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The paper provides an overview of the economy of China and looks at the research and development institutions and scientific and technological pursuits in China. The paper then describes China's physical resources and discusses its energy production, including its growth, potential, conservation measures and import of energy.
From the Paper:"China unfortunately missed the Industrial revolution of the European continent in the 1800s, a fact which led them to revolution after World War II and a huge push to catch up and exceed the West since then. The current economy of the PRC is the third largest in the world, after the United States and Japan. It is also the fastest growing economy globally, in part because of the tremendous resources available, in part because there is little or no environmental regulation to increase modernization costs and/or limit companies from rapid growth. It has an average GDP growth rate of over 10%, but has also resulted in a number of income inequities (rising disparity between the very well off and the rural poor). China is the largest trading nation in the world - the largest exporter, and the second largest importer of goods, and the largest available workforce. In recent years, China has struggled to control social strife and improve the quality of living for its population, to reduce corruption, and to move almost 100 million surplus rural workers into low-paying, but subsistence, urban jobs. However, with the problems in the Western economies during 2008 on, many of China's manufacturing firms had fewer, or in some cases, no orders from the West, causing even more economic turmoil. China is attempting to increase its presence in the technological and pharmaceutical markets, though, to mitigate this."
Sample of Sources Used:
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- Chinese Government. (2010). Official Web Portal. Information. Cited in:http://english.gov.cn/2005-08/16/content_23691.htm
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Cite this Term Paper:
The People's Republic of China (2013, January 08) Retrieved April 06, 2020, from https://www.academon.com/term-paper/the-people-republic-of-china-152172/
"The People's Republic of China" 08 January 2013. Web. 06 April. 2020. <https://www.academon.com/term-paper/the-people-republic-of-china-152172/>