Preview

Is China a Developed Country?

Good Essays
Open Document
Open Document
550 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Is China a Developed Country?
There are many factors to support the fact that China is a developed country, with a rising GDP and poverty levels decreasing, it looks like China could finally be developed. On the other hand, the poor in China are extremely low with people living in rural areas have to live of 30 cents a day. So with this large gap between the rich and the poor is it really a developed country?

Economically it would look like China was a developed. Since the global finance crisis it has looked very strong compared to other countries. Last year it had an economic growth of 9.1% whereas the economies of large MEDC’s had slowed down. China is also soon to take over Japan as the second largest economy and the third biggest trading power, but still with the economic success China is still a developing country. China’s GDP per capita is still 104th in the world and there is still great uneven economies in different regions. Its rapid development has benefited some but caused problems with many. Also, a developed country would have more of a steady growth to its economy, with rapid growth it shows that it is still developing, but with China’s economy on such a large scale does it mean that it would still have a rapid growing economy even if it was developed? I don’t believe so as the United States has the largest economy in the world but still grows steadily.

The industrial development has only seemed to take off in the east of China and 700 to 800 million people live in rural areas in China which shows that they are still in a period of transition to an industrial society. When more of China becomes industrialised, they will be able to develop more.

If we compare urban to rural households we can see that in 2009, 10.9% of households in an urban area had cars compared to 0.7% in rural households, also, only 7.5% had computers in rural households compared to 65.7% in urban areas. It is good to see that there has been steady improvements in rural areas in the past 30 years but

You May Also Find These Documents Helpful

  • Powerful Essays

    Inb 410

    • 1601 Words
    • 7 Pages

    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.…

    • 1601 Words
    • 7 Pages
    Powerful Essays
  • Good Essays

    China is currently the most stable country, but is also considered a growing country. This is due to the majority of Chinas population earning less than poverty. Compared to established countries such as USA, Japan, and United Kingdom China is still in the process of establishing its presence. China also exports vast amounts of goods, imports very little, and is self reliant.…

    • 1424 Words
    • 6 Pages
    Good Essays
  • Powerful Essays

    The Communist ruled nation China has always been known for its cheap labour and sometimes questionable living standards. In 1978, China began the transition from a planned market economy to a more capitalistic, free market economy. Ever since then, numerous reform policies have been implemented and Liou (2010) says that these policies lead to an:…

    • 1838 Words
    • 8 Pages
    Powerful Essays
  • Good Essays

    China has been experiencing a high rate of economic growth above 10% per annum. It uses foreign investment funds to finance export industries, enabling it to maintain…

    • 1151 Words
    • 4 Pages
    Good Essays
  • Good Essays

    No sewer systems, and a government that is unwilling to help them. They are living without the basics. While China, which is a developed country, is expanding rapidly. By 2030, it will have more than 30% of the worlds population. Ways that cities can promote sustainable growth is through mass transit, green buildings and brownfield sites.…

    • 1248 Words
    • 5 Pages
    Good Essays
  • Good Essays

    To begin with, China’s economy is one of the best in the world now, these are all owing to the first wave of economic liberation in the late 1970s. From…

    • 710 Words
    • 3 Pages
    Good 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
  • Better Essays

    Why Is China Failing?

    • 1011 Words
    • 5 Pages

    China is becoming a great economic superpower because of its large economic growth rate. The past two decades, China 's economy has grown at an average annual rate of more than 9% (Fishman, 2005, pg. 117). But the economic cost of environmental harm, growing inflation, and a slowing economic growth rate, China economy may not obtain the highest economic rank on the world stage. China was on the right track to becoming the next economic superpower but I think that pollution, inflation, and the income disparities between the urban and rural people are disrupting its economic growth and brought China into a depression.…

