This website uses cookies to ensure you have the best experience. Learn more

Chinese Economic Development Essay

1125 words - 5 pages

Introduction

“Quand la Chine s’eveillera, le monde tremblera” (“When China wakes up, the world will tremble”), Napoleon Bonaparte.
This expression is indeed, justified by the spectacular economic growth of China the past 3O years and by the fact that today, China is considered as one of the most important economic power in the world.
Our country has known many changes: from the gai ge kai fang, under the leadership of Deng Xiao Ping where China experienced effective agricultural reforms, to our days when China, with 1/5 of world population, opened its doors to foreign investment, privatization, and export, leading to unprecedented growth.
However, this growth is confronted with many ...view middle of the document...

In the next part let us see the success factors of the Chinese economy.

* The pillars of the Chinese growth
The growth of the Chinese economy has been spectacular for the past 30 years. This evolution is mainly explained by 3 major factors or changes:
* The progressive transformation of a planned and centralized economy in a market economy;
* The (uncompleted) transformation of an economy based on agriculture into an economy based on industry and services (Chinese growth resting on an industrial strategy);
* The transformation of a closed economy into an open economy.
But those changes requires initial conditions which are the fact that the demographic dividend, which procure a large and cheap labor force bringing the potential of the production to its fullest, can take advantage of the geopolitical situation of the country (huge territory and influence of the East Asian countries) and generate public good and economy of scale.

In addition to that, structural reforms play an important complementary role in the development.
* Administrative decentralization (transfer of authority and competence from the central level to the local level),
* Coexistence of several mode of economic regulation (the “growing out of the plan”),
* Partial substitution of the financial system to budget (fiscal incomes was amortized by a banking system)
* Progressive evolution of the right of ownership (privatizations and introduction in the stock market)
* Reforms implementation strategy which is based on four elements:
* Growth on investment and industry
* Proactive technology policy
* Access to credit
* Economic sustainability
* FDI (1/5th of global FDI in developing countries.

* Growth and environment: a difficult arbitration
This “Chinese miracle” is indeed spectacular, but the economic growth were often made at the expense of the environment,
* China is currently the second largest emitter of greenhouse gases behind the United States and if 16 of the 20 most polluted cities in the world are Chinese.
* Overall, air pollution is costing China 2% to 3% of GDP, as the acid rain generate losses in excess of 100 billion RMB ($ 15.7 billion) a year.

Even if economic development strategy of China could enhance the efficiency of the environmental protection system, there are still some problems which can interfere with the creation of a better management of the environment in China:
* The conflict between the need for an effective legal system and the legacy of Confucian philosophy.
To create an effective pollution control in China, changes of the legal...

Other Papers Like Chinese Economic Development

Shipping Essay

1767 words - 8 pages economic activities of other countries. Many countries have seen enormous economic growth in the recent past due to their willingness to open their borders and markets to foreign investment and trade. This increased flow of knowledge, resources, goods, and services among world’s nations is called “globalization”, formally defined as the development of an increasingly integrated global economy marked especially by free trade, free flow of capital, and

Pollution Problem In China : Suntainable Economic

721 words - 3 pages and fighting it with the same determination China battled poverty. From my point of view, it’s the big challenge for China to improve the environment quality while achieving rapid economic growth therefore I think one of the greatest barriers to sustainable economic growth for China is the pollution problem. The impact of China's economic development on the environment has become increasingly serious, China has been facing a growing

Dont Read

427 words - 2 pages the era of globalization has come to Sports, NBA accelerated globalization of American culture in the global spread of American culture to accelerate the penetration in the world. And also the globalization of American culture in the NBA overseas, the development of a broad stage, and the simultaneous development of economic globalization will increasingly NBA-scale as the world's top sport.

