How China Rises

In: People

Submitted By radia
Words 51278
Pages 206
How China rises
What lessons can be drawn from China's spectacular and sustained economic growth?
As Hu Jintau remarked at the 17th Congress of the Chinese Communist Party, the period since the previous Congress five years ago has been extraordinary. China's economic achievements have been arousing not only astonishment and admiration but also some anxiety.

In the past twelve months alone, The People's Republic of China (PRC) has overtaken Canada as the biggest source of imports to the USA, and overtaken the USA as the biggest source of imports to the European Union. Concern about the low level of investment in Africa has been displaced by concern about the effects of the high level of Chinese investment in Africa; there is now even anxiety about the effects of investment by Chinese state-owned firms into the Western economies.
The Chinese Communist Party is also expressing concerns. The themes of its 2007 Congress included protection of the environment and the achievement of social harmony. According to some estimates, China has displaced the USA as the world's biggest source of greenhouse gases. Inequality is rising as fast as pollution: China now has over 800 individuals with a personal wealth of more than a hundred million US dollars each, up from 500 in 2006; while the average income in rural areas of China is 480 dollars per year. Made in China.
Hu Jintau's remark on the extraordinary nature of the most recent years can be faulted in only one sense: China has been making phenomenal economic strides, and along the way accumulating serious social problems, for almost three decades.

How China achieved its status as the world's fastest-growing major economy is a matter, not just of academic curiosity, but of practical interest. The Cuban government, for instance, is being urged from within and outside the island to follow China's example in order,…...

Similar Documents

Rise and Risk of China

...The Rise and Risk of China Introduction Australia has felt the full impact of Chinas “extraordinary economic growth and active diplomacy” (Ikenberry 2011, 23) in East Asia. The power transition of China “becoming a formidable global power” (Ikenberry 2011, 26) is of growing importance to Australia’s economic prosperity and security (Shen 2009, 110). But as relative power begins to shift, the latest defence White Paper released last Friday May 3, stated “the relationship between the United States and China, the region’s and the globe’s two most powerful states, will more than any other single factor determine our strategic environment over coming decades” (Probyn and Wright 2013). Drawing upon the Research Thesis of Yi Shen at the University of NSW, the aim of this essay is to examine the repercussions of the US-China strategic rivalry over Taiwan. In the event of conflict, Australia would be forced to side with the US which “has kept Asia peaceful and Australia secure for many decades” (White 2011, 81). Maintaining a military alliance with the US as well as ongoing economic opportunities with China requires stable relations amongst Asian powers by adopting “the logic of concert” (White 2011, 90). As China becomes an ongoing threat to US primacy in Asia, it is in the best interest of Australia to maintain dual relations by the establishment of a new order that ensures regional stability and security throughout Asia. Clash over Taiwan Australia’s ability to......

Words: 1673 - Pages: 7

The Rise of China and Its Affect

...ELECTRONIC ASSIGNMENT COVERSHEET | | Student Number | 31963763 | Surname | Dendup | Given name | Tenzin | Email | Dendup.tenzin3@gmail.com | | | Unit Code | POL161 | Unit name | Asia Pacific in the Global System | Enrolment mode | Internal / external | Date | 13/05/2013 | Assignment number | 2 | Assignment name | Rise of China and Its Security Risk to Australia | Tutor | Kreisti Nillus | Student’s Declaration: * Except where indicated, the work I am submitting in this assignment is my own work and has not been submitted for assessment in another unit. * This submission complies with Murdoch University's academic integrity commitments. I am aware that information about plagiarism and associated penalties can be found at http://www.murdoch.edu.au/teach/plagiarism/. If I have any doubts or queries about this, I am further aware that I can contact my Unit Coordinator prior to submitting the assignment. * I acknowledge that the assessor of this assignment may, for the purpose of assessing this assignment: * reproduce this assignment and provide a copy to another academic staff member; and/or * submit a copy of this assignment to a plagiarism-checking service. This web-based service may retain a copy of this work for the sole purpose of subsequent plagiarism checking, but has a legal agreement with the University that it will not share or reproduce it in any form. * I have retained a copy of this assignment. * I......

