China's Economy Today Term Paper by Nicky

China's Economy Today
A look at the economic growth and expansion of the nation of China.
# 149173 | 826 words | 2 sources | APA | 2011 | US
Published on Nov 28, 2011 in Economics (National) , Asian Studies (General)


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Description:

The paper relates the statistics on China's current gross domestic product (GDP) and per capita output and reveals that although the global economic downturn has greatly affected the country's overall economic structure, the economy seems strong enough to withstand this crisis. The paper looks at China's foreign direct investment and at the rates of unemployment and inflation. The paper also notes that business cycles within China have for the most part depended upon reforms, the export and import of goods from all over the globe and the country's continuing efforts to phase in other changes in order to keep up with a rapidly changing global economy.

From the Paper:

"One of China's greatest economic strengths is based on foreign direct investment, for the World Bank estimates that around $80 billion US dollars are invested in China on a yearly basis. However, one of its most important weaknesses is the existence of corruption at the local level, a situation which the Chinese government has attempted to eliminate through a slow and long-drawn out process. Nonetheless, economists predict that China, "via a sustained rate of growth will enable it to surpass the U.S." to become the world's largest and most powerful economy sometime in the early years of the 21st century ("China Economy," 2009, Internet).
"As to unemployment and inflation, according to the Chinese National Bureau of Statistics, the total number of urban unemployed in 2008 stood as around 8.3 million with the country's total unemployment rate at approximately 4.0%. Between 2004 and 2007, the unemployment rate decreased from about 10% to 4.2%, an indication of China's rapid economic growth. With inflation, in 1980, the rate stood at about 7.5% for urban residents, then spiked in 1985 to 11.6%. Between 2003 and 2006, the rate of inflation plummeted to about 1.8%, far lower than the U.S. and other developed nations ("China Economy," 2009, Internet)."

Sample of Sources Used:

  • "China Economy." (2009). EconomyWatch. Internet. Accessed June 23, 2009 fromhttp://www.economywatch.com/world_economy/china.
  • Huntington, Samuel P. (1996). The Clash of Civilizations and the Remaking of WorldOrder. New York: Touchstone Books (Simon & Schuster).

Cite this Term Paper:

APA Format

China's Economy Today (2011, November 28) Retrieved July 03, 2022, from https://www.academon.com/term-paper/china-economy-today-149173/

MLA Format

"China's Economy Today" 28 November 2011. Web. 03 July. 2022. <https://www.academon.com/term-paper/china-economy-today-149173/>

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