ipl-logo

Economic Issues In China

878 Words4 Pages

Introduction: China has a rich and old history of being the world's leading civilization, outpacing the rest of the world in the arts and sciences. In recent years China has faced incapacitating issues that entered the stage in the 19th and early 20th centuries. During this period of time the country was beset by civil unrest, major famines, military defeats, and foreign occupation. After the end of World War II, the communists under MAO Zedong established an autocratic socialist system that, while ensuring China's sovereignty, imposed strict controls over everyday life and cost the lives of tens of millions of people. After 1978 China's government focused on market-oriented economic development and by 2000 output had quadrupled. For much …show more content…

China borders four different sea masses which are identified internationally as the East China Sea, Korea Bay, Yellow Sea, and South China Sea. On a political map China borders with 14 nations which are North Korea, Russia, Mongolia, Kazakhstan, Kyrgyzstan, Tajikistan, Afghanistan, Pakistan, India, Nepal, Bhutan, Myanmar, Laos and Vietnam. China experiences a very diverse climate depending wether your in the south where it is tropical or in the north where it is subarctic.China has an abundance of natural resources that include coal, iron ore, petroleum, natural gas, mercury, tin, tungsten, antimony, manganese, molybdenum, vanadium, magnetite, aluminum, lead, zinc, rare earth elements, uranium, hydropower potential (world's largest), arable land. Although china has a wide variety of resources one of them being water it also experiences and abundance of environmental issues. Some issues included air pollution from reliance on coal which in turn produces acid rain. Furthermore China is the world's largest single emitter of carbon dioxide from the burning of fossil fuels. Water pollution from untreated wastes is also a rising issue. Deforestation; estimated loss of one-fifth of agricultural land since 1949 to soil erosion and economic development; desertification; trade in endangered …show more content…

Furthermore China has seen major and influential in the private sector, development of stock markets and a modern banking system, and opening to foreign trade and investment. In recent years, China has renewed its support for state-owned enterprises in sectors considered important to "economic security," explicitly looking to foster globally competitive industries. After keeping its currency tightly linked to the US dollar for years, in July 2005 China moved to an exchange rate system that references a basket of currencies. As a result of the June 2010 global financial crisis Beijing was allowed resumption of a gradual appreciation. In 2014 the People’s Bank of China (PBOC) doubled the daily trading band within which the RMB is permitted to fluctuate. The restructuring of the economy and resulting efficiency gains have contributed to a more than tenfold increase in GDP since 1978. The Chinese government faces numerous major economic challenges, including: (a) reducing its high domestic savings rate and correspondingly low domestic consumption; (b) facilitating higher-wage job opportunities for the aspiring middle class, including rural migrants and increasing numbers of college graduates; (c) reducing corruption and other economic crimes that in recent years has been a prevalent

Show More
Related
958 Words | 4 Pages

In the mid 19th century, the Chinese were experiencing extreme poverty and discontent. Prior to the Industrial Revolution, China was a booming economic power, producing a large majority of the world’s goods. But the country fell behind in technology and industry, not understanding how to utilise and distribute their land effectively. Rebellions, such as the Taiping Rebellion, and the military failure of the Opium Wars demonstrated to the Chinese government that reform was required. After defeating the rebels, the government attempted to appease them with the Self-Strengthening Movement.

Read More
595 Words | 3 Pages

China's role in trade between 600 to 1750 was in part due to different conquests and re-establishments of power which perfected previous Chinese advancements. China's cultural identity help it become a large empire with borders that extended across most of Asia. Tributes systems played out in supporting the Chinese government which in turn formed alliances and enemies as well. These alliance stretched into large trading networks, strengthening Chinas' power in trade, goods, and ideas. From 600 to the 1750's China's self-sufficiency, exchanges of power and mostly secluded location occasionally stagnated and changed its role as a primary trading power, however China's different dynasties improved previous concepts such as those of technology,agricultural

Read More
586 Words | 3 Pages

Grace Fair April 20th, 2023 Mr. Selitto World History China DBQ Mao and Deng both transformed China in similar and different ways. Mao tended to be harsher, wanting everyone to conform to his idea of the cultural revolution of China. While Deng wanted people to have more capitalistic ideas, allowing people to run things themselves without harsh control from the government. This DBQ will discuss how China ran under the similar and different political, diplomatic, and economic rules of Mao and Deng.

Read More
1088 Words | 5 Pages

The Chinese civilization from 100 C.E. to 600 C.E. rose as one of the major unified empires. While this society grew, there were aspects of culture and politics stayed the same but many changes also occurred. As the empire developed, family units and social classes remained stagnant. Despite these continuities, changes such as the popularity of Buddhism within society due to Indian missionaries and a shift in political rule occurred. During the time period 100 C.E. to 600 C.E. the family unit system remained intact despite the intellectual advances.