Words: 2143 - Pages: 9

How Mc.Donalds Run Their Business in China?

...How Mc.Donalds run their business in China? Mc.Donalds penetrated the Chinese marke t in 1990. The number of Mc.Donalds store increase d to 500 during the thirteen-year perio d 1990-2003 in China. The number of Mc.Donalds store increase d to 500 during the only five-year peri od 2003-2008 in China. Now there are 1300 Mc.Donalds stores in China. How Mc.Donalds run their business in China? Mc.Donalds continued the operating poli cies and Americanized traditions in its early days in China. Mc.Donalds waited until the right time for moving aggressively into Chinese market. Mc.Donalds has been unable to take much market share from KFC in China. Mc.Donalds compiles the information about the rival company. How Mc.Donalds run their business in China? Mc.Donalds aims to expand their's chain stores in China. Mc.Donalds's brand image will be redesigned to suit preference of the chinese market. Mc.Donalds will newly open casual and European-style stores so that they will achieve brand differentiation in t he market How Mc.Donalds run their business in china? Mc.Donalds is planning to increase the number of its round-the-clock stores. More than half of the new stores will be planed to open are drive through outlet. Mc.Donalds is planning to increase the number of store offer delivery service. Mc.Donalds's service coverage expand to the area where they have already entered. How Mc.Donalds run their business in china? Mc.Donalds sell special products which is for a......

Words: 616 - Pages: 3

How to Do Business in China

...How To Do Business In China Now that business is becoming global, it combined the whole economic, no matter you will accept or not, any countries, corporations and individuals can not stop this trend, what we can do is change ourselves to suit the globalization. As a multinational company, develop different markets have its necessity, and market development can be helpful for the development of the company. In this report ,as the people working in this company, will analyze the differences between home country market and target country market, and help to choose the suitable market when company have willing to investing in a foreign country, the decision of the country which the company can invest in is China. In this report, will make analysis for Chinese market in economic environment, culture, marketing and human resource management, to prove its accessibility, and what risks the company will meet, then give some recommendations to escape or solve the problems. For the decision of target market, will based on its profitability and expansibility, China is a country that has the number of population as 1.3 billion, which means it has great predominance in consumption, now Chinese people’s consumption in household goods and home furnishings less 100 Yuan per capita, below the standard of world average as 200 dollars. But with the development of Chinese economic, there are 20 million people will enter the middle class per year, and with the increasing of people’s income...

Words: 1812 - Pages: 8

Microsoft and the Internet: How to Respond to the Rise of Google?

...MICROSOFT AND THE INTERNET: HOW TO RESPOND TO THE RISE OF GOOGLE? Microsoft started investing in the market for internet search and internet advertising in 2003. Despite some interesting technological and marketing moves, however, the company was still a distant third to Google 5 years later and was losing money. In the early 2009, Microsoft’s executives were wondering which bold strategic moves could be made to change this situation. How the Microsoft adventure began At the end of 2008, Microsoft, founded by Bill Gates in 1975, was a giant with revenues of $60 billion and operating cash flow of $22 billion. A large part of Microsoft’s success had come from operating systems for personal computers. Operating systems were the core software that coordinated a computer’s activities. In the early 1980s, Microsoft was chosen by IBM to develop the MS-DOS and to tailor it to IBM needs. Bill Gates, who believed that many other companies might also adopt the same system, sold IBM the rights to use the software for $80,000 but insisted that Microsoft kept the copyrights on MS-DOS. This worked beyond expectations as the many competitors -for instance, Compaq or Dell- who imitated the IBM PC adopted MS-DOS as well, paying Microsoft licence fees of $15 per machine. By the early 1990s, Microsoft had over 90% of the operating system business, Apple gathering most of the rest. Armies of developers were also developing hundreds of software applications that ran on MS-DOS. Microsoft’s......

