StudentShare solutions
Triangle menu

Chinese Economy - Research Paper Example

Extract of sample
Chinese Economy

of Foreign Trade and Economic Relations (Import/Export License System, 2008).
International organizations have displayed keen interest in investing in China, notwithstanding its restrictive policies. China has displayed good business sense in spite of its negative political rhetoric. 400 of the top fortune 500 companies have invested in China. Cheap labor and improved working conditions appear to spur economic radiance. However, it is good to keep fingers crossed. Economic gains have yielded little political reforms. In case flight of foreign capital starts taking place there will be problems of unemployment and uncertainties in finance (Overall Evaluation of WTO Entry's Influence on China).
While on the subject, it is also pertinent to remember China's growth is spurred by exports. Its domestic market may find it very difficult to survive should exports come down significantly or vanish altogether. For the moment, China faces little competition in the manufacturing sector, thanks to its political ideologies.
China's imports and exports
"China's major exports consist of machinery and transport equipments constituting to nearly half of the total exports. Another major portion of the exports comprise of textile, rubber and metallurgical products constituting to 18%. Chemical products, food, mineral and fuel materials made of up 10% of the total exports. There is an exponential increase in the machinery and transport equipments segment of the exports from a mere 5% to 47% in 2007" (China exports by category of commodities, 2010).
"For year 2007, machinery and transport equipments made up the majority of the imports, accounted for USD 412 billion or 43% of total import volume. Next major imported products were chemical products which took 11.3%; mineral and raw material accounted for 11.0%; and textile, rubber and metallurgical products were 10.8%" (China imports by category of commodities, 2010).
China's reputation as the number one manufacturer of world products today has enabled it capture myriad markets from all over the world, notably the United States (US) and the European Union (EU). Corporations in the US and the EU who found their fortunes dwindling in their own countries rose like the proverbial phoenix by establishing their enterprises in China.
China's Economic System
China's new-found euphoria as a major contributor may also prove to be a setback in certain quarters. As socialist economy, China observes the "rule-of-the-thumb" and cannot digest the principles of ...Show more

Summary

China is a socialist economy. Although growth in China's economy is spurred by globalization, this country has not experienced its full potential due to its unwillingness to completely or even in good measure open up its economy to imports, especially import of Hollywood movies.
Author : zkoch
Chinese Economy essay example
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the research paper on your topic
"Chinese Economy"
with a personal 20% discount.
Grab the best paper

Related Essays

How One Child Policy Would Affect Chinese Economy
However, due to increasing concerns of rural unstableness, liberal relaxations of Chinese rural policies were announced between 1984 and 1989. Under one-child policy, a couple from urban area can have only one -child whereas a couple from rural area may have two kids if the first kid is a girl.
17 pages (4250 words) Research Paper
Effects of Chinese Auto market on US Economy
Seeking new manufacturing sites 2.2. Talent Pool 3. Measures to Gain Competitive Difference 3.1. Cost/Value 3.2. Quality 3.3. Timeliness 4. Barriers to Enter US Markets 4.1. Lack of Advance Engineering skills and Technology 4.2. Domestic Issues 4.3. Safety and Quality Standards 4.4.
15 pages (3750 words) Research Paper
Compare and contrast the planning functions of the Japanese and Chinese economic models
The relationships, which exist between the variables, are also included in the model. The economic model of a country represents whole economic structure of the country. The importance of a well-defined economic model of a country can be derived from the fact that no country can perform its basic economic functions without representing core economic processes in the form of an economic model.
9 pages (2250 words) Research Paper
Chinese Economic Revolution
The remarkable growth of China can be credited greatly to the Chinese Economic Revolution that occurred in the late 1970’s.There were two phases to the reforms. In the first phases focus was on the countryside.The second phase of these reforms focused on industrialization and worker welfare as well as on enterprises.
5 pages (1250 words) Research Paper
How have the culture and mentality of the Chinese contributed to their success as entrepreneurs
China’s fast growing economy is much dependant on the private sector of the state. Recently, the growing culture of entrepreneurs has further boosted the GDP of the country. Entrepreneurs have always been a part of Chinese culture and history. The success ratio of Chinese entrepreneurs is considerably more than other entrepreneurs of the world.
8 pages (2000 words) Research Paper
The chinese economy in may 2013
In the month of May, the Chinese economy realized an overall growth despite the decline in the development of certain sectors. There has been a substantial growth of the Chinese manufacturing industry in May 2013 whereby, the economy’s PMI (government-purchasing managers’ index) recorded a 0.2 % rise in May 2013 (from 50.6% in April to 50.8% in May), which was contrary to the forecasts and expectations of many economists ((Teso 2013; Standing & Chiang, 2013; Hubbard, 2013).
3 pages (750 words) Research Paper
Chinese stock bouble 2007
There is consensus however that China suffered the worst stock bubble in 2007; and this is the stock market crash that this paper will focus on. INTRODUCTION Following a five year period in which China’s Shanghai Stock Exchange (SSE) Composite Index did not do well, the Index saw a dramatic rise - over 130% - in 2006 and 2007 (Tucker & Dyer).
7 pages (1750 words) Research Paper
Chinese Economic Reforms
The reforms have seen government ceding control of market structures to private sector which has led to a higho much of GDP (as higher as 80%) to be in private sector, and a stronger Chinese economy, "which has enabled insurance companies and banks to make substantial investments with encouraging returns.
6 pages (1500 words) Research Paper
Compare and contrast the planning functions of the Japanese and Chinese economic models
The economic model of a country represents whole economic structure of the country. The importance of a well-defined economic model of a country can be derived from the fact that no country can perform its
9 pages (2250 words) Research Paper
Intro to chinese culture
e Government has adopted to drive forward the economic reforms in China, according to Doug Guthrie’s China and Globalization, Chapter 4, China in the Global Economy, pp. 109-168. China underwent several reforms economically due to which, it gained the status of ever-growing
6 pages (1500 words) Research Paper
Get a custom paper written
by a pro under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
YOUR PRIZE:
Apply my DISCOUNT
Comments (0)
Rate this paper:
Thank you! Your comment has been sent and will be posted after moderation