Preview

Advantage of China Economic

Better Essays
Open Document
Open Document
1246 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Advantage of China Economic
1st advantage
China has a more developed than in many developing countries and the balance of trade, China's much faster rate than India has been since the 1950s, manufacturing growth. In 1980, when China and India in the gross domestic product (GDP) per capita more or less equal, China has enjoyed a strong advantage in manufacturing. 2nd advantage
China's strong and effective state machinery has been modernized and effective tool for mobilizing resources. Despite the belief of the free market as the only reliable tool for the development of the advantages, the fact is, South Korea and Taiwan has been the modernization of state-led. China increased by only one example, despite the fact that, since the 1980s, a smaller share of economic activity in the account, rather than in the 1949-1979 state. China is able to pour huge amounts of state money, the development of new industries and new export processing zone (EPZ), great infrastructure, and a few developing countries compete. This also applies to the exercise of social control by the Chinese state level.
3rd advantage
Large-scale China - 1.3 billion people, a big country - has greatly magnified the effective state-led economic growth and superior manufacturing advantages. It produces the benefits of economies of scale. Her huge export processing zones set up out of nothing, and now China houses the world's export processing zones, two-thirds of the workers. This advantage to help China build its own specialized three basic manufacturing clusters, each. The first is the Pearl River Delta (including Hong Kong's main export channel), specializing in labor-intensive manufacturing, production of spare parts and their General Assembly. Second, the Yangtze River delta, specializing in capital-intensive industries: automotive, semiconductors, mobile phones and laptops, computers, and others.
4th advantage
Legacy of land reform. Is generally considered China's land reform more successful than India.

You May Also Find These Documents Helpful

  • Powerful Essays

    As of 2014, the Gross Domestic Product (GDP) rankings of China and India were #2 and #10, respectively, according to the International Monetary Fund (IMF) world economic outlook. The United States is currently ranked as #1. According to the same study, when GDP was based on Purchasing Power Parity (PPP), China was ranked at #1 and India at #3, with the U.S. ranked at #2 (Kolesnikov, 2014). It is clear that the economies of China and India are notable up-and-comers on the world economic stage. I believe that the theories of "absolute advantage" and "government policy" can show how China and India have risen in recent history.…

    • 1036 Words
    • 4 Pages
    Powerful Essays
  • Best Essays

    China’s economy has grown substantially since 1960. The population of the second largest economy in the world shot up by 73 million people over the past decade. New data from the National Bureau of Statistics show that of China’s 1.35 billion people, 51.3% lived in urban areas at the end of 2011. In the past five decades and more, major industrial products have increased by dozens or even hundreds of times, and many industrial products have been sold all over the world. Since 1996, China has led the world in the production of steel, coal, cement, farm-use chemical fertilizers and television sets. As these industries increase, the area needed to…

    • 3526 Words
    • 15 Pages
    Best Essays
  • Powerful Essays

    China’s influence in the world economy was minimal until the late 1980’s but we are now seeing China being one of the most independent countries and leading the manufacturing producing market. China started with a fragile economy with minimal infrastructure from frequent revolutions and invasions in 1949. In the early 1980’s, China’s economy was still extremely weak as a result of its inward looking government system of a socialist planned economy under the Mao government. This resulted in living standards below world averages and economic growth at nearly zero. China has risen from the edge of economic obscurity to lead the world in terms of economic growth, and this is done is just over a quarter of a decade. The People’s Republic of China has transformed from a planned economy into a socialist market economy and is now the world’s second largest economy to the USA being number one, by nominal GDP at $7.3 trillion and by purchasing power parity (PPP). “Pay attention to what’s going on in China. “ – Jeff Mbanga – The Observer.…

    • 2351 Words
    • 10 Pages
    Powerful Essays
  • Powerful Essays

    China on the other hand is hesitant to revalue. China has been going through an amazing bout of growth over the last couple of decades which they are cautious to undermine. Since 1978 China has averaged over 8 percent growth annually (Shane and Gale, p-02). In achieving this growth, China has gone through a series of structural changes with respect to the governing of their economy, most notably a transition from a centrally planned economic allocation of resources to a more socialized market influenced system of governance. While this transition has provided the impetus for their growth, their transition is far from complete and is beset…

    • 3939 Words
    • 16 Pages
    Powerful Essays
  • Good Essays

    China are the world’s biggest exporter and second biggest in importers. This status is relevant because the North American and European economies suffered from the crisis in 2008-2009 and other countries needed an exporter country. China didn’t suffer from the crisis and showed potential. Countries exported to China and this helped the global recession from being worse. Also due to an increased activity of trade China is involved in, it has motivated a South to South trade.…

