China's Modernization Is The Greatest Industrialization Story That The World Has Ever Seen

Currently there are around____ ghost cities in China capable of holding around_____ people. These ghost cities have and will most likely remain vacant because the avg. cost to rent or by one of these newly constructed residences is far above what the avg. Chinese is capable of affording. Despite the rampant vacancies the Chinese government still continues to fund massive construction indicatives.

Part of China’s failure to have an Industrial Revolution caused by its labor-intensive system along with its attitude toward globalization. Because of the labor-intensive industries, China lacked the experience of institutional innovation and was unfitted for intensive technology development (Cohen, pg. 1534). During that time, China and England were the two strongest contenders in the competition toward becoming a global power. For many centuries, China’s massive market and capacity for manufacturing were exceptional. The continuous population increase urged its rulers to put an emphasis on developing efficient agricultural techniques and domestic trades. China’s ability to prosper was a phenomenon of that period. Its labor-intensive agricultural

From those pictures, we can see that in last several decades, shanghai changed a lot. The buildings became higher and more fashion. The roads became wider and firmer.

The China Boom: Why China Will Not Rule the World, by Ho-fung Hung. New York: Columbia University Press, 2016.

“Dear Scott, you are about to embark on the ride of your life, so, buckle up dude,” writes author Scott Kronick in the opening line of a letter his younger self. “…When you have the chance to move to China in 1995, jump at this. It will be an inflection point in your life you will not forget.” Kronick, CEO of Ogilvy Public Relations, Asia Pacific, the leading public relations consultancy in Asia, has lived in China for nearly two decades, during which he’s experienced tremendous social, economic and personal change. The Lighter Side of China, while diminutive in weight, is more than an autobiography or travelogue, it’s Kronick’s professionally refined “CliffsNotes” on how to survive 20 years as a foreigner in modern China. They key to it all, to happiness in business and at home, Kronick explains, is to continuously “seek to understand.”

Some of the largest cities in the world seem to have experienced real estate market peaks. Has this phenomena hit The Big Apple? All indicators say “yes”.

Recently, I read Postcards From Tomorrow Square by James Fallows. This book addresses the Universals of Culture by exploring different misconceptions about China and proving them wrong. From exploring the television programming to entrepreneurial endeavors, Fallows tries to paint a new picture of China. In America, we have many preconceived notions of what China and its people are like, but if you explore the country, you’ll see how unique and complex China really is. Three examples of this include: China’s recent industrial boom, China’s game shows, and China’s gambling industry. These each highlight some of the most prominent Universals of Culture in China.

Tourists often have what they believe to where they will visit, such as Western tourists often think Beijing as an old-fashioned teahouse, old Beijing recipes, old customs, or the real Beijing can be found only in the hutongs. They are confused between popular, tradition and authentic Beijing. Therefore, whenever tourists went to Beijing, the reality had bitten them by a real Beijing: cars, bus, trucks, etc. which they didn't want to see or weren't looking for. However, it is a widely-held myth and in seeing the many versions of the authentic that power of this myth becomes even more apparent as of great civilizations past. Authenticity is hard to find and harder to pin down. The city is merely an anthology of descriptions whose truthfulness gets lost every time one travels to seek the truth from the

China’s long and rich history had covered numerous inventions that are still used today. One of these inventions is paper. In 105 A.D, paper making was invented. It was during the reign of Eastern Han Emperor Ho-di when Ts’ai Lun, an official of the Imperial Court, reported that he produced a sheet of paper by cutting the bark of a mulberry tree and breaking it down into fibers. Because of this, he received many compliments for his ability. His invention became popular and was often cited as the “paper of Marquis Tsai.”

The fundamental beliefs of many modern cultures present women and men as equal with the same abilities and functions; however, gender discrimination still seems to persist in some areas of the world. China, specifically, is known for gender segregation in their culture, which stems from their controversial ‘One Child’ policy (Gray). China’s long-term pursuit for global modernization has led to past issues being re-addressed. Their country’s recent demographic, educational, and occupational modernization has forced China to rethink their previous attitudes on female equality. Over the past thirty years, China has begun to recognize the potential economic benefits to their nation when involving women in the workplace and education. From

China is very known for their larger cities. Some don’t even have people living in them, they are called ghosts town cities. Cities that was billet that has nobody living in them, "Photographer Kai Caemmerer became fascinated with these urban plans, and in 2015 he traveled to China to explore and document them. His series, "Unborn Cities," depicts a completely new type of urban development. "Unlike in the US, where cities often begin as small developments and grow in accordance to the local industries, these new Chinese cities are built to the point of near completion before introducing people," he told Business Insider." Most people want their country back and not have cities anymore bc they aren’t getting used. Young men have to buy a apartment

The most populated country in the world is constructing cities with no one in them. Journalist refers to these cities as ghost cities. Ghost cities have a completely built out infrastructure with no one living in them. Many people in the financial world are nervously looking at China. They are building 12-24 small to large cities each year. The concept is to build now and sell later. The assumption is if you built it they will come, but no one is coming. Other city housing markets follow the supply and demand rule, but in China, the prices stay high. Kenneth Rapoza (2015) stated in the Forbes article, “Anyone can build a useless overpass, but it takes China to build a city for a million people with no buyers in sight.”

While the industrialization of the West is highly praised, it seems to be undermined that China and India were able to double their industrial output in less than a quarter of the time. When one is asked about which countries have the highest combined GDP, the long standing powers of the North, Canada, France, Germany, Italy, the United Kingdom and the United States come to mind, but the GDP of Brazil, China, and India equal that of the Northern superpowers . These emerging countries are showing the world that they deserve the spotlight by being the cornerstone economic development in Asia, Africa and Latin America. The emerging powers - Brazil, Russia, India, China, and South Africa -came together and formed the diplomatic to form BRICS. The aim of BRICS was to bring together these emerging powers under one conglomerate to unify their interests and values. But is that obtainable? Each one of these countries are in different states of development, therefore have different interests. For example, a country with a large poor population, such as India, might find more solace in the G77 than China would. With few of their national priorities aligning, it is hard to see BRICS as one homogenous group. Although it may seem like these countries are too different in core beliefs and have their own national interests, BRICS as a whole can act as a mouthpiece for developing countries in the Global South if they remain as an organization.

China is one of the major economical players in today’s international market. China’s economy is the “seconds largest in the world after the United States” (Joseph, 63). This is a striking achievement due to fact that China is a “developing country”. China has achieved a great amount of success through the collaboration of political and economical regimes. The economical growth in China led to “one of the biggest improvements in human welfare anywhere at anytime” (Kristof, 15). Currently, China is experiencing a real-estate bubble. This eventually will hit a climax, disrupting the real-estate market within China. This real estate bubble that China is undergoing is considered one of the "biggest housing

Despite this, it is predicted that China’s further growth may incur a slowdown and could possibly reach ‘historical lows in the short term, with housing construction registering a decline for the first time ever’ (South Morning China Post). Forecasts for the short-to medium-term future of the market remain positive as shown below in the table.