Words: 3935 - Pages: 16

How Nike Figured Out China

...Marketing in Asia: How Nike Figured out China The China market is finally for real. To the country’s new consumers, Western products mean one thing, status. They can’t get enough of those Air Jordans. Nike swung into action even before most Chinese knew they had a new hero. The moment hurdler Lui Xiang became the country’s first Olympic medalist in a short-distance speed event – he claimed the gold with a new Olympic record in the 110 m hurdles last August. Nike launched a television advertisement in China showing Liu destroying the field and superimposed a series of questions designed to set nationalistic teeth on edge. “Asians lack muscle?’ asked one. ‘Asians lack the will to win?’ Then came the kicker, as Liu raised his arms above the trademark Nike Swoosh on his shoulder. ‘Stereotypes are made to be broken’. It was an instant success. ‘Nike understands why Chinese are proud’ says Li Yao, a weekend player at Swoosh-bedecked basketball courts near Beijings Tiananmen Square. Such clever marketing tactics have helped make Nike the icon for the new China. According to a Hill and Knowlton survey, Chinese consider the Middle Kingdom’s ‘coolest brand’. Just as a new Flying Pigeon bicycle defined success when reforms began in the 1980’s and a washing machine that could scrub potatoes became the status symbol a decade later, so the Air Jordan – or any number of Nike products turned out in factories in Asia – has become the symbol of success for China’s new......

Words: 2141 - Pages: 9

The Rise of South East Asia and the Effect of China

...------------------------------------------------- THE CHANGING BUSINESS ENVIRONMENT - LB5228 ASSIGNMENT TASK 2 KARTHIK NAMANI 12806313 KARTHIK NAMANI 12806313 An essay On: The rise of South East Asia and the effect of China Submitted to: Professor Chris Leggett An essay On: The rise of South East Asia and the effect of China Submitted to: Professor Chris Leggett The rise of South-east Asia and the effect of China Contents I, Introduction II, Body 1. Literature review: 2. South-east Asia Economic potentials 3. South-east Asia recent Economic performance 4. The likelihood to become significant players in the global economy Prospects and assessments 5. Implication on global economic III, Conclusion I, Introduction Asia is the most dynamic region in the world economy at present. The development of Asia is twice the rate when compared to the other regions. The policy orientation, which stresses free movement of capital, goods and services across the national boundaries are the reasons for the growth which is possible now. The economic efficiency and transfer of technology which foster shifts in productions and comparative advantages are the results of the enhancement. (Chong) Because of the Global Financial Crisis, Southeast Asia has been the Gold rush modern- day as international companies clamor to get a piece of the action. As the major part of the young population of 600million and the increasing middle class people are the...

Words: 3177 - Pages: 13

Rise of China Economy

...2011 THE RISE OF CHINA’S ECONOMY By Thomas G. Rawski Thomas G. Rawski, Professor of Economics and History, joined the University of Pittsburgh's faculty in 1985 after fourteen years at the University of Toronto. His research focuses on the nature and implications of recent developments and long-term changes in the economy of China. He delivered this paper at A History Institute for Teachers, March 19–20, 2011 on “China and India: Ancient Civilizations, Rising Powers, Giant Societies, and Contrasting Models of Development,” held at the University of Pennsylvania. This History Institute was co-sponsored by The Foreign Policy Research Institute’s Wachman Center as well as by three centers at the University of Pennsylvania – Center for East Asian Studies, South Asia Center, and Penn Lauder CIBER (Center for International Business Education and Research). 1 China’s remarkable economic boom, now in its fourth decade, has spawned numerous discussions of “China’s Rise.”2 Beijing’s self-congratulatory slogan “China’s peaceful rise” has advanced this theme. From a historical perspective, however, this terminology seems misplaced. Both the Ming (1368-1644) and Qing (1644-1912) empires occupied key positions in Asian trade and diplomacy. Crude figures compiled by Angus Maddison, author of several sweeping studies of global economic history, show China contributing nearly one-third of global output as late as 1820. The great boom of the late twentieth century has enabled China to......

Words: 4916 - Pages: 20

How Peaceful Is China’s Peaceful Rise?