    • 989 Words
    • 4 Pages
    Good Essays
  • Best Essays

    In 2010, China became the world largest exporter. Before 1997, China’s economy was based on a closed, centrally planned system and then they changed to a market oriented system with a major role in the global economy.…

    • 2216 Words
    • 9 Pages
    Best Essays
  • Good Essays

    The country’s economic gain was conducted by the state of China, which set fixed controlled prices, manufacturing objectives, and resources available in the economy. The main goal of the Chinese government is to allow China’s economy to be a more relatively self-sufficient system. Trade was usually narrow to gain only goods that could not achieve in China. China theories made the economy comparably ineffective, inactive, by reason of many prospects of the economy of their centralized government. After the death of Mao in 1978 China decided to disconnect its ties that it had with the soviet-style policies. The economy was then reformed, corresponding to the free market ethic and trade and investment of the United States. China intent is to, boost both economic growth and living…

    • 584 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    China and Russia are both advocates of state capitalism – a form of capitalism that relies on the intervention of the state to boost and support certain industries. Over the past three decades, China’s GDP has grown at an average rate of “9.5%” according to the Economist in a special report. (1) Not only is it successful on a macroeconomic scale, it can also show success on a microeconomic scale: three Chinese state owned companies rank among the world’s ten biggest companies by revenue, and the top 129 Chinese state owned enterprises in 2010 had net profits of $151 billion, according to the same report. It is also argued that it makes it “easier for emerging countries to learn from the rest of the world.”…

    • 1738 Words
    • 7 Pages
    Powerful Essays
  • Better Essays

    China U.S Business Partner

    • 1213 Words
    • 4 Pages

    No one will criticize stating that the U.S. and China are the most influential countries in the current global industry. What happens in the economic market in one of both countries directly reflect to the world economy. Even though they both have the substantial economic strength, they have nothing in common; the history, the way they have been developed, the impression that they show to the world, etc. are all different. The way of becoming powerful countries are not easy to analyse with just few theories. However, one of the important theories is the difference in their regime which started to affect since 1950s.…

    • 1213 Words
    • 4 Pages
    Better Essays
  • Good Essays

    China is between a LEDC and a MEDC and is growing at a extremely fast rate which is thought to be “unhealthy”. China’s main port (which there are 200 of) are growing at a huge…

    • 617 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    There are a lot of common factors between India and China, similarly there is a large number of factors which are completely diverse in nature between these 2 countries. The basic intention of this comparative study is to first understand how differently the 2 countries have progressed and what are the factors that contributed for their growth and which of these can be used by the other to further vault the growth rate of each of these 2 great countries. Before comparing let us understand the position of these 2 countries and where they are currently placed in terms of the GDP, distribution of GDP among the 3 main…

    • 7647 Words
    • 31 Pages
    Powerful Essays
  • Good Essays

    State Capitalism

    • 976 Words
    • 4 Pages

    State capitalism in emerging markets is triumphing over liberal capitalism. State capitalism occurs when the government actively intervenes with firms and companies to boost economic growth. For example, the Chinese state accounts for 80% of the country’s companies. Hence, by controlling these multinational corporations (MNCs), the China government shapes the overall market by managing its currency, directing funds to favored industries and working closely with Chinese companies both national and abroad.…

    • 976 Words
    • 4 Pages
    Good Essays
  • Good Essays

    The theory of comparative advantage states that if two countries each specialise in the product with the lowest opportunity cost, and then trade, real incomes will increase for both countries. India is one of the world’s largest countries by both land mass and population. It is located in South Asia, bordering the Arabian Sea. India is considered one of the major forces in the global economic market although it is still a developing economy. India receives huge amounts of FDI (foreign direct investment) due to its skilled workforce, cheap labour and increasing size of the national market from the rising number of middle-class citizens.…

    • 965 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    China is one of the fastest growing economies. It is the world’s second largest exporter and third largest importer. It has the world’s largest standing army with…

    • 426 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Oldktown Economy Case Study

    • 3008 Words
    • 13 Pages

    China’s economy is majorly made up of mixed economy because it has features of a market economy and a planned economy (Chow, 2011). They also became one of the largest exporters all over the world and manufacturer for many types of goods. Besides that, China plays a major role in terms of trading and purchasing power internationally. Deng Xiaoping, the late leader of China starts to reform the economy and politics in China since the 30 years ago with average 10% GDP growth (The Economist, 2014). The reformation is a great success that he brought to the country as the government's planning and direct control is reduced massively (China Economic Reform Timeline, 2014). As China is the 4th largest country in the world, it has a massive land area and abundant with natural resources (Economy, 2013). This added advantage allows China to be a platform where almost everyone wants to start their business in or even deal with…

    • 3008 Words
    • 13 Pages
    Powerful Essays