China s Impact On China - 1321 Words

Moreover, after setting up economic institutions and an industrial base, Deng Xiaoping established various Special Economic Zones in China that allowed for increased foreign investment, helping to develop China’s commercial growth. As described before, when Deng Xiaoping came to power, his goal was for China to fulfill the Four Modernizations: modernization in agriculture; industry; science and technology; and defense. Deng believed that the only way China could keep up with Western countries was if China achieved the Four Modernizations. Specifically, in order to achieve the Four Modernizations, Deng had to fulfill a two-step goal. The first stage was to build up economic institutions and to set up a strong industrial base, both of which had been denied to China during Mao’s Cultural Revolution. The second stage of the Four Modernizations was China’s emergence from isolation and integration into the global economy, both of which were crucial for China’s c ommercial economy to develop. Deng Xiaoping’s biggest accomplishment was his achievement of this second goal. Specifically, the period of time when Deng reformed and opened up China to the world is known as æ” ¹Ã©  ©Ã¥ ¼â‚¬Ã¦â€ ¾, which is pronounced Gaige Kaifang. What separated Deng Xiaoping from other leaders in the past was that Deng’s method of thinking was very pragmatic. He recognized Mao as a hero to modern China, but also believed that some of Mao’s policies were wrong. Deng’s famous quote was: â€Å"é »â€˜Ã§Å' «Ã§â„¢ ½Ã§Å' «Ã¦Å â€œÃ¤ ½ Ã¨â‚¬ Ã© ¼  Ã¥ ° ±Ã¦Ëœ ¯Ã¥ ¥ ½Ã§Å' «,† which translates toShow MoreRelatedChina s Impact On China1080 Words   |  5 Pagesthe main places we produce manufactured goods in China. Unlike America, China has a higher population, no laws regarding labor, or pollution. The population of China is a lot higher than the U.S, making poverty a bigger issue, so in order to support their families having a job is important. Kids as young as 14 go to school specifically for their jobs, and work all day to eventually move in the ranks and make their family proud. The people of China have to work, despite the conditions and the longRead MoreChina s Impact On China1181 Words   |  5 Pagesmany decades, China has always been technologically and economically ahead of Europe. The invention of gunpowder, printing, and the compass started in China and was later dispersed throughout Europe. These inventions changed China as much as they changed Europe. These inventions also caused a gap between China and Europe. By the late eighteenth century, industrial revolution first started its spread from Europe.The transformations within Europe began to further accelerate while China was falling behindRead MoreChina s Economic Impact On China Essay2057 Words   |  9 PagesExecutive Summary Over the years, China has been developed rapidly not only in terms of their economic growth but also industrial development, which bring opportunities for investors to invest in China. There are some main areas of PEST related to automobile industry in China that investors might want to consider before they intend to invest in the industry. Recently in China, there is an ongoing promote rule of law. A legal system has been developed to restrict of official authority and revolutionaryRead MoreChina s Impact On China1762 Words   |  8 Pagesany case, it appears that China is depicted as a capable country with the right systems set up to build up and convey this idea effectively. As China is not the main nation to implement the SEZ arrangement, however, China is by all accounts fruitful in drawing in and boosting China s economy, which makes their SEZ strategy one to copy. There is clear proof from numerous analysts that there has been development and an expansion in exports across nu merous urban areas in China specifically the SEZ rangesRead MoreChina s Economic Impact On China883 Words   |  4 PagesChina becomes the second largest economy in this world and it has showed the remarkable economic performance over the last two decades after The United States. China’s gross domestic product (GDP) as Share of World GDP at PPP 25 years ago only reached around 4.7%, now China contributes 16.32% of world GDP. China exports the relative cheap products that lowered consumer prices across the globe, and its imports have had a major impact on global commodity prices. China also has become a major hub ofRead MoreChina s Economy And Its Impact On The Economy Essay2332 Words   |  10 Pagesattractive 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 strong ramifications for marketers. To begin with, China’s economy is far more diverse,. China’s superior infrastructure over other developing countries has significant implications for marketers in terms of establishing routes to market. Consequently, China is now often seen as the most lucrative opportunity in the developing worldRead MoreChina s Impact On Life Expectancy1865 Words   |  8 PagesAs one of the largest and most populated countries in the world with 20% of the world’s population at 1,364,270,000 (2014) and a civilisation dating back to more than 3,500 years; China had one of the most stable and rapid economic growth rates of the past 30 years. Located in East Asia and holding the second largest land mass of any single country in the world covering approximately 9.597 million km ². Most of this vast population are located in the East of the country as the Eastern regions areRead MoreThe Positive Impact Of Consumption On China s Economy1514 Words   |  7 Pages The Positive Impact of Consumption on China’s Economy Diane Boccara Palm Beach State College ECO2013 Warren Smith 11/11/14 Abstract This paper first gives a brief overview of the country of China and its economical background. Then, it focuses on consumption as a market determinant of China’s recent change in economic growth. The paper analyzes the impacts of consumption and how it influences macro outcomes by comparing statistics and linking them to an increase in consumption. Read MoreChina s Impact On Economic Development Essay2487 Words   |  10 PagesChina is one of the most talked about countries in the world today. There are many reasons for this, but first one of the most obvious would be the recent incline in economic development. Since the early 1900’s China has expanded its economy to record highs. This economic boom is driven off of the countries build up of product driven economics. Many of the products are wide ranging, but of the jobs and exports have been created from the recent technology boom. The economy in China is also drivenRead MoreChina s Economic Impact On Economy Essay105 1 Words   |  5 PagesChina Economy Ever since the initiations market reforms in 1978, China has over time turned from the common central-planned economy to market based economy contributing to it experiencing rapid economic as well as social development. China’s GDP growth index averaging close to ten percent annually has promoted 500 million and above people out of abject poverty. Recent reports suggests that China has realized almost all of its Millennium Development Goals or at within realization. The state’s population