How Did The Causes Of China Lead To Economic Success

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

Ancient China was a very successful country, it has created lots of history that we couldn’t forget. Ancient China is successful because of three main points, ordinarily, inventions have a huge impact on a country’s success, and Ancient China has created inventions thats very useful, we still use some inventions that were created during Ancient China. Ancient China got incredible good resources, they have the second longest river in the world that they could use to survive, resources makes Ancient Chinese created cultures thats unforgettable. Out of all, Invention, resources and cultures has made Ancient China become successful, Inventions help people in Ancient China have a better live.

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.

And with this strong role China has been assuming, so has it been getting stronger by building military equipment competitive with those of the U.S. and drawing narrower a military gap it once possessed when compared to America’s armed forces. Furthermore, China has “displaced the United States as the world’s leading manufacturing nation” in 2010 (US Foreign Policy, pg. 414). Not a surprise since a majority of products purchased in the U.S. carry a label stating, “Made in China.” And predictions hold China as the world’s largest economy by year 2041 (US Foreign Policy, pg. 415). Thus, the fact that China has become an emergence matters. Since the dismantled of the Soviet Union, the U.S. was not challenged, when it came to power by any other competitor, however now, the U.S. dominance in international politics has to deal with a China that has the capabilities to lead the world’s economy.

This observation from Jeffery Schott of the Institute for International Economics captures the essence of the China-World Trade Organization debate in America and the world today. China’s unprecedented economic growth has put it at the forefront of the US trade agenda. America’s is the biggest economy and China’s is the most populous nation, in terms of sheer number of people. To

In the beginning of a book, “What Does China Think?” by Mark Leonard, introduces the China’s rise as an exceptional and remarkable event in the history that is even considered to be more significant than 9/11 terrorism or Iraq War. Afterward, the author mentions how China affected the world within the economical perspective; for example, half of the entire world product is labeled ‘Made in China.’ Besides focusing on the scale, the author brings us into deeper inquiry about China’s rise: How China’s rise will affect the world? Will China keep rising?

Spanning over the last few decades, China’s economic rise seems nothing short of a phenomenon. The country has flourished – growing from being impoverished to what is now the world’s second largest economy. Many analysts describe this massive rise in such a short time span as “one of the greatest economic success stories in modern times.” (SOURCE) As China’s gross domestic product (GDP) rapidly escalates, Western countries are in fear of China soon becoming the world’s largest economy. However, with the help of penetrating evidence, the myth of China as being a threat to the United States’ economy is debunked in Peter Nolan’s Is China Buying the World?. Published in 2012, Nolan, an international expert on China’s economy, analyzes China as

China represents a great market for any state, and many of the countries of the region have been able to seize the moment. The figures 1, 2, 3 and 4; made by the author with data taken from the World Bank,

For more than two decades under the communist rule of Mao Zedong, China’s economy was in a stagnant state, but now it is known to have the world’s fastest growing economy. In fact China is currently undergoing what is being described as a second industrial revolution. According to the international monetary fund, China became the world’s

Some major trade policies have negatively impacted the trade patterns of the two countries in a way that in spite of their growing ties, the bilateral trade relationship is often laden with complexities. According to U.S., China’s unfinished ‘transition to a free market economy’ is the root cause for many trade tensions. While China has liberalized its trade governance over the last thirty years, it continues to maintain

China’s ascension to superpower status has caused many Westerners to worry. They worry that China’s sustained growth will hurt their livelihood and economic status. Others, however, see this as an opportunity to exploit new markets and to further world unity. This is an increasingly relevant debate as many have predicted China’s growth to continue at a steady rate in both the short and medium terms. This paper will examine the reality of the potential threats and the extent of the opportunities. What constitutes a threat and opportunity is entirely dependent on the perspective so, this paper will assume the perspective of the United States for the reasons of size and influence it has on the rest of the Western world.

China’s rise to their current standing amongst world powers is impressive. China has reached heights in mere decades that other nations took centuries to get to. Now China is at a potential watershed moment in its history. The path it goes down will not only affect Chinese history and the billions of Chinese people, but it will change the path of relations and status throughout the world. While there are many paths than China can go down, and while it is alway impossible to predict the future, there are signs that point to one specific direction. This future for China is one where they continue on the successful path that they have enjoyed for the past few years. In this future, China soon overtakes the United States as the premier economy and power in the world, and everything important has to go through China first. This is no guarantee, but due to their immense producing and consuming capabilities, their upward trend, and their desire to win, China should remain on their path to success. It has not been an easy rise to this point, and the closer they get to the top the harder it gets. If China does reach the top however, the bulls will be correct and they will be the premier power in the world.

From the 1970s, there has been a wave of liberalization in China, which was introduced by Deng Xiaoping. This is one of the key reasons to the rise of China to be one of the economic giants in the world. In the last 25 years of the century, the Chinese economy has had massive economic growth, which has been 9.5 percent on a yearly basis. This has been of great significance of the country since it quadrupled the gross domestic product (GDP) of the country thus leading to saving of 400 million of their citizens from the threats of poverty. In the late 1970s, China was ranked twentieth in terms of trade volumes in the whole world as well as being predicted to be the world’s top nation concerning trading activities (Kaplan, 53). This

As one of the great producing nations on this planet, China needs to maintain open and free trading throughout the world. This open trading and globalization has greatly benefited China as jobs are created and wealth and power sees unprecedented growth in the country (Wang 234). Beyond increasing prosperity, China’s trade network has given the CCP the opportunity to “borrow the institutions and emulate the practices of the industrialized

China is one of the biggest markets in the world. China’s immense diversity, complexity, variety & immense competitive intensity are unrivalled in the world. China’s historical development, political structure, climate & its foreign relation influence its economy & foreign trade. China’s