Chin The Biggest Auto Market On The Planet

The Chinese president is looking to boost consumption and import as part of efforts to restructure its economy (Hu Looks to Boost China's Consumption, Imports, (April 15, 2011). The Chinese energy consumption has been predicted to soar to 68% higher than that of the USA by the year 2035(China, India to lead energy consumption, (September 20, 2011). Investment spending is also set to increase from $12,633 billion (2011, 48% of GDP) to $29,628 billion by 2030 (38% of GDP) (CHINA - Gross fixed investment (% of GDP) from 2011 to 2030, EIU Country Data). In 2006 China had a rating of 5.00 and was seen ranked at 101st in terms of the degree of economic freedom as measured

The rise in China from a poor, stagnant country to a major economic power within a time span of twenty-eight years is often described by analysts as one of the greatest success stories in these present times. With China receiving an increase in the amount of trade business from many countries around the world, they may soon be a major competitor to surpass the U.S. China became the second largest economy, last year, overtaking Japan which had held that position since 1968 (Gallup). China could become the world’s largest economy in decades.

And with this strong role China has been assuming, so has it been getting stronger by building military equipment competitive with those of the U.S. and drawing narrower a military gap it once possessed when compared to America’s armed forces. Furthermore, China has “displaced the United States as the world’s leading manufacturing nation” in 2010 (US Foreign Policy, pg. 414). Not a surprise since a majority of products purchased in the U.S. carry a label stating, “Made in China.” And predictions hold China as the world’s largest economy by year 2041 (US Foreign Policy, pg. 415). Thus, the fact that China has become an emergence matters. Since the dismantled of the Soviet Union, the U.S. was not challenged, when it came to power by any other competitor, however now, the U.S. dominance in international politics has to deal with a China that has the capabilities to lead the world’s economy.

Globalization has led to an increase in China's populations, because of this increase the number of cars they own has also increased. In China the rate of cars to people is about 58 vehicles for every 1,000 people. Although this may not seem like that much, especially when compared to America, which has

Yet several specters haunt China. To continue economic growth, China’s economy will have to fundamentally shift away from its current orientation toward exports and grow based on its own consumption. Other structural challenges, from taxes and regulation to intellectual property and the rule of law, all must be reformed if China’s economic growth is to continue. China’s leaders will also have to manage an unprecedented level of urbanization, with an expected 400 million new urban residents by 2050. Just as daunting, China’s population is rapidly ageing, which will become a tremendous economic challenge given the effects of China’s One Child Policy and its Bachmann-beloved lack of a Social Security program. Beyond economic and demographic challenges,

As one of the results of globalization, China’s economy has been growing rapidly. China became the second largest economy in 2005 (Allen, J. Qian, & M, Qian, 2005). Due to its movement toward a capitalist economy, the implementation of the one-child policy, and the growing trend of two working parents (McNeal & Yeh, 2003), “the level of affluence of families has continued to grow strongly and a significant business, professional and bureaucratic elite has emerged with resources capable of financing full-fee Western education for their children” (Mazzarol, Soutar, Smart, & Choo, 2001, p. 7).

The rapid rise of China as a major economic power within a time span of about three decades is often described by analysts as one of the greatest economic success stories in modern times. From 1979 (when economic reforms began) to 2011, China’s real gross domestic product (GDP) grew at an average annual rate of nearly 10%. From 1980 to 2011, real GDP grew 19-fold in real terms, real per capita GDP increased 14-fold, and an estimated 500 million people were raised out of extreme poverty. China is now the world’s second-largest economy and some analysts predict it could become the largest within a few years. Yet, on a per capita basis, China remains a relatively poor country.

