China Facing the 21st Century

China's ancient teachings and religion helped shape china to its current "Golden Age". Education is mandatory and prized both by the culture and by the state just like Islam believed in it "Golden Age". Hong Kong is the second smartest city in the world because, China believes education is too important. China has third best and the largest military in the world. Over the last 7 years China has developed the best new technology, including a

It is this that has sparked China’s vulnerability to external shocks. In 2011, China’s exports amassed almost $2 trillion, however in Feb 2012, China recorded a $31.5 billion trade deficit as a result of the European sovereign debt crisis in which China’s main trading partners plunged into recession. China’s severe BOGS decrease is an attempt to control growth and a sustained level of 7.5%. Investment policies are also critical for China to achieve economic growth and development. Foreign Direct Investment (FDI) in China is being sought primarily in the redesign of State Owned Enterprises (SOE’s) and in the development of interior provinces. Between 75-80% of World Bank loans to China in 2008 were directed to the central and western regions, the most economically disadvantaged. This promotes increased wealth within China, leading to higher levels of development due to a more positive Human Development Index (HDI), which currently sits at 0.687, up from 0.677 in 2010. Thus, trade and investment are critical factors in ensuring that China’s growth remains sustained at 7.5% whilst still encouraging increases in development.

1. Why are the centuries of the Tang and song dynasties in China sometimes referred to as a “golden age”?

Ancient China’s rich history has a direct influence on the China of the 21st century. First, the immense importance of the cultivation of rice, which became a staple source of food in China for centuries. Next, the primary source of accounts of ancient china comes from the Shujing, which spanned the Xia, Shang, and Zhou empires. Furthermore, The power women could hold reached its heights during the Shang empire, and underwent a downward trajectory during the Zhou empire. Moreover, regime changes have had a unique outcomes in China due to the “Mandate of Heaven” which gave new regimes the control over the civilians of the conquered empires. Lastly, the decline of the Zhou came about from the power of local rulers who began to seek their own interests. Ultimately, the mandate of heaven bears responsibility for keeping China intact for centuries regardless of conflicts and shifts in power.

Mao Zedong, the leader of China during the third quarter of the 20th century, organized two movements in his country in an attempt to develop China 's economy through the establishment of communism. Through The Great Leap Forward, Mao planned to change the layout of the Chinese economy by forcing collectivism on his country and implementing other ways to speed up production. Since this movement failed, he then implemented The Cultural Revolution. It consisted of the same goals but was carried out through violence and was also an utter failure. These two movements failed because of the lack of organization with which they were performed. This lack of organization manifested itself in a number of different ways. The government did not care about their people, the reforms themselves were not planned out in detail, the government did not think about the spontaneity of young people, they did not consider the effect violence would have on their country, they did not realize the decline in education that would result from the participation of students in the revolution, they did not plan well economically, they did not examine the negative effects of communes, and they did not foresee the large number of deaths that would plague their country. Although designed to rapidly increase China 's economic growth through communism, the Great Leap Forward and the Cultural Revolution had the opposite effects and significantly diminished China 's economy. The two direct causes of the failure

Throughout history, China has been the center of many developments allowing for it to establish itself as an advanced society, one that has lasted through a number of dynastic cycles, an attempt towards the creation of a Republic, and still existing, People’s Republic of China, under the rule of China’s Communist party. Throughout this turbulent history China has made much advancement in site of its setbacks and has allowed itself to grow immensely and increase its stature, making it one of the world’s great powers.

One of the things that surprised me the most about China was the types of technology used there. It surprised me that in China people would use not only the same types of technology as us but also for a lot of the same purposes. Here in the United states we have the attitude that everywhere else in the world uses technology differently, and if they do use it the same they don’t use it as often. I learned however, that in China they can be just as dependant on their technology even if it is not for the same reason. There are other similarities between China and the United States such the same kinds of expectations from home relating to education success, though they are a bit stronger of a force in China than here. On the other hand there are

China’s economical strength comes from its international trades as the economy has grown to a rate of 10.3% in 2010. It has become the world’s largest exporter in the global economy. In the

During the time of the initial 20th century, many foreign nations saw China as weak, militarily and politically. Of these foreign nations, America was one that was prepared to capitalize Chinese resources, turning it into a trading post. Around 1898, a coalition of regular civilians got together in hopes of driving away foreign influence in China. They were thoroughly convinced that foreign presence in China would disassemble their way of life. This group, more like a chinese militia, were named “boxers” as they often used varying martial arts’. Around 1900, the empress Dowager publically endorsed the boxers, and their ideology. She ordered the execution of all foreigners within China, including many American families. This action was infuriating

Moreover, after setting up economic institutions and an industrial base, Deng Xiaoping established various Special Economic Zones in China that allowed for increased foreign investment, helping to develop China’s commercial growth. As described before, when Deng Xiaoping came to power, his goal was for China to fulfill the Four Modernizations: modernization in agriculture; industry; science and technology; and defense. Deng believed that the only way China could keep up with Western countries was if China achieved the Four Modernizations. Specifically, in order to achieve the Four Modernizations, Deng had to fulfill a two-step goal. The first stage was to build up economic institutions and to set up a strong industrial base, both of which had been denied to China during Mao’s Cultural Revolution. The second stage of the Four Modernizations was China’s emergence from isolation and integration into the global economy, both of which were crucial for China’s commercial economy to develop. Deng Xiaoping’s biggest accomplishment was his achievement of this second goal. Specifically, the period of time when Deng reformed and opened up China to the world is known as 改革开放, which is pronounced Gaige Kaifang. What separated Deng Xiaoping from other leaders in the past was that Deng’s method of thinking was very pragmatic. He recognized Mao as a hero to modern China, but also believed that some of Mao’s policies were wrong. Deng’s famous quote was: “黑猫白猫抓住老鼠就是好猫,” which translates to

Feeling this was not enough to boost the economic up, Deng loaned money from IMF and the World Bank “to upgrade machinery and establish new manufacturing and industrial development” (Benson, 48). He opened a total of five towns and villages as SEZs and allowed foreign investors to build factories and hire Chinese to work for them. It might not be the best way to reform the economic as a whole, but it played an important role because it benefited the Chinese workers, the investors, and the Chinese government. During the 1980s, Deng promoted the “open door” policy to encourage foreign investment and to trade with the world. China needed larger quantities of raw materials to fuel its industrial growth so they signed contracts for minerals, timer, and so forth. It had not only provided China with raw materials that were needed, but also improved the relations with other neighbor counties and the US.

In terms of geographical breakdown of imports, again the major trading partner is Asia accounting for around 66 per cent followed by Europe 17 per cent and USA 9 per cent. The import/export imbalance with respect to the USA is one of the reasons causing discomfort in Washington

We will begin our analysis of these questions by examining China’s economy at the time of Deng Xiaoping’s accession to power in 1978 and the economic growth strategy he and his successor implemented which ultimately led China to ascension into the WTO. We will then review various conditions imposed upon China by the WTO and how China reacted to those changes and to what extent these lead to China’s current status and interaction

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

The financial crisis in 2008, having resulted from a tremendous bubble in the real estate market as well as highly leveraged banks and governments, has now become a debt crisis and is still an important in political discussions worldwide. Numerous employees have lost their jobs, many companies went bankrupt; nevertheless, there seemed to be one country that stroke off all difficulties and continued growing at an outstanding rate. In 2009 China’s GDP grew by 9% (www.cia.gov), while all other economies faced severe recessions. For many economists, China is an example for superior economic growth despite state-controlled industries and only limited opening of the market. But recently the number of critics has been increasing and there is much