Intercultural Conflicts

5396 words - 22 pages . collectivism 16 Masculinity vs. femininity 16 Long vs. short term orientation 16 1. Introduction Businesses in these times of rapid growth are experiencing globalization and economic development that tends them to expand and grow at international level (Bennis and Nanus, 1985). For the expansion of the business at international level, firms tend to exchange their cultures and during the exchange conflict is natural to arise as the minds of

Management

5870 words - 24 pages within them. Even though, there exist great differences in terms of political, social and economic dimensions between the mainland Chinese and from other places where Chinese culture dominates, there is still possible to identify certain core cultural values that have been held in common by the Chinese people, no matter where they live; mainland China, Hong Kong, Taiwan or overseas. These core values are unique and consistent, shaped by a

Special Economic Zones In China

2735 words - 11 pages lot of resources in research and development of technology, hoping to catch up with foreign enterprises and increase their competitiveness. The Asian Development Bank, in 2007, forecasts that the amount   !2 Provisional Regulations Concerning the Reduction and Waiver of Enterprise Income Taxes and Consolidated Industrial and Commercial Taxes in the Special Economic Zones and Fourteen Coastal Port Cities. (2004). Chinese Law

Queensland Tourism

2119 words - 9 pages environment which has urban, coastal and forest landscapes | Weaknesses:-The brand image and awareness of company is weak for the Chinese customers -the stronger competitors such as the tourism agent in China | Opportunities:-some external causes might irritate the Australian tourism market: earthquakes of Japan, NZ and South America. More and more visitors might to choose Australia for the journey. | Threats:-the “good” economic situation of

Pestle Analysis For China

4476 words - 18 pages value of their resources, capabilities and competences. Therefore, this may suggest that resource-based view ideas (Barney, 1991), a school of strategy that gained momentum during the 1990s, are now widely spread throughout Chinese managers’ minds. Contrasting to our results are the ones in companies from a UK economic region (Gunn and Williams, 2007), where 15% of the companies use resource analysis and 32% core competence analysis. Reasons of

Politics

1724 words - 7 pages , and make a critical evaluation of its effectiveness. 2. Central government’s policies on local governments since the 1990s 2.1 First stage: 1990-1993 Since the opening and reform in 1978 till 1993, Central government mainly adopted decentralization and interest concept to give local governments more autonomy of economic development, so as to allow some regions become prosperous first (Landry, 2008). For instance, when implementing the

A Rising China

2830 words - 12 pages reaching superpower status? Given the development of China, the way rising powers interact with world powers historically as well as theoretically and current as well as hisotoric Sino-American realations, we should develop a dessisive foreign policy that addresses the potential threat China posses to American Interests. The Chinese Economic Miracle China is everywhere these days. The words “Made in China” are universally recognized

Chinese Shipping Industry Evaluation And Cosco Swot Analysis 2012

3081 words - 13 pages INDUSTRY EVALUATION Industry Overview – what is it? The present development of the Chinese shipbuilding industry follows a similar pattern to what had happened earlier in Japan and Korea. Japan used its shipbuilding industry in the 1950s and 1960s to rebuild its industrial capability, while Korea saw shipbuilding as a strategic core for its economic development in the 1970s. China is now also taking that development path by taking full

Related Essays

Dfasdf Essay

2347 words - 10 pages regardless of whether the company made a profit or not. However, the establishment of modern industries inevitably advanced the social-economic development of China. Attempts at forming modern enterprises, although failed, still stimulated the growth of Chinese capitalism. The Opium War exposed the weaknesses of the Chinese feudal system. The cost of the war and later the war indemnity all fell on the shoulders of the farmers. The Manchu government

Sociology Of Chinese Migrant Women In Singapore

2483 words - 10 pages Ferrari accident back in 2012 in which a Chinese man driving a Ferrari hit a taxi killing two people and himself (Economic Observer, 2013). This incident sparked a wave of anti-Chinese resentment which honed in on how the reckless driving was symbolic of how the Chinese were bring in ‘bad culture’ that would dilute local culture as well as how foreigners are able to afford luxury cars by taking jobs and income from Singaporeans. These negative and

Tea Art Essay

2094 words - 9 pages that is emperor Shennong on the earliest discovered tea and used to. But the Chinese tea art originated from the Tang dynasty is an indisputable fact (Anon 2011). Tang dynasty is the most prosperous period of China’s feudal era, the national unity, and traffic developed, to end the state of the split land and to strengthen the link between North, South and other border areas. It makes the north and south economic and cultural exchange has become

China And Ethics Essay

1098 words - 5 pages 1. Comment on three unethical practices that china has been accused, do you think that these practices were necessary for china’s economic survival? China has been accused of various unethical practices in a host of industries. Overall, Chinese business ethics are built on the basis of "guanxi," a fundamental principle and practice underlying the whole of the Chinese social fabric. Guanxi places relationships and the moral obligations flowing