Abstract: Since 1979, China changed it economy system, the economy has made great progress.After more than 30 years of rapid development, China 's economy has achieved unprecedented achievements. In 2010, China become globe’s second ranking economy. But as the cost of economic growth, China accumulated increasingly sharp contradictions. This paper shows the advantages of China 's economic system compared with the general market economy through its achievements. And find out the deficiencies and solutions based on the economy problems.
Key words: Economy, China, Problem, Achievement, Reform
Introduction: There is no doubt that China has made the most outstanding achievement in developing countries since 1980s. Even if it does not incorporate
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For example, China has built the world’s largest bullet-train network(qz.com), but “California’s bullet train development hits another snag.”(economist.com).American companies limited by price increases and voters discuss with …show more content…
It is not unique to China. The existence of the gap between the rich and the poor is reasonable and necessary. Because in the market economy, competition is inevitable. The existence of gaps will lead to competition and promote economic development.
China need to keep market-oriented reforms, gradually increase the number of middle class to fill the gap between the rich and the poor. Improve social welfare and let more people enjoy the achievements of economic development.
3.2 Economic System Reforms
“Market forces will be given a greater role in the economy through wide ranging deregulation. Already 221 administrative approval procedures have been removed”.(Pathfinderfoundation.org) Chinese government will gradually reduce the effect on the market.On the other hand, Encourage private enterprises to enter the fields of national defense ,mobile communication, energy and other fields.
Conclusion:
Facing the current complex international economic situation, the future development of China 's economy still needs continuous deepening reform.
While maintaining economic growth, government should reduce intervention and let the market play a role of resource allocation. China 's "characteristic" market economy will become more close to the real market
The Chinese civilization from 100 C.E. to 600 C.E. rose as one of the major unified empires. While this society grew, there were aspects of culture and politics stayed the same but many changes also occurred. As the empire developed, family units and social classes remained stagnant. Despite these continuities, changes such as the popularity of Buddhism within society due to Indian missionaries and a shift in political rule occurred. During the time period 100 C.E. to 600 C.E. the family unit system remained intact despite the intellectual advances.
The Tiananmen Square rebellion had an immediate effect on China’s foreign relations. “Together with its allies, the United States quickly imposed a series of diplomatic and economic sanctions against China” (The National Bureau of Asian Research). With declined tourism and withdrawing foreign investments, China’s GDP growth rate dropped from 11 to 3%. As a result, China wanted to over come the to international isolation, and to rebuild relationship with foreign countries and regain access to international markets and investments. Over time, China has gradually regained the relationship through communication, compromisation, and restored affairs.
As China grew with population and technologies, so did their government. Their military was weak but they had the idea to make iron and steel weaponry. The increase of weapons allowed the Chinese military to have more power over the people. Yet, the downfall of their era was their tactics in controlling their army and the rebellious citizens. As China’s economy and population grows, so does the growth of politics and Urban life styles.
With the unbelievable speed of the development of the national transportation system and the speedy industrial growth, the United States was undergoing an incredibly economic growth during the late nineteenth century. The railroad rapidly spread all over the states and the middle class was experiencing remarkably prosperity. But behind the beautiful and glamorous cover, in the shadow of that age, the poverty of the labors; the corruption of the government; the challenges of the American democracy, were latent crisis that made the age gilded. China today is experiencing uniquely similarity of the Gilded Age of the US, and it looks exactly like a shadow of it. Highly developing transportation system; booming of the industry; progressive middle-class;
China found itself in a deficient state before the Song dynasty, it took an extremely good managing to be able to engender a high functioning body of government. The success of this dynasty lays on the perseverance that they had in maintaining
t is known that nowadays there is still a big gap between social classes. This situation can be seen in the most part of Latin American countries, propably as a consequence of colonization, when whites and Spanish had the control on the economy, while Africans and aborigins had to work as slaves. Eventhough slavery have been abolided in modern times, the difference between races and classes is still up to date. All this because there are not the same kind of education and job opportunities inside the classes, since the world still gives more importance to connections, money and family position, instead of the human value. This essay will develope these mention causes and provide some possible solutions for it through education and social conscience.
