China's Economic Boom

Paper Summary:

The paper explores whether China's impressive growth over the last 20 years can be expected to continue in the next 20 years. The paper examines the business environment in China as the main attractor of foreign investments, as well as important macroeconomic malfunctions and potential problems that may come up. The paper concludes that while this rate of growth is likely to continue to grow, it is less likely to be able to grow at a similar speed. The paper adds that the Chinese government will need to take measures to consolidate the country's growth, especially in controlling inflation and in committing to reducing class discrepancies.

From the Paper:

"Since the beginning of the 1980s, with Deng Xiaoping's reforms that reduced state participation in the economy, encouraging private initiative and the development of private businesses, the Chinese economy has grown at staggering annual rates, often reaching 10 % GDP growth annually. While at the beginning this could have been justifiable with the low GDP that China was starting from, as a consequence of the Communist experiments that took place under Mao (The Great Leap Forward and the Cultural Revolution), the growth rates in the last years have remained unchanged. This shows more of an economy basing its growth of solid instruments and policies rather than just a one time wonder."

Sample of Sources Used:

• Chinese Economy. The US-China Business Council. Published June 2007 on http://www.uschina.org/info/analysis/2007/june-china-economy.html. Last retrieved on August 7, 2007
• Economic Survey of China 2005: Key challenges for the Chinese economy. Published September 2005 on http://www.oecd.org/document/7/0,3343,en_2649_37443_35343687_1_1_1_37443,00.html. Last retrieved on August 7, 2007
• Scahs, Jeffrey D. January 2004. Welcome To The Asian Century By 2050, China and maybe India will overtake the U.S. economy in size. Fortune - CNN Money. On the Internet at http://money.cnn.com/magazines/fortune/fortune_archive/2004/01/12/357912/index.htm. Last retrieved August 7, 2007
• Staff Writers. August 2007. China Economic Boom Polluting Seas And Skies Of East Asia. Terra Daily. On the Internet at http://www.terradaily.com/reports/China_Economic_Boom_Polluting_Seas_And_Skies_Of_East_Asia_999.html. Last retrieved on August 7, 2007

More papers on China's Economic Boom:

• Term Paper # 142654 : "The Aging Crisis in Modern China"
• Analytical Essay # 108056 : "The Rise of China"
• Analytical Essay # 116252 : "China's Monetary Policy"

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