Regulatory and Economic environment - Essay Example

Only on StudentShare

Extract of sample
Regulatory and Economic environment

Based on the current exchange rate of RMB 8.28 yuan to one U.S. dollar, China is now the sixth largest economy in the world. Based on purchasing-power parity, it is the third largest economy after the United States and Japan. All this has taken place during a relatively short time. In fact, one can argue that true economic reform in China only started in the early 1980s.' - [M.W. LUKE CHAN, WENDY ROTENBERG]
The Chinese economic environment had shown rapid progress during 1991-1997, it could be said that China experienced double digit GDP growth. However, from 1997 and so on there were economic crisis, yet, the Chinese GDP continued to grow at a rapid rate of 7.8%.
Transparency and good supremacy have been the foundation issues observed in the post-crisis years, both in the circumstance of the 1997 monetary difficulties and the recent series of commercial scandals. This suits the accounting and audit profession where efforts have largely focused on "harmonizing standards" within APEC and ASEAN as well as for greater transparency and disclosure.
The Chinese financial catastrophe showed that insufficient accounting practices and lack of transparency in financial information still prevail in the region. ...Show more

Summary

China is country which has seen great changes in its economic environment since its inception. China is one of the oldest civilizations in the world today. Time to time it has seen booms and declines in its economy.
Chinese economy is recognized as the sixth largest economy in the world…
Author : davinward
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"Regulatory and Economic environment"
with a personal 20% discount.
Grab the best paper

Related Essays

Regulatory and Economic environment Essay
The average per capita income in Sweden is currently at 20,828 or 280,746 Swedish Kroner (SEK). The United Kingdom is a member of the G8, with the fifth largest economy in the world. It ranks third in population among the European Union states. (EU). What are some similarities and differences in Sweden and the United Kingdoms' regulatory economic structure How does Sweden maintain its economic structure, yet still manages to maintain positive cultural development
6 pages (1500 words) Essay
Changing economic environment
This is one of the most important infrastructure requirements, which is essential for the expansion of opportunities and plays an important role in making or breaking the competitive positioning. Last year annual sales of the company was about $8,287,700,000 (William Hill PLC.
6 pages (1500 words) Case Study
The Economic Environment of Business
Milk products are generally purchased by all households, however liquid milk accounts for the largest share of this market. On the other hand cheese faces strong competition from other complimentary goods. Health agendas such as the need to consume omega fats, cholesterol lowering products and probiotics in 2005 and 2006 have led to a growth in the market of milk products.
12 pages (3000 words) Essay
Regulatory and Economic environment Bachelor Essay
These influences can be categorized in the following ways. The political and economic factor: India has a liberal-democratic political system. The prices, output, demand and supply are all decided in the market place. Though the government does not interfere in each and every aspect, it sets regulatory framework in a few aspects of the market place and corporate behavior.
5 pages (1250 words) Essay
Find out how much would it cost
to 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