Economy of China - 625 Words

On the year of 1978, China was one of the poorest states at the global stage. During that time, China’s true per capita GDP was just one-tenth of the Brazilian grade and one-fourtieth tha United State of America grade. The following time, the true per capita GDP in China has grown to more than eight percent (8%) as an everage level in every year. The result from that increasing, has made China today holding the true per capita GDP at the same grade as Brazil and merely one-fifth of the United State of America grade. Nowadays, China become the second-largest economy at the global stage because of the fastest and perpetuated development in standard of living has made in a state with exceeding twenty percent (20%) of the globe’s population. However, China’s economic transformation is said has no historical law in the angle of steps and scale (Xiaodong, 2012, p. 103). What we want to focus now is the influence of China over Southeast Asia from the aspect of economy and what the foreign policies that involved between China and Southest Asia. First of all, we like to discuss on â€Å"the potential transmission of China’s monetary policy shocks to equity markets in Southeast Asia† (Johansson, 2010, p. 1). According to (Johansson et al., 2010, p. 2) importantly for us to understand first, how China’s economy and its economic policies has given effect over other states as China has became one of the biggest world economy holders. For the monetary system in China, it has established fromShow MoreRelatedIs China A Largest Economy?1684 Words   |  7 Pagesstandards, in the consideration of growth, Chinas economy is impressive. However, within the nation itself, the economy has not been able to achieve the government standards it wants to during the past few years. 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The various factors affecting the success of any foreignRead MoreEffects Of China s Fiscal For The Australian Economy3915 Words   |  16 PagesWhat are the effects of China’s recent economic slowdown in GDP for the Australian economy? Word Count â€Æ' ABSTRACT This essay looks to answer the question: What are the effects of China’s recent economic slowdown in GDP for the Australian economy? The intention is to look at China’s recent reduction in GDP rate of growth and find out if there are any significant negative implications for the Australian economy, and further investigate fears in the media that the slowdown may eventually proveRead MoreWhy China s Fall Would Have On The Global Economy872 Words   |  4 Pagesyou consider China’s fall would have on the global economy. The Chinese economy can be viewed as the cornerstone of the global economy. The current global GDP, measured in purchasing power parity of nearly 60%, as well as current international rate of growth at more than 80%, is primarily accounted for by China and other neighbouring middle-income countries, such as India or Vietnam.[1] These numbers are significant in understanding our global economy, which is widely interconnected through alliancesRead MoreChina Economy7357 Words   |  30 PagesCHINA AN ECONOMIC OVERVIEW The rapid rise of China as a major economic power within a time span of about three decades is often described by analysts as one of the greatest economic success stories in modern times. From 1979 (when economic reforms began) to 2011, China’s real gross domestic product (GDP) grew at an average annual rate of nearly 10%. From 1980 to 2011, real GDP grew 19-fold in real terms, real per capita GDP increased 14-fold, and an estimated 500 million people were raisedRead MoreEssay on Chinas Economy675 Words   |  3 Pagescontinue, China may be the world’s largest economy by 2020. Discuss the possible implications of such a development for (a) the world trading system, (b) the world monetary system (c) the business strategy of today’s European and U.S. global corporations, and (d) global commodity prices. A) The implications of such a development for the world trading system is that China will basically will be the root of trading. From my perspective, China’s growth of economic will benefit overall economy of worldRead MoreThe Economic Economy Of China900 Words   |  4 Pagesproducts or services. One notable economic powerhouse is China. Over the years, the Chinese business climate has grown from a centrally planned economy to a socialist market economic system. Having this new economic system gives foreign investors many market opportunities. However, one must not forget the differences in political and cultural environment that can create risk and uncertainty for foreign investors. According to a 2010 survey by the US-China Business council, companies are reporting strongRead MoreChina s Economy And Its Impact On The Economy Essay2332 Words   |  10 PagesWith the one of the fastest growing economies in the world, China’s increased consumer spending, rising inc omes, with unique demographics and an increasingly open business huge population of 1.3 billion not only creates a massive internal consumer market environment that have all helped to make the Chinese market increasingly attractive to international businesses across a variety of industries. China is distinct from other developing markets in a number of important ways, all of which have strongRead MoreThe Rise Of China s Economy1036 Words   |  5 Pagespotential existential threat, the answer is almost always China. China s economy is growing rapidly, its military is expanding, and its diplomatic influence has spread to every continent. However, despite its impressive rise in the last fifteen years, China remains decades away from competing with the US on any level. There has been more discussion of the rise of China in recent years due to the struggles in our own country. Our economy is growing very slowly, we have a massive national debt, andRead MoreChina s Influence On Economy1552 Words   |  7 Pagesdiverse countries is increasing extremely intense. With the rise of the third world, as the biggest part of it, China’s influence in economy has become a controversial issue due to the prosperity of economy. To be more specific, China became the second-largest economy in 2011(McCurry,J and Kollewe J,2011).And in recent years, according the data in the bar chart below, China GDP’s is growing rapidly and the growth rate is staying between 7% and 8% before 2015. At the same time, because of the development