Economic growth in China and its impact on American economy

Masters
Essay
Miscellaneous
Pages 15 (3765 words)
Download 0
China has emerged into economic and industrial hub, the investment friendly policies of the country has accelerated the economic growth of the country. The country has abundant resources, and is rich in terms of trained and skilled labor. The availability of the cheap labor, valuation of Chinese Yuan, and the entire system of the country has captured the attention of international companies, particularly from North America and Canada…

Introduction


The Golden Age of the China started soon after its amalgamation with World Trade Organization. The membership of World trade Organization has been of economic and industrial benefits for the country. Secondly, the normalization of the Communist China's diplomatic relationship with United States, have further boosted the momentum of Chinese economic activities. These two events are important because they signify the recognition of Chinese economy by United States and the world economic community as an equal partner. Since its membership, the country has become an important member of the world economic community and plays an important role in the global economy.
The partnership with WTO has increased the scope of China's market for international trade and investment, and has opened up the World economy for unrestricted China's exports. Economic analysts have viewed the so far progress positively, and considered it as a positive force for China's economic development, however others believed that the competition of foreign imports and foreign enterprises in China might destroy important domestic enterprises in China's agricultural, manufacturing and service sectors. ...
Download paper
Not exactly what you need?

Related papers

Economic growth in China and its impact on American economy
The Golden Age of the China started soon after its amalgamation with World Trade Organization. The membership of World trade Organization has been of economic and industrial benefits for the country. Secondly, the normalization of the Communist China's diplomatic relationship with United States, have further boosted the momentum of Chinese economic activities. These two events are important…
the impact of the emergence of China and India on the world economy
The concept of "emerging markets" was suggested by the International Finance Corporation to describe the developing economies with the extraordinary potential for rapid growth. According to statistics, majority of the emerging markets have transformed and improved their economic performance over the last two years. Moreover, the total output of the emerging markets (led by China) represents more…
State and Society in 20th Century China
Globalization of business can be define as multi-directional because globalization is at the same time leading to greater emphasis on nation identity and leading to greater cooperation between nations. Globalization is creating a situation where manager must able to work with people from different cultures, nations, regions and continents. As China's economy has attracted attention from all over…
The Economic in Taiwan
As a result, even in the best case scenario, economic growth in the region will suffer into the second half of 2003.…
Impact of US Credit Crunch on Global Economy
Lenders were also looking for borrowers even with lesser creditworthiness but new house buyers. Interest rate was already slashed from 5% to 0.75% in 11 installments. They were ready with exotic offers such as 'interest only' loans or 'option adjustable rate' mortgage (option ARMs). These loans were attractive because of low down payment but later the payment was to skyrocket. Banks wrote in…
impact of the Golden Exiles on the cities economic growth and solidarity among its immigrant community
The initial group of Cuban self-exiles known as the "Golden Exiles" was responsible for establishing a prosperous and atypical exile community that would to this day exercise considerable influence over all early and subsequent Latin American immigrants living in Miami.…
Taiwan-China Economic Relations
Even the growth that is boosted by the economic affiliation does not reduce the threats and political confrontation between these two countries.…