China Not Just A Flash In The Pan Essay examples

The purpose of this research report is to provide an overview of China’s economic growth in relation to the long term economic growth drivers. Critical assessment will be made on the growth drivers to determine whether they lead to long term economic growth.

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

Nowadays, China has become the second largest economy in the world. The GDP (gross domestic product) of china was growing at 9.7% per year in average since 1978, which the year of Chinese “open door” politic founded. China also has become the biggest producer and consumer in many key agricultural and industrial markets and the largest FDI recipient among the developing countries. The performance of china in developing of economy is called “china’s economic miracle”, which be studied by many economists. However, there are also bad results with the development of economy in china such as environment disruption, corruption and

China has reached a milestone in terms of achieving its centenarian goal of making China a prosperous nation once again. One of the ways that it has done this is by having steady economic growth even in the midst of an economic crisis. Not only has China’s economy grown, but its standard of living has also improved, it has achieved this by spending 70 percent of its fiscal revenue towards improving people’s standard of living. China has also pushed more anti-corruption reforms and has made efforts towards widening its economy by setting up freer trade.

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.

China as an economy has change rapidly over the past few decades. It has gone from a war struck country prior 1978, in which the economy was greatly effect, to one of the largest

There is a fierce competition for world dominance as China is poised to overtake the United States as the preeminent world power. China’s growing gross domestic product (GDP) rivals that of the US with economists predicting the Chinese economy will surpass that of the US by 2020 (Morrision, 2014; Strauss, 2013). In 2012, China had a GDP of $8.22 trillion (World Bank, 2014a) experiencing an annual average growth rate of 9.86% between 1999 and 2012 (World Bank, 2014b); whereas the US had a GDP of $16.24 trillion in 2012 (World Bank, 2014a) with an average growth rate of 2.15% from 1999 to 2012 (World Bank, 2014b). More than half of the GDP growth in the past decade can be attributed to labor income growth among college educated employees. Even during economic recession, income growth among college graduates had a positive effect on GDP (OECD, 2012).

Currently china is more dependent on the exports and so many parts of the world are facing recession so that the overall Chinese growth will decline.

Almost two decades later, it looks like this unipolar moment is coming to an end. America still has the world’s largest economy, but China is catching up fast. Even if China’s growth slows – as seems likely, if only because such spectacular wealth creation has to slow at some point -- it is still likely to

China’s sudden growth and rise to an economic superpower has affected the worldwide economy, the worldwide environment, and its own private industry in ways that may have longstanding effects for the future.

At present china is the second largest economy in the world and there are many ideas that china is pushing its way to the top however recent forecasts have showed that china will not overtake the US until the year 2028 which is much later than expected, although china’s sudden rise in economic power within the past

Continual economic growth for the past 30 years has allowed China to rise as an economic power. As the Chinese manufacturing industry continued to grow many of the people moved from rural areas into urban centers. The continued economic growth has taken China from a poor country to the 2nd largest economy in the world. Using many of the principals of capitalism China has overcome obscurity and increased exports to the point of drawing a large trade surplus with Europe and the United States. The growing wealth of China has drawn much criticism form the global leaders as trade deficits rise. China has continued on policies of currency fixing and implementation of subsidies that are consistently controversial with the

To begin, an analysis of capital reveals China has overtaken Japan to become the world’s second largest economy. China’s growth rate of 9 to 11 percent annually over the last 20 years, ranks first, with India not far behind at 8 percent in recent years—while the United States, Japan, and Germany have been growing at a steady 2 to 4 percent. China’s sustained high rate of growth is unprecedented in the

Since the Chinese economic reform beginning in 1978, China has witnessed an economic miracle. China’s annual GDP growth has been around 9.5% - 11.5% per year from 1978 to 2013, and GDP per capita has grown to RMB 41,908 in 2013 from RMB 381 in 1978 (National Bureau of Statistics of China, 2014). The opening up of Chinese economy to foreign investments, loosening regulations, and boost of private sectors etc., have all contributed to this economic miracle. China not only supported the growth of the East Asian Tigers, but also was widely considered as the world engine thereafter.

It is the year 2056, and China has become the leading superpower in the world. With more wealth, resources, and manpower than many of the other modern countries combined, China dominates the free market and commerce. The Chinese Yuan has become worth almost as much as the American dollar. In the major cities of China, life is streamlined and fast paced. However, life has remained mostly unchanged for the Chinese farmer living out in the country.