Essay on The Great Big World and China

It is this that has sparked China’s vulnerability to external shocks. In 2011, China’s exports amassed almost $2 trillion, however in Feb 2012, China recorded a $31.5 billion trade deficit as a result of the European sovereign debt crisis in which China’s main trading partners plunged into recession. China’s severe BOGS decrease is an attempt to control growth and a sustained level of 7.5%. Investment policies are also critical for China to achieve economic growth and development. Foreign Direct Investment (FDI) in China is being sought primarily in the redesign of State Owned Enterprises (SOE’s) and in the development of interior provinces. Between 75-80% of World Bank loans to China in 2008 were directed to the central and western regions, the most economically disadvantaged. This promotes increased wealth within China, leading to higher levels of development due to a more positive Human Development Index (HDI), which currently sits at 0.687, up from 0.677 in 2010. Thus, trade and investment are critical factors in ensuring that China’s growth remains sustained at 7.5% whilst still encouraging increases in development.

The attached article discussed the risks and rewards of China going global. Critically analyse China’s international expansion. Also recommend what China can do to generate further economic growth for both its local economy and discuss how this can contribute to the global economic growth.

Before the arrival of western powers, China was very stable, agricultural, and ethnocentric. They had many factories that produced silk, cotton, and porcelain with their natural resources: salt, tin, silver, and iron mines. They had no interest of trade or interaction with foreigners. From the early eighteenth century, European and American Imperialism spread throughout China with a goal to extend their nation’s power. China was one of many territories that undertook the changes of New Imperialism. By 1912, the country was governed by outside nations: Great Britain (mostly), Russia, Germany, France, and Japan. Their influence on China resulted malignantly on the country’s economy, political ties, and lifestyle; in spite of the few

Ho-fung Hung’s work attempts to reconcile the widespread expectation that China’s rise would lead to a fundamental change in the global status quo with the observed fact that China has become increasingly connected to and one with the global status quo. To do this, he must first examine China’s rise and prove that it upholds the global status quo, and further must look into the origins of China’s rise, going back to the 13th century, to understand why this rise seemingly changed so little about the global world order.

When the Chinese and Europeans first came into contact with each other, there was a mutual fascination for the other's culture, or way of life. The Chinese began to look at the European culture. They became interested in Western thinking. They were also beginning to look at the religion that the European missionaries were preaching about, Christianity. On the other end, the Europeans who came in contact with the Chinese were fascinated by their culture and their philosophy, mainly the philosophy of Confucius. While the two cultures seemed to be a good match, each respecting and admiring the other, it came to an abrupt halt. The end result was China and Europe both rejecting the other culture.

The process of globalisation in China has been a rapid one. China’s exponential growth since the fall of Mao has lead to increased international influence – with China now operating on an international scale.

Globalization is a process that refers to the increased integration between different countries and economies as well as the increased impact of international influences on all aspects of life and economic activity. Over the last 50 years, globalization has had a tremendous impact on the Chinese economy. The impacts brought forth by globalization can be both positive and negative and effect both economic performance, economic growth and the development of China’s economy. Globalization is the main factor responsible for China’s significant growth that has taken place over the last two decades. However, globalization itself is not entirely responsible. The Chinese economy has also implemented strategies which have been very effective in promoting economic growth and development. These strategies include the implantation of“Open door policy”, “Reformation” of China’s agricultural system and joining the World Trade Organisation.

China's Relationship With The West There is great concern in the West about the issue of human rights in China. Is the West able to have any influence over this issue? 1. Pressure On China High-level visits to China from important political people such as the President, MPs and the Prime Minister, put extreme pressure on China and the government. As well as pressure, they also bring a mixture of criticism, praises, suggestions and proposals.

China came to realise that it was no longer at the centre of the world after being invaded multiple times by ‘barbarians’ from the outside who were stronger and possessed an intimidatingly sturdy culture and religion which threatened the Chinese culture and world order (Zhimin, 2005:38). China felt threatened and took to nationalism as a non-Chinese solution to the survival of China (Zhimin, 2005:38). However, “Chinese nationalism was a modern idea, seeping in from Europe. It was bolstered by the resentment of European imperialists, with their own ignorant and ruthless

Since the financial tsunami and the bankruptcy of Lehman’s Brother in September 2008, the world’s economy took a deep plunge and the Chinese economy is no exception. In the wake of the global financial crisis, The Economist (2008) reported that China’s real GDP growth slowed to 9 percent in the third quarter of 2008 and export growth slowed to 21.1%. It was, in fact, well below analyst expectations and recent

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.

Historically, many teachers took courses in multicultural education that was aimed at teaching preservice teachers about diversity in the classroom. However these courses did not have an impact on the teaching practices of pre-service teachers as they entered schools and classrooms. Furthermore teachers were asked to reconsider their own assumptions and work towards a better understanding of values and practices of cultures different than their own. It was through this type of reflective activity of their own beliefs compared to others could they begin to construct practices that aimed at making diversity apart of the curriculum. One goal of multicultural education was to shed light on oppression and social inequality based on race, social class, gender and disability.

The People’s Republic of China is a Communist state; although, it has a constitution. The constitution has five sections: the preamble, general principles, fundamental rights and duties of citizens, structure of the state, the national flag, and the emblems of the state.

The ongoing economic rise in China effects the US in many ways, including things that some people wouldn’t even consider. It can be seen that the Chinese are beginning to need more jobs, but can that be because some of theirs are being given to us? And, that’s not the only thing they’re giving us. China has the proven to be worst pollution in the world, and it has gotten to the point where the polluted air has travelled overseas to the US, and has begun to take a toll on us. But, they’re not only giving to us. Because of it becoming harder to find jobs, the students push themselves to the limit to become perfect, which could create competition with graduates here in America.

The purpose of this essay is to show how the economy of China has, and is changing, becoming the second largest economy in the world today. Although China is currently under the leadership of Xi Jinping, this essay will concentrate primarily on the actions undertaken by then President Mao Zedong, followed by then President Deng Xiaoping, (sans mention of Hua Guofeng). Given the relative infancy of Xi’s assumption of power, economic policies still remain largely rhetorical in form. Likewise, the majority of literature concerning economic policies under Xi are largely speculative, often citing strategies and ambitions as opposed to thereby, lacking a solid basis for rational induction In addition to China’s lack of transparency, In addition, it will be shown that the methodology behind the Chinese economy demonstrates the implementation of varying levels of the characteristics associated with the schools of Realism, Marxism and Liberalism. Thus, China’s approach to global trade in the 21st Century is pluralistic, testamentary to the failed economic