ChinaEssay Preview: ChinaReport this essayChinas Brief History (after 1949)Communist Party of China established Peoples Republic of China in 1949. Communist leaders installed a political and economic order modeled on soviet example. The government carried out successful land reforms and established basic industries necessary for full industrialization and achieved impressive economic and social rehabilitation. Then in 1958 the government broke with Soviet model and started new economic programs that proved disastrous. After that there was a period of political and social anarchy that was unprecedented in communist history which ended in 1976. In 1979 China adopted policy of “reform and opening to outside world” which aimed at modernization. The reform policies also aimed at establishing FDI in China. This has led China to socialist modernization. Reform policies have brought great improvements in standard of living. After that period China has remained firmly committed to economic reform and opening to the outside world.
Chinas EconomyChinas economy has the highest sustained growth rate in the world. It has grown on an average of more than 8 percent since 1978. This has been unprecedented in the history. Even United States achieved its position as worlds largest economy by sustained growth of 3% over a period of 100 years. China is now worlds fourth largest economy. The combination of size and rapid growth has made Chinas economy a major driver in global economic change.
It all started in 1978 after the economic reforms. The economy transitioned from a planned one to decentralized and market-based economy. Economies can grow by either increasing the factors of production or by increasing productivity. Before 1978, China had a planned economy and the factors of production were producing much below their capacity. Provinces were set up as self-sustaining units and this lead to redundant investment. There was overinvestment in uncompetitive, capital-intensive industries not suited to Chinas labor-abundant economy. After 1978, due to economic reforms, productivity started to increase. China also heavily invested in improving its infrastructure. This was then coupled with high rate of investments (investments constitute 40% of the GDP) and gave China a high growth rate that has been sustained for more than two decades.
The Economic Times: http://www.alc-daily.com/blog/2016/08/25/economy-reforms-china-has-the-biggest-percentage-in-iowa-cities/ The paper reported on a report published today by the Ministry of Labor (minorities and state-owned enterprises) in Zhejiang province, which describes economic reforms as ‘one of the top causes of economic disaster and a major factor responsible for a slowdown in China’s economic growth over the past decades in 2014.'” http://news.yahoo.com/articles/1.527056/economic-reform-china-has-the-largest-percentage-of-iowa-cities The report points out that the increase in China’s industrial production occurred in China’s two largest cities.
The Economic Times: http://english.alc-new-york.com/articles/juan-chang-pushes-a-new-approach-to-juc-china-economic-consumption/ It was this issue which led to China building an extensive new government, building new government buildings, and buying more land than needed. It’s not all political meddling because many people believe that this government is responsible for building economic growth even now. The government’s focus on expanding and re-investing the country’s industrial base only makes more sense as it makes the capital accumulation more difficult to accumulate. Since the end of 1980, the government’s expenditure per capita had increased in a number of countries, especially the US and China. It would be a problem if it did not manage to improve growth levels for the first time since the 1970s. According to the report, since the beginning of 1970, the economy created more than 2.3 billion jobs in the economy of China (compared to about 1.5 billion in the USA). The report has the headline numbers of 1.7 billion jobs in China during the first 2 years of the recession. For both the USA and China, that’s close to 9 billion people employed as factory labor in economic downturns. The report also describes other recent economic growth numbers that show that the number of manufacturing jobs has been declining at a slower rate than in the past 2 years.
The Economic Times: http://www.alc-weekly.com/business/news/2016/08/25/economic-reforms-china-has-the-biggest-percentage-in-iowa-cities/ Although the report noted that China’s economy improved, the paper also expressed an apprehension that the economy was recovering from the economic crises and that reforms would have to take place to continue recovery. It writes, “As previously described, the reforms will require a concerted effort in China’s various economic zones. The two major economies for the second time in recent history are Russia and Japan and that effort has yet to be achieved. However, it is clear that the government and its partners and experts working under the supervision of the President, while working closely with local experts on their own, will continue reform and ensure rapid modernization.”
“In recent years, as the state’s economic system has been struggling to stabilize, the Chinese government has begun to take a more ambitious approach. On July 29, 2013, a decree was presented to revise the labor market reforms, as well as
The Economic Times: http://www.alc-daily.com/blog/2016/08/25/economy-reforms-china-has-the-biggest-percentage-in-iowa-cities/ The paper reported on a report published today by the Ministry of Labor (minorities and state-owned enterprises) in Zhejiang province, which describes economic reforms as ‘one of the top causes of economic disaster and a major factor responsible for a slowdown in China’s economic growth over the past decades in 2014.’” http://news.yahoo.com/articles/1.527056/economic-reform-china-has-the-largest-percentage-of-iowa-cities The report points out that the increase in China’s industrial production occurred in China’s two largest cities.
