Inb 410
Course: INB 410 Assignment:
INTRODUCTION
China is situated in eastern Asia on the western shore of the Pacific Ocean, with an area of 9.6 million square kilometers. China's continental coastline extends for about 18,000 kilometers, and its vast sea surface is studded with more than 5,000 islands, of which Taiwan and Hainan are the largest.
Since initiating market reforms in 1978, China has shifted from a centrally planned to a market based economy and experienced rapid economic and social development. GDP growth averaging about 10 percent a year has lifted more than 600 million people out of poverty. All Millennium Development Goals have been reached or are within reach.
China is the world's most populous country, with a continuous culture stretching back nearly 4,000 years. Many of the elements that make up the foundation of the modern world originated in China, including paper, gunpowder, credit banking, the compass and paper money.
After stagnating for more than two decades under the rigid authoritarianism of early communist rule under its late leader, Chairman Mao, China now has the world's fastest-growing economy and is undergoing what has been described as a second industrial revolution.
The collapse in international export markets that accompanied the global financial crisis of 2009 initially hit China hard, but its economy was among the first in the world to rebound, quickly returning to growth.
In February 2011 it formally overtook Japan to become the world's second-largest economy, though by early 2012 the debt crisis in the euro zone - one of the biggest markets for Chinese goods - was beginning to act as a drag on China's growth.
CURRENT SCENARIO
China’s population is the world’s largest population with about 1.3 billion citizens. With the global human population currently estimated at about 6.5 billion, China is home to approximately 20%. Because of the
INTRODUCTION
China is situated in eastern Asia on the western shore of the Pacific Ocean, with an area of 9.6 million square kilometers. China's continental coastline extends for about 18,000 kilometers, and its vast sea surface is studded with more than 5,000 islands, of which Taiwan and Hainan are the largest.
Since initiating market reforms in 1978, China has shifted from a centrally planned to a market based economy and experienced rapid economic and social development. GDP growth averaging about 10 percent a year has lifted more than 600 million people out of poverty. All Millennium Development Goals have been reached or are within reach.
China is the world's most populous country, with a continuous culture stretching back nearly 4,000 years. Many of the elements that make up the foundation of the modern world originated in China, including paper, gunpowder, credit banking, the compass and paper money.
After stagnating for more than two decades under the rigid authoritarianism of early communist rule under its late leader, Chairman Mao, China now has the world's fastest-growing economy and is undergoing what has been described as a second industrial revolution.
The collapse in international export markets that accompanied the global financial crisis of 2009 initially hit China hard, but its economy was among the first in the world to rebound, quickly returning to growth.
In February 2011 it formally overtook Japan to become the world's second-largest economy, though by early 2012 the debt crisis in the euro zone - one of the biggest markets for Chinese goods - was beginning to act as a drag on China's growth.
CURRENT SCENARIO
China’s population is the world’s largest population with about 1.3 billion citizens. With the global human population currently estimated at about 6.5 billion, China is home to approximately 20%. Because of the