What Is China's Exceptional Economic Growth Of China?

China had a significantly larger population than Europe, China was the home to one hundred to one hundred thirty million people, whereas Europe had only fifty to fifty-five million people in the fifteenth century (Kennedy 4). China had been severely deterred when the Mongol hordes entered their civilization and in the aftermath of Kublai Khan invading their country. However, the Ming dynasty surfaced in 1368. The Ming were able to bring the empire back together by finally defeating the Mongols, and by restoring old Chinese order and tradition. With the Mongols being defeated, the Chinese made leaps and bounds in the world of technology, creating inventions that were far ahead of their time. From an early time, there were very large libraries in China. In order to create the books that existed those libraries, the Chinese created printing by movable type all the way back in the eleventh century. This segued into the use of paper money, which quickened the flow of commerce, which resulted from the increase of trade due to “… canal building and population pressures…” (Kennedy 6). Perhaps what is most impressive about Ming China was their overseas exploration. The most prominent of

China’s population was growing rapidly, almost doubling between 750 and 1100. Because of this huge population boom, paper money was established, and the trade industry grew. There were many advances that were made, such as technological improvements

During the rule of Justinian (527-565 CE) this empire was expanded to the greatest size that it would ever reach. Because it was so big, Justinian assigned two capitals for the empire, and as this happened, there was transfer of goods and technologies through both capitals. Because the empire was so big and the amount of merchandise and money that was managed through the empire was so broad, Justinian implemented the use of banking, which changed completely the way people earned money, saved their money, and traded goods to get money from them to bank it. As this happened in the Byzantine Empire, China fell into a cultural exchange of goods, technologies, and ideas that came from the Silk Roads. It was during the Tang and Song dynasties that this trade was at its peak. At the time, besides receiving goods from Europe and other neighbors through the complex routes of trading, the Chinese developed their own technologies for their own exportation. Among these technologies there was large metallurgical production, invention of gunpowder, naval technologies, rapid and cheap printing, and porcelain. These technologies enhanced even more trade for China and due to this, paper money was invented for the purpose of controlling trade; the same thing that occurred with the Byzantine Empire and banking. Even though China invented more technologies than the Byzantine Empire, both became major trade hotspots in their own way and invented systems to

China is the only country currently in its “Golden Age” in my opinion & here’s why. China has diverse languages and dialects and local cultural inequalities, which make it even more overwhelming to obtain first-hand knowledge of China’s market. Everyone wants to be an American but why when China is beating the USA on the global economic stage. China is the world's most populated country and it shows because, China currently has the world's fastest-growing economy. Only 3.3% of China’s total population are unemployed. China is one of the biggest communist countries of all time, and that's what makes them successful. Mao Zedong became China’s leader in 1949 and helped name China the People's Republic. This is when China became a communist country and started being ruled by the Communist Party of China. China city of Hong Kong is the second smartest city in the world and is continuously growing. When we go shopping for Clothes, Toys or even dishes you are

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

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

Furthermore, while Landes bestows Europe with the accountability of “invention of invention,” many of the ground-breaking inventions that the world saw in the 15th century were generated in non-European societies. In 895 A.D., China saw the invention of gunpowder. While initially used for flame throwing, it was soon used in bombs, grenades and rockets by 1231 A.D. This opposes the theory that Europe took initiative to employ gunpowder in warfare while China merely used it for leisurely purposes, including flame throwing. Printing and paper-making were also invented in China, and ultimately led to the widespread use of paper currency and the printing of literature. China also saw the innovation of printing by paving the way towards other inventions such as wallpaper, tissue paper, toilet paper and certain articles of clothing. Many of these

In the fifteenth century, China was one of the most superior global powers. The Confucian principle-adhering administration created an enviable, sophisticated society; no other nation could match it's enormous population (100-130 million), its incredibly fertile lands, or its unified bureaucracy. According to Kennedy, "...the most striking feature of the Chinese civilization must be it's technological precocity" (Kennedy 1). Kennedy was not incorrect making this statement. The nation had vast libraries, due to the invention of printing by movable type being invented in the 1000's in China, an innovation that hastened the book making process and churned out large amounts of books; the creation of paper money expedited the growth of the trade

Huang He thinkers developed a vague world view that was accepted as a standard approach in later Chinese thinking

The empires of this time period had some innovative ideas and discoveries that permanently changed their nations and in some cases, the world. Both Rome and China had two unique and important cultural characteristics that completely changed their nations. For the Romans, their unique cultural characteristics were new ideas. The first of these new ideas, their unique Judicial System is the basis for many current judicial systems around the world, the other new idea, Christianity is now one of the worlds most practiced Religions. Whereas the unique cultural characteristics of China, namely the creation of paper and the formation of the “silk road” were more practical cultural characteristics, but no less impactful for both their

Chinese technological advances far and involved many areas of life. The Islamic World adopted the Chinese way of producing salt through the means of solar evaporation. Paper making that the Chinese perfected spread to Korea, Vietnam, Japan, India, Spain, France, Germany, England and the Middle East. China created

During the 16th century the single whip impact China economy flourished with Europe being able to provided China with silver. China’s Ming Empire created a tax reform that forced its revenue to be paid in silver. Europe was able to provide this resource through mines of Potosi (Bolivia) and conquered land. Historians argue that Spanish greed, lead to an enormous demand in trading with China. Silver is what what drove the linkage with Europe and Asian countries to China. (Huang Yale Press) Japan and Spain desired porcelain and silk so the had they were forced to meet Zhang Juzheng terms if not deals would have ever been met. Without the single whip impact pre-modern globalization would have never occurred and Europe would not have been able

The China Boom: Why China Will Not Rule the World, by Ho-fung Hung. New York: Columbia University Press, 2016.

Paper traded from China is all the more promising in the Golden Age of Islam! Paper become popular in the caliphate due to trade with other countries and has now become popular within banking systems.

For over a thousand years, China was the most technologically advanced civilization. China could boast inventions and/or improvements to many other items, including paper, bronze items, gunpowder, and silk. Papermaking was developed in China around 105 C.E., and required a long and complicated process to make it. To make paper, you needed to put hemp paste in