The Transition Of Chinese Economy

Tracing back the history of China, Xia Dynasty of the second millennium BCE was the earliest dynasty in China, which was centered along the Yellow River. Before China was unified, it was the time during which most of China's cultural tradition arose. Chinese civilization ascended and developed in a vast area, one-third larger than the United States if such dependencies as Manchuria, Inner Mongolia, and Tibet are included. For centuries China was almost completely isolated from the other centers of civilization by mountains, deserts, and seas. This isolation helps explain the great originality of China's culture. China has many mountain ranges and three river systems that rise close together on the high Tibetan plateau and flow eastward to

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

In the book China: A Nation in Transition, many topics are covered, including the one-child policy, religious ceremonies, and most importantly, women's rights and emancipation. In the chapter Chinese Communism and Emancipation of Women, the reader learns about various issues China has with gender inequality between men and women along with quickly growing campaigns and efforts in the pursuit of equal rights. For example, this chapter covers what rulers have done in order to help women , like when the young Mao Zedong added women studying abroad to his socialist society, along with pointing out some discrepancies between men and women, like passing the Health Care and Labor Organizations law creating limitations on jobs women can perform. On

Based on the population issue, the Chinese government enforced the birth control policy from the late twentieth century until now, so the total fertility rate of China is lower than the total fertility rate of the U.S. In the labor market, China plays an important role of the labor export. Large population emerges more workers, so the labors are cheaper in China. After the cold war in the 1990s, the global economic cooperation made the connection between countries was more close and complex. Many international companies invent and possess their core technologies in the U.S or other developed countries, but they found their manufacturing factories in China. They already aimed at the Chinese large cheap labor market could reduce the cost in their entire business. Consequently, people can find different kind of stuff labeled as “made in China” easily and frequently—it is a good explanation for the fact of half of my clothes were “made in China”. Many small factories which produce clothes and accessories are located in small towns in southeast of China, especially Zhejiang, Fujian, and Guangdong Provinces. Most of workers in those factories are wide range-age women who from rural areas with lower level education. Their working conditions are depended on the conditions of the factories.

In the US, The Home Depot’s well-trained employees are an important determinant of the company’s position. The company developed employee trainings to ensure consistent and high-level service for customers. It can be difficult to transfer this skill to China, as Chinese employees are different from US employees. They are culturally distant and the ways of approaching and motivating employees

Since developed countries have employed Chinese laborers and introduced our technology, some areas in China are one of the most industrialized regions. When considering this fact that these laboring including sweatshops has helped develop the country, it is morally acceptable to think sweatshops are essential roles in production. According to the World Bank, the Chinese GDP growth annual rate is 6.9% in 2014 in comparison to the growth rate of -27.3% in 1991 (GDP Growth (annual %)). Despite the rapid increase in the Chinese population, its growth rate has been escalated up and kept up with the growing population. The current life is more developed than what the older generation used to live in. Severe laboring might exhaust people back then, but thanks to that, those countries became wealthier and people live in better life. This concludes that although there is a controversy about Asian laboring, it benefits their future

With less people inhabiting the country, unemployment has dropped significantly. Cheap labor has resulted in a surplus of jobs being offered because the country can afford to pay a lot more people. Due to citizens being willing to work cheaply, the country they live in is more inclined to offer multiple positions to people searching for an occupation. This results in less people going without jobs. Nakra states, “Economists project that in the next 20 years the working-age group will fall in China by around 100 million people” (Nakra 137), with the policy there will be plenty of jobs available. With less children in the

By way of introduction to the business, CNH Industrial is a global leader in the capital goods sector. Like most successful business entities within today’s modern context, CNH Industrial understands the need for exceptional and strategic Human Resource (HR) functionality, including within its

The evolution of China’s labor market system is worthy of exploration because its transformation was strongly influenced by Western culture. Its sheer size provides an adequate basis of comparison, even though Chinese cultural and social values are unique from the United States. The objective of this paper is to analyze the merits and disadvantages of both labor systems based on research conducted by various experts in the field. Secondly, this paper seeks to identify differences between the roles of unions and collective bargaining in China and the United States.

After Chine revolution , Chinese economic have increase very fast , take GDP for a example,after economic revolution , about annual growth rate have keep or more than double-digit , this is very crazy. However ,according to the explain of Chinese economic efficiency point , we can know that Chinese also need to do a lot . For example ,such as view of energy efficiency , Chinese have the biggest population in the world (more than 1.5 billion) , however GDP just have 4% in the world in the 2004. But the Energy consumption per unit of production like triple developed country .This is meaning , after Chinese revolution about 20 years , even though China GDP have increased more than double- digit , but the economic quality and efficiency is unsatisfactory. After the revolution of Chinese economic, the rapid growth of GDP is just Chinese have paid too much energy costs and commitment too much risk about technical security. If we also computing some another resource like the costs that Chinese government have control the environment pollution . China 's economic growth rate is even lower .

A rapidly changing business environment due to technological changes and the impacts of globalization has resulted in shift of human resources paradigms (Khan, 1997). In every organization

The review proposes to relate what has taken place in terms of HRM practices between industries in China since the economic reforms started in 1978. Nevertheless, in the article the author (Schurmann, 1960) has written the acknowledgement has been given detailing the initial human resources condition since Communist party came into power in 1949. These macro-level policies has affected the Chinese human resources management even after the economic reforms took place in 1984 which really impacts the industrial perception (Jones, 1984). According to (Shirk, 1981) wrote descriptively how the labour policies in the field of human resources impacted the hiring and payments of industrial labour immediately following Deng Xiaoping’s accession to power. Manion (Manion, 1985) argued the influence of selection and appointment of the Party leadership team both at the governmental and business levels.

Nowadays, the world’s population is becoming older. Even in China, which has almost 19 percent of the world’s population (Xinhua, 2011), some coastal cities are still facing the crisis of hiring enough laborers (Rapoza, 2011). In this situation, all transactions that need laborers will face the challenge of salary rising which is a potential burden for corporations. Also, in order to balance this extra expense, companies must sell their products at a higher price which doesn’t strengthen their competitiveness. At the same

China’s demographic change will constrain the size of the working-age population. A recent study by World Bank indicates that China’s working population is expected to peak in 2010 and decrease thereafter. And also, old-age dependency ratios is expected to almost triple until 2050 (see figure 1 in appendix). Moreover, low urban retirement ages contribute

In contemporary China, the flourish economy is of great benefits to many industries such as agriculture, urban housing, taxation and medical care, GDP have a buoyant trend at 7.5%, which causes a spurious fact that too many job opportunities can be created by the enhancement of living standard. However, the statistics from World Bank shows that the GDP of China have a slow upward on economy growth in the past decades, which from 11.4% to 7.4%, the year between 2007 and 2008 dramatically in particular. The inflation (consumer prices) also depicts ongoing slumping trend during the period, hit bottom at -0.7% in 2009.All the truths give rise to a fact that the many job opportunities are exploited by cutting down the number of workers, close-down of small industries and so on. In this paper, I detail the real problem, unemployment, occurred in China and evaluate the effectiveness and efficiency of one strategy taken by government.