China's Economy

Paper Summary:

This paper explains that Chiang Kai-Shek believed that the imperialism and colonialism of the "Unequal Treaties" with Britain, Japan, the U.S. and Russia were a major reason for China's inability to develop any kind of an economy during the early part of the 20th Century. The author points out that, since the 1980s, China has been encouraging foreign investment by using "special economic zones" for foreign business, joining the World Trade Organization (WTO) and opening foreign competition with Chinese manufacturers especially in the retail petroleum sector. The paper concludes that the RAND Corporation's study of China's economy stresses that a major risk to the continued rapid growth of China's economy is the fragility of its financial system and state-owned businesses.


Table of Contents
Review of China's Recent Economic Past
Chiang Kai-Shek
Introduction to Today's China and the Chinese Economy
Sectors of the Chinese Economy That Are Expected to Grow in the Future
Manufacturing
Manufacturing (Electronics)
Manufacturing (Automobiles)
Energy (Oil)
Future Forecast for China's Petroleum Industry
Future Forecast for China Petroleum Development
Energy (Natural Gas)
Proposed Pipeline
Energy (Coal)
Future Forecast
Energy (Electricity)
Environmental Price in the Energy Sector
Clean-Up China's air pollution,
Financial (Foreign Transactions in China)
Financial (Banking)
Challenges Facing the Chinese Economic Outlook
Fragility of the Financial System and State-Owned Businesses

From the Paper:

"China is the world's most populous nation and the "second largest energy consumer" in the world, right after the United States, according to the Energy Information Administration (EIA) of the U.S. Department of Energy. China's dominant fuel at the present time is coal; China produces more coal - and consumes more coal - than any country on the planet. China also has recently passed Japan as the second-biggest consumer of petroleum, and China is a huge player in oil markets."

Sample of Sources Used:

• Chiang, Kai-Shek. China's Destiny. New York: Roy Publishers, 1947
• Chow, Gregory C. China's Economic Transformation. Princeton University: Blackwell Publishers, 2002.
• Energy Information Administration. "Country Analysis Briefs: China." U.S. Department of Energy. (2005). Retrieved 10 April, 2006, fromhttp://www.eia.doe.gov/emeu/cabs/china.html.
• Lardy, Nicholas R. China's Unfinished Economic Revolution. Washington, D.C.: BrookingsInstitution Press, 1998.
• National Intelligence Council. "Risks to Chinese Economic Growth." Central Intelligence Agency / RAND Corporation (2003). Retrieved 8 April, 2006, fromhttp://www.cia.gov/nic/NIC_globaltrend2020_s2.html.

More papers on China's Economy:

• Essay # 25811 : "Trading with the People's Republic of China"
• Research Paper # 91805 : " China's Emerging Markets"
• Analytical Essay # 141115 : "China as an Export Economy"
• Analytical Essay # 6737 : "Impact of China's Entry into the WTO"

APA Citation:

MLA Citation: