Why and How Has China Emerged as One of World’s Largest Economic Powers

Topics: Economy of the People's Republic of China, Economics, Investment Pages: 7 (2410 words) Published: July 31, 2012
Abstract

In this essay, is aim to explore the China became a powerful country in economic in the world recent years. An admitted fact that China influence of world economic becomes great and trend increase. As everyone knows China is a developing country compare with another East Asia country Japan the economic powers are both strong in the world but China was growing in recent 30 years, surprising how quick they controlled economic growth and sustained growth. Following factors effect Chinese economy and leads China economy getting on the track and it is only the beginning. Firstly, In China resources are variety they have the richest market of labor, plenty of foreign exchange reserve and high saving rate support China continuous economic growth. Secondly, China is a vast potential market for both Chinese domestic economy and overseas. China still has a great space supply for market develop. Foreign Direct Investment would like to enter and invest in this profit attractive market because market have unlimited chance to expansion that relate to high profit and it affect scale of economy in China. Moreover, Government policy and socialist system help China fuel economic growth, especially in recent 30 years. The policies which well known in the world such as, ‘reform and opening-up’, ‘one country, two system’ and ‘special economic zone’. These create a great power of leading china’s economic increase but every policy bases on Chinese government’s power control. Besides the reform Chinese government play an importance role of leadership in China’s economic developing period, Chinese government interface marketing running which a lot different compare with western country’s economic system. We can say that economic policies implement should under Chinese government’s authority control and they are rely on government and society structure which is aimed at the actual condition of China. Finally, Favorable International environment provide a stable economic circumstances and stimulus China’s economic growth. Also, globalization enter onto the world economic stage and play a large role in external environment, many and many economic organization like WTO, APEC and ASEAN leads integration of region economy. These affect China’s economic, reflect and emergence China’s economic power in the world. In conclusion, China has emerged as one of world’s largest economic power and China’s rapid economic develop depends on a variety factors both from internal and external, China has successful reform the world economic market segments and even more effort.

Content

Abstract2
Content4
Introduction5
Body5
Conclusion9
References10

Introduction

The analyzed of latest world economic and statistics data show that China’s economic growth is still above the level of previous years. GDP continuous growth even under suffer of economic crisis and in this emergency condition beginning of showing China’s economic power and affect world’s economy. People cannot image that China’s economic growth so rapidly previous 30 years. It is a miracle in the world economic history and now makes it own performance and productivity for every moment. World need to revisit China’s position on economic. The booming of China’s economic is inevitable, behind the successful it depends on many factors. I am going to list four chief factors of help and stimulus China’s economy development. First, China has variety of resources and then large market with large potential profit. Also policy and government type, furthermore external economic circumstance. All these deeply and widely influence China’s economy attain today’s result. Evaluate the method of China attend economic incase because China is good at analyze it comparative advantage and able to use those strategy correctly. In brief, doing the right thing at right time and fully utilize advantages of itself therefore China catch the...

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3. McCall,M,M 2008, ‘SAING SOCIOLOGY’, Studies in Symbolic Interaction, vol.30, pp.45-53,viewed 25 September 2010, University of Illinois, Urbana, IL ,USA
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5. Lean, H, H & Song, Y, Z 2009, ‘The domestic savings and economic growth relationship in China’, Journal of Chinese Economic and Foreign Trade Studies, vol. 2, issue 1, pp5-17.
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