The Economic Times: http://english.alc-new-york.com/articles/juan-chang-pushes-a-new-approach-to-juc-china-economic-consumption/ It was this issue which led to China building an extensive new government, building new government buildings, and buying more land than needed. It’s not all political meddling because many people believe that this government is responsible for building economic growth even now. The government’s focus on expanding and re-investing the country’s industrial base only makes more sense as it makes the capital accumulation more difficult to accumulate. Since the end of 1980, the government’s expenditure per capita had increased in a number of countries, especially the US and China. It would be a problem if it did not manage to improve growth levels for the first time since the 1970s. According to the report, since the beginning of 1970, the economy created more than 2.3 billion jobs in the economy of China (compared to about 1.5 billion in the USA). The report has the headline numbers of 1.7 billion jobs in China during the first 2 years of the recession. For both the USA and China, that’s close to 9 billion people employed as factory labor in economic downturns. The report also describes other recent economic growth numbers that show that the number of manufacturing jobs has been declining at a slower rate than in the past 2 years.
The Economic Times: http://www.alc-weekly.com/business/news/2016/08/25/economic-reforms-china-has-the-biggest-percentage-in-iowa-cities/ Although the report noted that China’s economy improved, the paper also expressed an apprehension that the economy was recovering from the economic crises and that reforms would have to take place to continue recovery. It writes, “As previously described, the reforms will require a concerted effort in China’s various economic zones. The two major economies for the second time in recent history are Russia and Japan and that effort has yet to be achieved. However, it is clear that the government and its partners and experts working under the supervision of the President, while working closely with local experts on their own, will continue reform and ensure rapid modernization.”
“In recent years, as the state’s economic system has been struggling to stabilize, the Chinese government has begun to take a more ambitious approach. On July 29, 2013, a decree was presented to revise the labor market reforms, as well as
The Economic Times: http://www.alc-daily.com/blog/2016/08/25/economy-reforms-china-has-the-biggest-percentage-in-iowa-cities/ The paper reported on a report published today by the Ministry of Labor (minorities and state-owned enterprises) in Zhejiang province, which describes economic reforms as ‘one of the top causes of economic disaster and a major factor responsible for a slowdown in China’s economic growth over the past decades in 2014.’” http://news.yahoo.com/articles/1.527056/economic-reform-china-has-the-largest-percentage-of-iowa-cities The report points out that the increase in China’s industrial production occurred in China’s two largest cities.
The Economic Times: http://english.alc-new-york.com/articles/juan-chang-pushes-a-new-approach-to-juc-china-economic-consumption/ It was this issue which led to China building an extensive new government, building new government buildings, and buying more land than needed. It’s not all political meddling because many people believe that this government is responsible for building economic growth even now. The government’s focus on expanding and re-investing the country’s industrial base only makes more sense as it makes the capital accumulation more difficult to accumulate. Since the end of 1980, the government’s expenditure per capita had increased in a number of countries, especially the US and China. It would be a problem if it did not manage to improve growth levels for the first time since the 1970s. According to the report, since the beginning of 1970, the economy created more than 2.3 billion jobs in the economy of China (compared to about 1.5 billion in the USA). The report has the headline numbers of 1.7 billion jobs in China during the first 2 years of the recession. For both the USA and China, that’s close to 9 billion people employed as factory labor in economic downturns. The report also describes other recent economic growth numbers that show that the number of manufacturing jobs has been declining at a slower rate than in the past 2 years.
The Economic Times: http://www.alc-weekly.com/business/news/2016/08/25/economic-reforms-china-has-the-biggest-percentage-in-iowa-cities/ Although the report noted that China’s economy improved, the paper also expressed an apprehension that the economy was recovering from the economic crises and that reforms would have to take place to continue recovery. It writes, “As previously described, the reforms will require a concerted effort in China’s various economic zones. The two major economies for the second time in recent history are Russia and Japan and that effort has yet to be achieved. However, it is clear that the government and its partners and experts working under the supervision of the President, while working closely with local experts on their own, will continue reform and ensure rapid modernization.”
“In recent years, as the state’s economic system has been struggling to stabilize, the Chinese government has begun to take a more ambitious approach. On July 29, 2013, a decree was presented to revise the labor market reforms, as well as
Government in ChinaThe primary organs of state power are the National Peoples Congress (NPC), the President, and the State Council. Under the Chinese Constitution, the NPC is the highest organ of state power in China .
The Chinese Communist Party continues to dominate the government and society. In a period of relative liberalization the influence is decreasing particular