The China economy was affected because of the globalization of silver that cause more people to be alter in ways. Most reasonable result of the silver being global, is the ‘greed’ that was direct towards money alone. People of the era all had thoughts of the changes. In Document 1, by a county official named Ye Chunji, wrote on the greed of the Chinese people. He stated how “The frugal man with only one bar of silver currency can have something left over, whereas the extravagant man with a thousand can still not have enough.”, telling how the men with enough money or silver coins to support their life, is still not satisfied with that amount, yet the men with just one bar of silver can be happy with just that because they can live off that alone for some time.
In the mid 19th century, the Chinese were experiencing extreme poverty and discontent. Prior to the Industrial Revolution, China was a booming economic power, producing a large majority of the world’s goods. But the country fell behind in technology and industry, not understanding how to utilise and distribute their land effectively. Rebellions, such as the Taiping Rebellion, and the military failure of the Opium Wars demonstrated to the Chinese government that reform was required. After defeating the rebels, the government attempted to appease them with the Self-Strengthening Movement.
This eventually led to the decision of Chinese leaders to implement anther reform to eliminate the instability and return a comprehensive healthcare system to the people of China, leading to it’s healthcare system today (Blumenthal,
The problem with the widened wealth gap is that the inequality may harm the quality. Meaning that those in the higher classes see it as you can use the money with no restrictions. However, economist believe that the “relationship between inequality and economic freedom, with the possibility that policies that are meant to reduce inequality will reduce economic freedom, which will then only make inequality worse.”
The process of globalization, and its impact on economic growth have become the defining influence on the development of modern China. China 's integration into the global economic system has been a multifaceted and complex process, and one that China appears exceptionally eager to embrace. Encompassing domestic policy shifts, engagement with both global and regional institutions, as well as bilateral agreements with various countries, globalization has been an impressively orchestrated process initiated by the very top of the CCP. While advocates of globalization tout the growth of China as proof of its merits, analyzing the actual effects on the ground reveals a much more nuanced reality. Globalization has undoubtedly brought China more wealth and power, but it has also generated a host of other effects, both positive and negative.
The final section of this paper discusses the ideological and practical reasons why co-optation with the Capitalists seems the rational decision. The party since the early reform period prior to the Tiananmen Incident believed private business could perform several functions the party and state could regulate ad hoc. It believed private businesses could absorb many of the unemployed, provide a new source of revenue through taxation, and through competition against SOEs, the latter would improve its efficiency and productivity. The main worry for the Party during that time was the rising costs of living, which meant citizens could no longer afford to be unemployed, thus having the private sector absorb the unemployed became an optimal solution.
Advantage and disadvantage The advantage of the mixed market system is that China has open is market towards foreign business therefore creating job opportunities for their people by doing so it has improve their society and the style of living. Besides that, those citizen who works for the foreign companies will incur a percentage of taxation. This taxation is then uses by the government to develop the country by improving their infrastructure such as roads, telecommunications, and public transportation. Apart from that, China is now the 2nd largest economy in world (Jerry w; 2011), (Nation Master; 2003-2014).
The Elephant and the Dragon by Robyn Meredith highlights China’s and India’s industrial growth and worldwide. Meredith describes China’s and India’s history and how both countries went from being poor to worldwide powers. Meredith shows how each of the country’s leaders influenced the fall of the economy and how future leaders led to the rise of economic growth. In each economy Meredith states that the leaders of both countries found themselves with no choice but to change and she describes the inspiration that both countries deprived their ideas from with lead to great change for the government and the people.
These past years China has been developing in many different areas. Zheng Xiuqin, secretary of the China Scholarship Council says that, “The economic growth, stable political environment and international influence has