The purpose of this essay is to show how the economy of China has, and is changing, becoming the second largest economy in the world today. Although China is currently under the leadership of Xi Jinping, this essay will concentrate primarily on the actions undertaken by then President Mao Zedong, followed by then President Deng Xiaoping, (sans mention of Hua Guofeng). Given the relative infancy of Xi’s assumption of power, economic policies still remain largely rhetorical in form. Likewise, the majority of literature concerning economic policies under Xi are largely speculative, often citing strategies and ambitions as opposed to thereby, lacking a solid basis for rational induction In addition to China’s lack of transparency, In addition, it will be shown that the methodology behind the Chinese economy demonstrates the implementation of varying levels of the characteristics associated with the schools of Realism, Marxism and Liberalism. Thus, China’s approach to global trade in the 21st Century is pluralistic, testamentary to the failed economic

Agriculture has steadily declined in China since the economic reforms in the early 1980s. Nevertheless, 43 percent of China’s workers are involved in agriculture. China is the world’s largest exporter of merchandise goods (Eckart, 2016). In 2009, 48 percent of China’s Gross Domestic Product (GDP) came from industry. Although, the U.S. receives about 17 percent of China’s exports, the Chinese government restricts import of U.S. goods and films. China’s natural abundance in Coal made for an excellent source of energy, but proved inadequate to supply the Country’s needs. Consequently, to meet the economy’s needs, China became the fourth-largest importer of oil. “China is the world’s leading producer of hydroelectricity (Defense, 2010).” Even though China’s economy is well on the rise, and projected to have the largest economy in the world by 2030, it is technically a developing country because of its low GDP. With that being said, statistics show that the amount of Chinese living below the poverty line has decreased from 53% in 1981 to 8% in 2001 (Defense, 2010).

China’s economy: $123 trillion, 3 times America’s by 2040 per capita income will hit $85,000, more than double the forecast for the European Union … China’s share of global GDP— 40% — will dwarf that of the United States (14%) and the EU (5%) 30 years from now,” one brief generation. China’s political system is more capitalist than America’s as China is rapidly turning into a capitalist consumer economy. China’s massive investments in education, ahead of America is resulting in the next generation

China is standing on the top of the most developed country-list around the world.China grew rapidly based on manufacturing and industrialization after Mao 's age. Dang made the effective plans of modernization of that promoting agricultural sector, industrialization sector and technology standards and enhancing the military strength.Its role is become vivid as its rapid rise in the aspects of other nation.

China is the world’s number one problem and is the only country that is rapidly pursuing its goals of Americanization (“China FTA”). This is apparent by their overly aggressive trade agreements. It has fourteen free trade agreements in place with countries around the world and is negotiating seven others (“China FTA”). They want to be number one in the world like America and this can only end in a disaster because of the size of its population ("GDP per"). Their current population is 2 billion as compared to United States 350 million (“International Programs”). In order for their enormous population to live in houses like an Americans, “the forests of Indonesia, Burma, the Russian far-east, and Papua New Guinea” would be laid waste to supply the timber (Safina). Each house would require appliances and furnishings and would decimate much of the words iron ore to produce these goods and furnishings. For a Chinese person to have as many cars as an American, they would need a staggering 30 percent more cars than what currently exist in the world to supply enough cars (Safina). The gasoline to drive these cars it would require “98 million barrels” of crude oil per year which is greater than the “85 million barrels” of crude oil already produced (Safina). China’s population exceeds the capacity of the world’s resources

multifaceted role in China’s economic development. At the same time, China’s expanded role in the world economy is

China has rebuilt itself from having an unstable economy, a collapsed government followed by a few turbulent years of corruption and political instability to having the world’s largest population, state-of-the-art technological advances, an incredibly growing economy and several influential leaders. The country has been credited for many inventions indispensable today such as paper, the compass, mechanical clocks, and gunpowder among others and always thought to be ahead of its time technologically. The Chinese government continues to place emphasis on innovation by allowing its people to do research on various subjects such as stem-cell research and gene therapy; these are widely controversial in other

According to a web article posted by The Economist online on Dec 27th 2011, “over the past ten years, real GDP growth averaged 10.5% a year in China and 1.6% in America; inflation (as measured by the GDP deflator) averaged 4.3% and 2.2% respectively”. Foreign direct investments have also been on the rise over the last decade, and consumer spending has been strong. Statistics provided in the case study by Farhoomand and Huang, 2010 show huge annual increases in car sales in China versus the rest of the world. As the world’s 2nd largest automobile producer and market (Farhoomand and Huang, 2010) and with its large population and booming economy, China is a key market for foreign companies, and particularly those in the car industry.