    • 1011 Words
    • 5 Pages
    Better Essays
  • Good Essays

    At the beginning, Sachs shows us how development where the global economy is largely driven by the ‘developed’ countries Since Truman defined the largest part of the world as “undeveloped area”. It was gradually established that the only way to go about ‘developing’ was by ‘achieving a higher standard of living’ by improving industrial activities’. What is however choking, at least to me, is that all the developing countries have absorbed the Western viewpoint of being underdeveloped and accepted their role in the market based economic progress race, even though the development dogma marginalizes local cultures, worldviews and lifestyles and hasn’t led to equal welfare development. This phenomenon also happened in China. Though the government and the people of China are gradually aware the importance of sustainable development in recent years, but the issues such as population growth, ecosystem decline, greenhouse effect causing by merely pursuing GDP and income before are big blockers and challenges for China. In my opinion, I think China still put economic development in the first place in order to shake off poverty and backwardness.…

    • 680 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Mr.lawrence

    • 1877 Words
    • 7 Pages

    What does globalization mean for China’s Economic Development? Jianyong Yue - 24th May 2012 The dominant view now-a-days is that China has benefited hugely from globalisation, evident in its high GDP growth. Chinese companies are getting bigger and stronger. As a result, China is rapidly industrialising itself into an economic superpower.…

    • 1877 Words
    • 7 Pages
    Powerful Essays
  • Good Essays

    We have seen development and progress in country like China.They are moving fast on the scale of development and being steady they are sure to become a super power soon. Today they have made a strong position in the world. Even though it is the most populated nation in the world, it has effectively used it's workforce and is steadily progressing in each and every domain. Being a communist nation it has grown in all spheres far much better than the largest democracy - India. They are very much committed to their goals. We have seen in the recent times that the western world is taking a lot of interest in this nation as it has a tremendous growth potential. And it's because of only…

    • 586 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    SICHUAN EARTHQUAKE

    • 2673 Words
    • 11 Pages

    The country used to lead in civilization and arts. Many of the technologies that make up the foundation of the modern civilization originated in China, including paper, gunpowder, credit banking, the compass and paper money. The country slowed in development in the 19th and 20th century when the country was plagued by civil unrest, major famines, military defeats, and foreign occupation. China has since the 1970s progressed towards open market-oriented system. Economic socialism has been replaced by a more rapid capitalist system that is generating rapid growth. This growth has led to china being more assertive on a global stage. Although exports to the Weakening Eurozone are dragging its growth, China has embraced membership of the World Trade Organization. Through this organization, China has benefited from access to…

    • 2673 Words
    • 11 Pages
    Powerful Essays
  • Good Essays

    China’s evolution from planned economy began in 1978, after economic reform China experienced rapid economic and social development.GDP growth about 10% a year has pulled more than 600 million people out of poverty and became a second largest economic country in the world is playing tremendous role on world economy .China’s gross national income per capita of $4,940 ranked 114th in the world in 2011.How ever over 170 million people still lives below the $1.25 a day so china is still second position on the poverty after India (World Bank, 2011). GDP (gross Domestic Product) growth was 7.6 % in 2012 and inflation rate is was .........(The Economist, 2012) .…

    • 908 Words
    • 4 Pages
    Good Essays
  • Good Essays

    in addition, china joined the World Trade organization (WTO), the service sector was considerably liberalized and foreign investment was allowed, Banking financial services, insurance and telecommunications were also opened up for foreign investment, such as The Hong Kong and Shanghai Banking Corporation Limited and Standard Chartered. From the above government policy, it seems like the features of developmental state. As a result, to a large extent China can be classified to a developmental…

    • 1618 Words
    • 7 Pages
    Good Essays
  • Powerful Essays

    In order to talk about how ‘developed’ a country is, it is important to first outline what is a ‘developed country’. “The term developed country is used to describe countries that have a high level of development according to some criteria…one such economic criteria is income per capita; countries with a high domestic product (GDP) per capita…another economic criterion is industrialization; countries in which the tertiary and quaternary sectors of industry dominate…another measure the Human Development Index (HDI), ( which combines an economic measure, national income with other measure, indices for life expectancy and education)…this criterion would define developed countries as those with a very high HDI rating.”(Source:http//www.princeton.edu/~achaney/tmve/wiki100k/docs/Developed_country.html)…

    • 1539 Words
    • 7 Pages
    Powerful Essays