...HOW PEACEFUL IS CHINA’S PEACEFUL RISE? 16 July 2014 at 17:01 HOW PEACEFUL IS CHINA’S PEACEFUL RISE? The People’s Republic of China has been taking great pains to point out to its neighbours specifically, and the world in general, that they have nothing to fear of its increasing power. This approach is epitomised by China’s emphasis on the term ‘peaceful rise’ to describe its expanding influence since 2004. Not only is ‘peaceful rise’ used to allay concerns that China will use its power to further its goals at the expense of other nations, it is also used to directly contrast the PRC with the United States who have been embroiled in the same period in the controversial War on Terror. Given the prominence of the claim of the claim it is clearly in the interests of understanding international and regional developments that we pose the question “How peaceful is China’s peaceful rise?” As this essay will show, in light of the PRC’s domestic aims and because of China’s historical and cultural experiences, any attempt to answer question is contradictory, and depends on the region. The question of China’s contradictory peaceful rise is explained most completely by the theory of neoclassical realism. Neoclassical realism argues that it is the aim of states to gain power to pursue what they deem is in their national interests. It breaks down the state’s efforts in that respect into two spheres, the internal and the external. The external sphere is similar to other theories of...

Words: 3553 - Pages: 15

How Revolutionary Was China 1850-1920

...During the years of 1850-1920 China did have some factors of being revolutionary, the decline in imperial China, their rise of their military as well as the change in the political parties, China also had factors of being a continuation such as their economy and the leaderships. However there wasn’t many factors of China showing to be a continuation this was because China was changing massively and at a fast rate during this period of time. One way to show that China was a revolutionary was the Boxer Rising. This was a popular anti-western movement in China, which was supported by peasants (such as farmers) uprising in 1900 which was set up to drive all foreigners out of China. It was a violent anti-foreigner and anti-Christian movement; it was motivated by proto-nationalists and backed by the empress dowager CIXI. In 1900 the Boxers besieged the foreign embassies in Beijing for two months until they were relieved by an international force. The rising was intervened by the Great Powers, which defeated the Chinese forces; because of this it further reduced the authority of the QING dynasty. The Boxer Risings changed China quite a lot: It made the leaders of China realise that they had to modernize and adopt European technology as well as this it also helped to opened the doors for Revolutionary movements such as the Communist Party and the to rise and to gain the support of China's people. Another factor that shows how revolutionary China was, was the End of the Chinese......

Words: 714 - Pages: 3

Reaction (China May Lean More on Interest Rate Rises to Fight Inflation)

...China may lean more on interest rate rises to fight inflation http://economictimes.indiatimes.com/news/international-business/china-may-lean-more-on-interest-rate-rises-to-fight-inflation/articleshow/9195508.cms Fighting inflation while keeping the domestic currency weak to stimulate exportation is a very prominent problem that most likely every policymaker would rather choose not to handle. It is known that an increase on interest rate would have various economic effects such as of the increase of government debt’s interest payments that would lead to higher taxes in the future, increase of incentive to save in a deposit account due to interest gained, increases the cost of borrowing that will lead to the fall of other areas of consumptions, increase in mortgage interest payments that will have a significant impact on personal disposable income, and most of all raised interest rate will increase the value of the domestic currency, which in case of China becomes unfavorable being an export-driven country. As being called by China “its most prominent problem”, the increase in interest rate was seen widely appealing to US policymakers who has been accusing China of maintaining low interest rates to keep yuan low and exports cheap. Though the said action is considered as Chinese authority’s way of balancing their economy it certainly may speculated that the US and China are in some sort of a deal. The move follows a clear need by the Chinese authorities to take out some of...

Words: 295 - Pages: 2

The Rise of Modern China

...The rise of modern china Student’s Name Name the course Instructor’s name Date   Erez Manela immediately after world war one, started writing on international and transnational arena, his writings revolve around 1919 Paris peace conference from the perspective of an outsider. Erez chose not to focus on the subsequent peace process that followed after the war and its impact on the main powers like European powers but rather he focused on the impact of the peace process on the side states like Korea and china. These countries didn’t play a major or rather significant role in the peace process in fact they were largely ignored. Central to his thesis is the Wilsonian message of national self-determination and equality among states. To be well conversant with the encumbrance and openings implanted in China's the excellent place to start is on Jonathan D. Spence's good new book. ''The Search for Modern China,'' a detailed account across centuries from the fall of the Ming dynasty in 1600 up to the point of death of the democracy movement in June 1989, will educate everybody students and public alike of Chinese history. The effect and similar causal sequence of Wilson's discourse from 1918 up to the end of Paris peace conference is what Manela defines as the "Wilsonian Moment. As per Manela, Wilson radical ideals was based on his need and determination for all the nations of the earth to become self-governed and to embrace colonial ideologies. Wilson was directing his message to......

