and then changed to two child policy. This was brought up as even to this day, population in China is increasing and it is a major problem.Population planning is an integral part of the economic and social developmental plans of China.1 Policy makers
Impact of economic reforms on Chinese urban and rural population China’s economic reforms have brought about dramatic economic growth. According to Chow (2004), “the average rate of growth of real GDP in the first two decades of reform was about 9.6 percent annually.” However, the reforms have also contributed to an increase in inequality within China. This is supported by the estimates Wang (2008) drew from the World Bank which show that China ranks third in income inequality in the world in terms of the Gini index in the 1990s. The economic reforms began at 1978, which saw a rise in private sectors. Prior to the reforms, more than 95% of the urban population work in state-owned enterprises (SOEs) and collective sectors (Wang, 2008).
Compared with earning wealth and fame for myself, I would rather make contributions for the development of the whole society, because that can bring me more sense of satisfaction. Thus, the future prosperity of China concerns me. Apart from that, the rapid development of Chinese economy has a profound influence on China’s relationship with other countries and many aspects within itself, among which law takes an essential place. I took participated in many volunteering activities, from taking care of autism children and left behind children to teach adults English. From these experiences I developed a strong sense that although economic prosperity plays an important role in society, yet what makes the public have the sense of happiness relies on the solid protection of their rights entitled by various laws in China.