It is well- known that China has a rapid economic growth over the past three decade. In order to cope with fast changing economy, the China’s labor market has experienced a significant transition from central-controlled labor market to more market-oriented labor market. This was primarily due to the growing importance of private enterprises and foreign investments, and the reform of state-owned enterprises (Chan & Peng, 2011). The new market-oriented market has stimulated the total employment from 170.4 million people been employed in 1990 to 293.5 million people in 2007(NBS, 2007). The growth of employment can be attributed to the generally improved employment conditions since the new labor laws introduced more stringent health and safety standards, as well as minimum wages (Allard & Garot, 2010).
In the 1900’s Chinas view of foreigners was very clear, they didn’t like them. China hated foreigners because of many things, evidence of these can be shown by things that had taken place at the time and cartoon drawings that had been drawn at the time also. Evidence of cartoon’s that showed that China didn’t like foreigners can be found in the “modern world China textbook”; China’s view of foreigners was that they were uncivilized and savage barbarians. They thought that foreigners were cheap, weak and people looking for trouble wherever they could. Evidence of this can be shown by this cartoon which was drawn at the time by China “China’s Fifteenth Century View of a Westerner”
As the modern day economy continues to grow, more and more discussion are emerging revolving around what are the factors that led to the successful economic growth in some countries and one country that has been gaining researcher’s interest is China and the development of Beijing from a third world country in the to a developed and Newly industrialized country today.
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.
Although this sometimes isn’t the factories fault because most of the workers are uninsured so they are denied medical and social services (“China: Beijing’s Migrant 1”). Most of the factories do try to pay their workers by hour at about twenty cents per hour, but some only pay them once a year (Goldman 1). This however is breaking the rule of Labor Law fifty in China, which states that workers must be paid on a monthly basis. The average wage per month is only about sixty-five dollars which isn’t a sufficient amount of money to support an average family (“China: Beijing’s Migrant 1”). These people try to work overtime to earn more money, but often times they are forced to do this regardless (Goldman 2). Chinese workers often work in fear, because they have to ask permission to leave even after their shifts are done and to even go to the bathroom (Goldman 1). The Chinese workforce is starting to realize these problems and they won’t stand for it.
One of the hallmarks of china’s socialist economy made a statement promise of employment to all and job-security with virtually lifelong tenure.They were overstaffed to fulfilling socialist goals and job-security lower the workers ‘motivation to work.This socialist policy was called the iron rice bowl.China’s employed labor force is rarely over 800
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.
Despite extensive criticism, proponents of the measure feel that it has improved life in China. The policy, implemented in 1979, “was created by the Chinese government to alleviate social, economic and environmental problems in China” (Cabrera). Supporters of the policy claim that is has been successful. One measurement of a country’s success is its financial growth and China has seen an improvement in that respect. “With that rapid GDP growth, has come better nutrition, rising levels of education, longer life expectancies, and higher living standards for the vast majority of Chinese people.” (Azubel 2). Unfortunately, that financial growth has had little impact on the isolated farms and villages.
Throughout the past decade, China has been an engaging end for worldwide enterprises because of its low pay rates, however China is still unable to carry out the guidelines for international labor laws. Regardless of the insufficiencies of Chinese law, the legislature now permits strikes. (AFL-CIO 2016) The minimum wage approved by law rates might consider the particular exchanges of a each state, and diverse the lowest pay permitted by law rates might be settled for regions with different financial progress levels and for various exchanges. (Lehman, Lee & Xu November 24, 1993) Therefore, Chinese wages are rising. This is something worth being thankful in both Chinese working families and for laborers in different nations that compete with China in the clothing industry. (AFL-CIO 2016) This shows that even though China is not yet following labor laws for the wages dispersed to their workers, they are continuously improving. Clothing manufacturing consists of more than just
From my beginnings in rural China to my upbringings inside a Chinese sweatshop, labor reform and economic development was destined to not only be a scholastic interest, but also my personal passion and life-long devotion. Walking over the hill of rice paddies tended by the drenching sweat of young children and elderly, I could see the injustice of a city that was rising before me. High rise construction sites were now housed on sacred burial land; local officials now forsook their Maoist ideals of rectitude in exchange for some ill-gotten pocket money; the sunken eyes of exploited migrant workers now widened with unspeakable injustice and inequity; the hands of eager foreign businessmen were now riddled with unimaginable profits at the expense of the innocent blood and tears of my countrymen.
Cheap labor in China can be hard. Workers are only making 75 cents an hour. Migrant worker typically earn less than $130 a month. Once a person gets older they have to stop working since most work in the factories will be hard for them. It is also hard to find mid and senior level managers. Since most of China’s university grads leave within the three years of them working.
The basic wage of frontline workers at Foxconn is only CNY 100 more than the minimum wage (SACOM, 2010). According to Foxconn management, the purpose of the wage increase plan was to stabilize the workforce. But the fact is that the basic wage (which was equivalent to the minimum wage) was insufficient for workers to maintain decent living standards in Shenzhen. Also, basic wages in Tianjin, Wuhan and Kunshan lag far behind the living wage, which makes it extremely difficult for workers to live in such expensive cities on such meagre
China is a growing country; its population is about 1.4 billion, and as of 2014, the Chinese economy is the world’s second largest (in terms of nominal GDP,) totaling approximately US$10.380 trillion, with a growth rate of 7.4%, and the GDP per capita is US$3,619.4. From last century to this century, China has had significant improvements in their economic development. China had been in three major crises during the last century: the 20th century. The Fall of Qing Dynasty, World War II, and Civil War in China, all of them struck China in a destructive way. From the end of the 20th century, China was in a fast-developing mode.
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).
China is known(recognized) (known for having) as one of the oldest civilizations in the world. One of the oldest known civilizations in China is the Xia Dynasty which began in 2070 B.C.E. Overtime civilizations adapt with the surrounding world, but China has always been a very independent nation. One of the most controversial topics that is discussed worldwide being Human Rights, China has been known(notorious for) to disregarding them, even though there are International Human Rights Laws. The Chinese government has developed a system of internal laws regarding human rights, but don’t enforce them on their own citizens. As a result of this, the people of China don’t mind. It is an important part of Chinese culture to be very Patriotic and do what is better for the country and not better for one self. In many other cultures, only a small percentage of the citizens actually want to be patriotic and do what is better for the country, for example, fight in a war. China is a developing country lacking much Human Rights Influence.