Words: 1579 - Pages: 7

How China Reshape It Car Design

...How China's Dirty Cities Are Reshaping Car Design Across World For global automakers, China is becoming the new California. The U.S. state grabbed the lead a few years ago in establishing fuel-efficiency standards to clean up urban smog. Now, as China struggles with its air-pollution crisis, Beijing increasingly influences the models and technology Detroit, Europe and Japan sell around the world. In response to government rules and incentives that have spurred electric-car sales in China, automakers are beefing up their global electric-vehicle and plug-in offerings. General Motors Co. plans to make a plug-in hybrid version of every Cadillac model. Ford Motor Co. has budgeted $4.5 billion to develop 13 new EVs and plug-in hybrids by 2020, and China is a big reason for both automakers. Daimler AG’s Mercedes-Benz is selling five plug-ins in China, two of which also sell in the U.S. Similarly, BMW AG is engineering plug-in hybrids it sells worldwide to meet China’s electric-drive mandates. “Originally we started with California rules, so the starting point for us was clearly the U.S.,” said Klaus Froehlich, BMW’s global head of product development. “Now, China is a key market. It is very important and the regulations are quite difficult.” Decisions made in Beijing already are affecting cars people drive in Dallas and Los Angeles. That’s because automakers tend to design new models to sell in multiple regions -- and China is the world’s largest auto market. GM engineered its new...

Words: 1110 - Pages: 5

Can India and China Rise Peacefully?

...Eli GreenspanGVPT409HKastner05-10-2012Can India and China Rise Peacefully?India and China are two of the world’s oldest civilization-states and are now aspiring superpowers engaged in the global economy and possess expanding military capabilities.1Cultural and economic ties date back to Ancient times when the Silk Road was used as a major trade route between the two great countries. Over the course of the 20th century, relations between the two ranged from allying and friendship, to intense conflicts over border disputes.2Despite these crisis’s, the two nations have developed close economic ties that are mutually beneficial. Trade has increased dramatically over the past decade and companies form joint ventures to further ties. History shows that this has not always been the case, and the competitivenature between the two states stems from border disputes from the early 1950s to the late 1980s.3Despite gestures towards a peaceful partnership throughout the 1950s, those gestures were challenged by actions in the disputed territories. The Five Principles of Peaceful Coexistence, signed in 1954, is an example of such cooperation. However, China nor India 1Malik, Mohan. "India-China Relations: Giants Stir, Cooperate and Compete." Asia-Pacific Center for Security Studies (2004).2Malik, Mohan. 3 Malik, Mohan.1 followed these closely and still lead to major conflict following these meetings. Nevertheless, this agreement stated the principles as:1.Mutual respect for each other’s......

Words: 2676 - Pages: 11

China and Rise of Disposable Income

..."The rise in disposable income and the change in government policy has created an environment for global companies to enter the Chinese market." we will focus on luxury products Question - How has the income levels changed in the Chinese economy and what factors contribute to the change in the income levels. Also what factors (from an income standpoint) should western firms keep in mind when deciding to serve the Chinese market. As per the Mckinsey Global Institute (MGI), in 1985, 99 percent of the household lived on income less than 25,00 reminbi, or $3019 per year. An estimated 116 million people in china were living less than $1 a day, by 2004 this number has been by 53 percent to just under 54 million. This has been a historical achievement in one generation. Chinas pro-market reforms and integration into the global economy has enabled China to achieve such success. As real average disposable income for households has grown 3.2 times over the past 20 years to 25,348 renminbi today, china has developed a structure of distinct income levels and the rise of the middle class. Even though there remains a huge income gap between the rural and urban population. The disposable income for people living in the rural and urban population is increasing. The diagrams on the right depict the rise in their disposal income level in urban and rural households. Due to the rapid pace of urbanization in China, the annual disposable income per capita for urban households is......

Words: 1896 - Pages: 8