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How Did China Become An Industrialized Country

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China, officially the People’s Republic of China (PRC), is the world’s most populous country, which has over 1.35 billion people; and it is the worlds’ second-largest country by land area since it covers approximately 9.6 million square kilometers. However, is is still a developing country instead of industrialized country even though it has most Gross Domestic Product (GDP) in the world. Why China is not developed with a quarter of world’s population?

Some people have the view that China will become a industrialized country if China only has 400 million people. They believe that China’s development is limited by its large population; therefore, once China has reduced its population, China becomes a developed country. I also agree that 1.3 …show more content…

The surveys about Chinese population in 2014 shows that there are 137 million people, about 10.1% of the whole population, who are over 65. Most industrialized countries reach population ageing after accumulating a great amount of material wealth; hence, they have enough resources dealing with population ageing problem, while China has not enough wealth facing with population ageing problem. In 2014,real GDP per capita for China has increased to 7589 dollars, which is 13.7% of American real GDP per capit; therefore, Chinese social welfare is far behind the United State. Since the Reform & Opening up in 1978,China has rapid economic development; with the effective implementation of population policies, the population structure presents a low birth rate, low death rate and low growth rate. A survey shows that the number of those old people who live with no family members has reached over 62 million, which is approximate with the number of French …show more content…

Older people have higher accumulated savings per head than younger people, but spend less on consumer goods. Depending on the age ranges at which the changes occur, an ageing population may thus result in lower interest rates and the economic benefits of lower inflation. Some economists (Japan) see advantages in such changes, notably the opportunity to progress automation and technological development without causing unemployment. They emphasize a shift from GDP to personal well-being. Besides that, population ageing increases some expenditure for the society, which including some met from public finances. Nowadays, health care and retirement fund have become the largest area of expenditure in many countries, even in some European countries can not afford this expenses. As a result for it , the government have to choose between higher taxes from earning to consumption and a reduced government role in providing health role. On the other hand, ageing society provides fortune and opportunity as well. An ageing population may provide incentive for technological progress, as some hypothesise the effect of a shrinking workforce may be offset by technological unemployment or productivity

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