Read More
1266 Words | 6 Pages

China, up until the Qin Dynasty was a very disorganized society consisting of many city-states controlled by kings that were constantly fighting each other for land and power. The Era of Warring states was two hundred years of violent fighting.8 The Qin Dynasty rose from the confusion, establishing an organized government and preceding to unify China for the first time. 10 The Han continued this practice, it brought stability and peace to China.8 However, due to China’s geography, which is very isolated, lead to the formation of different ideas of government and philosophy compared to the rest of the world at that time. The Qin and Han Dynasties implemented ideas and philosophies into their government that had never been seen before.

Read More
492 Words | 2 Pages

During this time period china was basically falling apart. The Chinese’s way how government had no set way, and was constantly being oppressed by foreign influence. Every part of their government was flawed. They began all these programs and laws in efforts to improve their country, but they soon abolished it all. They were sending children away to study in foreign nations.

Read More
1395 Words | 6 Pages

In Elizabeth Economy’s monograph, the Third Revolution: Xi Jinping and the New Chinese state, the topic of a new modern china is discussed and breaks down how President Xi Jinping wishes to steer the country into the future. Elizabeth Economy explains President Xi Jinping’s desire to constitute a Third Revolution and how there will be a “New Chinese State.” To start, one must first understand China’s past to learn what a “New Chinese” State would look like. During the time of Mao Zedong, China attempted to become a player on the World scale.

Read More
296 Words | 2 Pages

As China grew with population and technologies, so did their government. Their military was weak but they had the idea to make iron and steel weaponry. The increase of weapons allowed the Chinese military to have more power over the people. Yet, the downfall of their era was their tactics in controlling their army and the rebellious citizens. As China’s economy and population grows, so does the growth of politics and Urban life styles.

Read More
1083 Words | 5 Pages

        The 1900s were an extremely important time in Chinese History. China, being in decline during

Read More
1205 Words | 5 Pages

Far from turbulent European continent, Chinese agrarian society was uninterrupted until westerners opened China’s gate by military force. The pride of Chinese people for their five thousand years’ glorious civilization collapsed along with many unequal treaties signed between China and other countries. After the fall of Qing dynasty, although there were many struggles such as foreign invasions, especially Japanese brutal invasion, civil war between Nationalist (KMT) and Chinese Communist Party (CCP), calamitous Great Leap Forward and subsequent Great Proletarian Cultural Revolution, China successfully transformed from a weak agrarian country humiliated by western countries and Japan for one hundred and fifty years to a rising global power emerging

Read More
868 Words | 4 Pages

China’s healthcare has been through a roller coaster of reform, impacting the health of every citizen throughout history. The country has endured many impactful changes with the large shifts in power, eventually leading to its current healthcare system today. The Cultural Revolution of China was a starting point, with the Chinese Communist Party (CCP) taking power in 1949. The CCP implemented a health system reflecting the Marxist communist ideology. Health care was universal.

Read More
738 Words | 3 Pages

Hook The First Amendment to the Constitution says, “Congress shall make no law.. abridging (limiting) the freedom of speech..” For many years, the First Amendment applied only to the federal government. But in 1925, in Gitlow vs New York, the Supreme Court said that it also applied to other levels of government. This applies to public schools (Background Essay).

Read More
1404 Words | 6 Pages

First and foremost, one must acknowledge the plainly visible fact that the Chinese economy has grown exponentially since the process of integration into the global economic system began. China 's comparative advantages, particularly in the labor sector, has transformed it into the second largest recipient of FDI in the world.1 Over the course of the last 20 years, exports have grown approximately 17.1 percent per year.2 This ultimate result of this investment and trade has been an overall growth rate 8 percent per annum,3 which would have been completely unattainable without the country 's engagement in globalization. Foreign investments have

Read More
1228 Words | 5 Pages

A statistic shows that China had 4.09% of people in China was unemployed in 2014. If the unemployment rate is high, it will cause that country become dangerous, because it will cause crime, such as theft, doing the illegal things and others that are dangerous. According to Xin Hua News (2015), more than 168,000 narcotic-crime suspect was arrested by police in 2014. There had about 70 tonnes of drugs, including 25.9 tonnes of methamphetamine and 9.3 tonnes of heroin.

Read More
1178 Words | 5 Pages

Rivers, mostly traveled by boats, as in the mountains, they are more traveled by vehicle or on foot. The mountains, as mentioned before, make up about two thirds of the country and nearly all the mountain ranges run from East to West China. China has some of the largest and longest rivers. There is a plentiful amount of lakes which are different depending on which part of the region you may be in; Northern China has salt water lakes while Southeast China has fresh water

Read More

More about Economic Issues In China

Related Topics

Open Document