Dysfunctions In China

Communism in China as we know has played a major role in the countries political system over the past century. Chen Duxiu and Li Dazhao were the co-founders of the communist party in 1921. At the time China was in a world or turmoil ever since the end of the Qing Dynasty in 1911. For 10 years China was lost in a world with new ideas coming from all over the world. At the time, Duxiu and Dazhao saw an opportunity to bring change throughout a weakened China and they exploited it. The communist influence being brought by them and powers such as Russia influenced the Chinese way of thinking that Communism had new beliefs of the world and that all people should be seen as equal under the new government. Personally I am a very strong believer in

High government intervention has also had positive effects on China’s economy. Since the Global Financial Crisis of 2007-08, China has become increasingly

​According to Lawrence (1998), the future of China will largely depend on its top leaders. Their priorities, reputations, and ability to get local officials and society at large to support their policies will shape the course of future events. At the vanguard of the group of up-and coming leaders is Hu Jintao, who joined the Communist Party’s most senior body, the seven-man politburo Standing Committee, at the age of 49 in 1992.

The major actors involved in the Chinese challenge include the US government, the Chinese Government, US and Chinese businesses, and the American Citizens. When analyzing the hierarchy of goals for the Chinese government, it is important to note that the Chinese Communist Party is not democratically elected. Their mandate to govern has been based on China’s strong economic performance. Above all else, it is crucial for the Chinese government to maintain its economic success. 29% of China’s GDP is composed of exports of goods and services.

America is able to incorporate capitalism into social welfare because of the viewpoints of some the population on good and services of social welfare. A portion of the country’s population feels the goods and services of social welfare should be privatized which is an aspect capitalism. Although a portion of the goods and services are privatized not all good and services are privatized which causes a point of contention between the two concepts. Socialist believe that since Americas all contribute to the social welfare market in some way that all citizens are entitled to the goods and services of social welfare. Capitalist viewpoint is that property is privately owned, however, with this aspect people who owns this property, in relation, to

The Chinese Communist Party, founded in 1921 after defeating the nationalist Kuomintang Party, monopolizes power over China. The government uses propaganda to falsely project an image of satisfied, motivated citizens and of a progressive country. Xi Jinping, China’s president, advocates for prosperity, reform, rule of law, and party building; however, China’s government is truly an authoritarian one-party state. Within its borders, expression and basic human rights are suppressed. The government is quick to detain human rights activists and limits access to outside communication. China is misleading when addressing its labor force and economy. So, as modern nations see the shortcomings of communism, China’s people

The first major misconception that I had was just what a Communist government means to today’s China. When Americans think of the term ‘Communism,’ the first things that spring to mind is oppression and fear; the concept of ‘red’ Communist ideals maintained by Joseph Stalin. While it’s true that China did once have this kind of government under Mao Zedong, the current system is quite different. The Communist Party is merely a party name, the same way Democrats and Republicans are in America. The difference is that China is only under the one party’s rule. The country

In seeking to highlight the key differences between socialism and capitalism, it would be prudent to first offer a concise definition of the two terms. Capitalism in the words of Brinkerhoff, White, Ortega, and Weitz (2007) "is the economic system in which most wealth (land, capital, and labor) is private property, to be used by its owners to maximize their own gain." As the authors in this case further point out, this particular economic system is largely founded on competition. Socialism on the other hand is defined as "an economic structure in which productive tools are owned and managed by the workers and used for the collective good" (Brinkerhoff et al., 2007). From the definitions, it is clear that unlike capitalism, socialism favors a situation whereby there is deliberate control as well as planning of economic activities on behalf of the entire community. In the case of capitalism, no attempt is made to have economic activities controlled from a central point on behalf of the community. Here, enterprises are allowed to compete in the supply of goods and services as they seek to rake in monetary returns. The key

The state controls are means of production. So individuals cannot own their own business, cars, homes, etc., because the state owns everything. Placing all the power within the states is an issue for some individuals, as well as upgrading certain class and down grading another. Although communism and socialism share some of the same qualities, they also differ in certain areas.

In November 2005, the Central Committee of the Communist Party of China issued its 11th five- year plan. As was typical for such pronouncements, the plan touched on many aspects of China's economy, including its fiscal situation, its current account surplus, and its desire to equalize rural and urban incomes. But the central theme was growth.

The article I chose describes how the Chinese economy copes with its worst economic slow down in 25 years. The article said that the recent figure shows that growth has slowed sharply and deflation set in. The property market has dropped drastically and factory production is at its weakest point science the 2008 global crisis. In the first three months of 2015, GDP grew at "only" 7% year-on-year, which is pretty small compared to the “usual” 9% growth. Growth for 2015 will probably be the weakest in 25 years. Some pessimists said that China’s economy is about to crash after three decades of rapid development. But the article argues that china’s economy is stronger than they thought and is going through a quiet financial revolution.

China has recently adopted reforms that have allowed the people to benefit from a form of ‘capitalism’. Since China is such large economy, there may also have been some fear that

In every economy, there are various elements owned by certain entities within it. However, it differs from one economy to another. In capitalism, businesses and properties are privately controlled and owned by individuals. In such cases, the individuals are in total control of all business-related decisions to be made on these properties and businesses. On the other hand, socialism entails a set-up whereby the state controls and owns the major means of production. The decisions made are not based on a single person, rather on the entire state.

China is the largest economy in the world in Purchasing Power Parity terms. It is seen as the dominant economic force leading the economies of the rest of world. In the last monetary policy statement, Federal Reserve took a U-turn from increasing the policy rate by keeping it unchanged in fear of the consequences that would lead to through the economic slowdown in China. Many analysts also reported

China has already experienced a substantial growth in the field of international business because aside from its local companies going international, many international companies from different countries have already started to dominate the Chinese market. As a result, it was perceived that the Chinese economy will continue to grow at a relative pace and would be stable enough to be derailed easily by sudden crises.