China Is A Country That Affects The World And The Way People Live

As most observers took it for granted that the yuan was undervalued, one specific study estimated yuan undervaluation against the U.S. dollar of at least 35% based on the price level of goods and services in China compared with those of its trade partners. As a result, there will probably be a sharp appreciation of renminbi if Chinese government switches over from the fixed exchange rate policy to flexible exchange rate policy. A common figure cited for a 20 to 25 percent move of renminbi would be devastating to China, which would cause deflation, cut economic growth, cut off foreign direct investment and would destabilize Asia. On the other hand, other low-cost countries in Asia may benefit from the shift of FDI and production of multinational companies. However, most high-wage countries like U.S. may still face a rising trade deficit because their imports from other low-wage countries would replace products made in China.

Today there are all sorts of products that one could find anywhere they go out. There are electronics, clothing, books, paper, cars, etc. All these products are eventually made with different materials, while others are made out of the same objects. Yes, all products are produced by different manufacturers, and in a different country. In case you did not know most of the products that you find these days come from and where invented in China. China has a great shelf of many different inventions they have done since the ancient times, and on the present days. China is known for their most famous inventions such as fireworks, gun powder, the compass, papermaking, and printing. The Chinese also have some great inventions in the electronics category. There inventions have been increasing really rapidly, that we are falling behind and do not really know any of their recent inventions.

Since the reform and opening up, the economy of China grows significantly, as an emerging economy, China's economy has made tremendous contributions to the global economy, and Renminbi has become one of the most important currency in the world. According to the survey conducted by China National Bureau of Statistics found that from 1979 to 2012, China has attained an annual average growth rate of 9.8% for its national economy, while the annual average growth of the world economy is only 2.8 % during the same period. In past 30 years, China's GDP surpassed Japan’s, China became the world 's second largest economy, in addition, the huge total volume of trade makes China become the world 's largest trading nation. The contribution of China’s

Today’s China is the most populous country in the world and is so one of the most important political and economical forces in the world.

For each item China produces for the United States, it helps China’s economy. China would definately not produce goods if it didn’t benefit them in some way. China’s economy continues to prosper everyday because they continue to produce and sell goods to other countries. Prices in China are a lot cheaper in comparison to the United States. Factory workers do not make a lot of money, but they make good money for the work they do. The average China factory worker makes $500 a month, but keep in mind that the prices in China are lower than the United States. These are the reasons that China chooses to produce goods for the United

One way China influenced the world was through its products that were traded and spread across Europe. A product that was highly sought after and uniquely crafted in China was silk. Silk is an expensive fabric that the nobles and the rich would pay large sums of money to obtain. It was used in some cases as a way to distinguish yourself among others. It also served as a gift, tribute, or peace offering from one family to another.

China, or People’s Republic of China, is a sovereign state located in East Asia. China spans 9.6 million kilometers making it the second largest country by land, only surpassed by Russia with 17.8 million kilometers. China is the most populated country on the planet with 1.35 billion people. Rich with history and tradition that goes back to ancient civilization, China has risen and fallen in power many times over. Within the last 30 years, China has become a dominant global leader once again and this has surprised many analysts due to their rapid success.

China is located in the eastern part of Asia. China has a couple of different climates which include tropical and subarctic. The country is made up of mountainous areas as well as hilly and desert areas. Because of the diverse regions there are many natural resources that come from China. Some of these are; coal, tin, zinc, mercury, iron ore, petroleum, lead, and aluminum. The country is also known to have the highest potential for hydropower. Although China has many positives because of their commodities, there are also negative factors they have to face. These include natural disasters like typhoons and earthquakes, but they also include environmental issues like air pollution and water shortage which could affect their economy (World Economic Factbook).

It is widely believed that the main reason to manufacture in Asian countries is because it's 'too expensive' to manufacture in America even though it would only cost about $60 more dollars to make an iPhone in the USA. It is believed the reason is America doesn't produce enough workers in need of these jobs. It would take months for America to find these workers but in China it would take as little as 15 days.

China which is located in East Asia, is one of the world’s most oldest and civilized nation, which dates back to around more than 10,000 years. China is also recognized as one of the four greatest civilizations because it contained records that date back 4,000 years ago. China was founded by a group called the Shang Dynasty, one of the three historic dynasties. But the Xia Dynasty were the first group of people to prosper and develop in China. Much of China’s culture, literature, and lifestyles has developed over the years and influenced the world today. Not only that, but it is the world’s most populous country, with over 1.35 billion people.

For many decades, China has always been technologically and economically ahead of Europe. The invention of gunpowder, printing, and the compass started in China and was later dispersed throughout Europe. These inventions changed China as much as they changed Europe. These inventions also caused a gap between China and Europe. By the late eighteenth century, industrial revolution first started its spread from Europe.The transformations within Europe began to further accelerate while China was falling behind. In Europe, economic transformation was accompanied by social transformation. The social and demographic changes that were taking place, created the pressure for political change as well. Europe was expanding both demographically and economically, which strengthening their power in the global order. Conversely, China constrained itself from the outside world and focus on internal progresses ranging from agriculture to social classes. Why were industries in China more labor-intensive than those in Europe? In addition to its diverse geography and the belief of being self-sufficient, China struggled to transition to experiment-cum-science-based invention as well as rejecting the opportunity to create bonds and capital markets with other nations.

In 2013, America imported over 440,433.5 million dollars’ worth of goods from China but only exported 122,016.3 million dollars. (U.S. Census Bureau Foreign Trade) If America and other countries trade so frequently with China and rely so heavily on Chinese manufacturing, production, and innovation, then the aspect of currency manipulation within China and its potential negative effects on world trade is a very significant topic of importance and reason to research the subject. Our

The author highlights in this article the issue of China's trade imbalance. According to author, the trade imbalance of China is now vanishing, which he has proved by evidences. The initial paragraphs of the article explain how some policy makers and economists of America blames China and holds it responsible for its Trade Deficit (Trade and Forfaiting Review, 2012). Indeed Americans want to Punish China for hooking the exchange rate to the dollar in 2005, in order to subsidize exports, which resulted in big trade surplus that cost the jobs of America (Wolverson and Alessi, 2011). America has many plans to

The topic of Chinas fixed exchange rate has remained as one of the fiercest subject in global macroeconomics for an extensive period of time. A fixed exchange rate or pegged exchange rate is where a currency value is fixed against the value of another currency, in the example of China, the Yuan or Renminbi it is currently pegged to the US dollar, it has been fixed to the US since 1994 however within the past decade it has been allowed to appreciate a little at a time. But in times of economical difficulties such as 2008 ‘China halted the Yuan’s appreciation as worldwide demand for Chinese products slumped due to the global financial crisis’ (Picardo, 2009), this shows the given Chinas recent economic difficulties government may keep the

Today globalization has an impact on all nations. China is a nation that many rely heavily on. This shows an importance with the economical welfare of China. If China has a downturn in its economy other nations are impacted as well. China contributed “19% of the world's economic growth in 2010, and that's expected to increase to 24% this year” (Miller, What If the China Bubble Bursts?). This depicts the impact that china could have on the economical growth of the world. Due to the economical situations within the United States and Europe, China's growing strength is essential for the recovery of U.S. and Europe. A major issue is "if Chinese land prices plummet, there will be less demand for raw materials and a steep decline in world commodity markets and