China Unbalanced

Words: 911
Pages: 4
Open Document
China “Unbalanced”

Continual economic growth for the past 30 years has allowed China to rise as an economic power. As the Chinese manufacturing industry continued to grow many of the people moved from rural areas into urban centers. The continued economic growth has taken China from a poor country to the 2nd largest economy in the world. Using many of the principals of capitalism China has overcome obscurity and increased exports to the point of drawing a large trade surplus with Europe and the United States. The growing wealth of China has drawn much criticism form the global leaders as trade deficits rise. China has continued on policies of currency fixing and implementation of subsidies that are consistently controversial with the …show more content…
Manufacturing chases cheap labor. China is in danger of loosing the primary reason why the country was able to rise out of poverty. Creating a new competitive edge is essential for China to continue growth and remain an economic power. The economy must evolve. The population has gradually increased their level of education. China must encourage higher education by building universities and attracting the world’s top educators. Without an educated population and a thriving middle class China will loose everything they have worked so hard to gain.

Aggressive infrastructure developments continue but not in a sustainable way. China lacks quality engineers and regulations for construction projects. Low quality designs, engineering, and project management has made the Chinese infrastructure increasingly faulty. Buildings, roads, and bridges have half the life span as those within the US. A lack of codes and regulations on materials and design has lead to increased failures. Development of schools that promote architecture, engineering, and project management must be promoted throughout the country. China is cash rich and knowledge poor. Professionals in the applied sciences must be developed and be comparably to those of the developed nations.

The Chinese economy must adapt in order to sustain growth. The years of hyper growth appear to have ended and are know privy to slower yet continued growth in the range of 7%-10%. As the economy advances from an emerging
Show More

Related Documents: China Unbalanced

Essay on transportation of nickel bulk comodities

transportation of this product. The International Association of Dry Cargo Ship-owners stated that the product is at a high risk of liquefying if it contains too much moisture. This can make the ships unbalanced and cause them to sink before any chance of being rescued. The reason why it would make the ship unbalanced is because the nickel in its liquid form would slosh back and forth in the holds, which would affect the rolling period of the ship. Liquefied nickel-ore cargoes have accounted for 44 deaths…

Words 1864 - Pages 8

Essay about review business

clothing and sooner or later more upgraded money-oriented items. Our group discussed how this may greatly impact the economy and how everything would be unbalanced. The whole thought of every individual having all this money, would be biased; who wouldn’t want all that cash? After being evaluated, you can see that the statistics would be unbalanced as well as the quality of life. Getting tons of money without much labour or service implies that people would have little to no motivation for the future;…

Words 840 - Pages 4

Falungo Research Paper

Falun Gong Falun Gong, occasionally spelled Falungong, and alternatively known as Falundafa, is a new religious movement in China, which formed in the early nineties. The movement’s origins are based upon recent Chinese events, and traditional Chinese practices as well. During the late eighties, the practicing of Qigong exploded, known as the “Qigong boom”. Qigong is a blanket term for numerous practices that heavily use meditation, slower exercises, and controlled breathing. The number of Qigong…

Words 994 - Pages 4

The Increasing Number Of People And The Unbalanced Distribution Of Food Force Food Security Into A Worse Situation Essay

The increasing number of people and the unbalanced distribution of food force food security into a worse situation. As stated by United Nations in the Millennium Development Goals of 2000-2005, reducing hunger and poverty by 50 percentage by 2015 is the main target we have to accomplish. Africa, with its fragile environment, huge pressure of overpopulation and less developed economics, is still suffering food shortage. For the purpose of combating hunger, global food security actors have made much…

Words 396 - Pages 2

Poverty and Income Inequality in China Essay

Another Inquiry on the Economic Welfare and Poverty in China The trade-off between economic growth and redistribution has become one of the major notes concerning the emerging economies of post-Cold War world. Adding to this struggle the urge to integrate into the international system while keeping the balances right at home has been another macro-level concern. In conjunction such liabilities not only necessitates the examination of fiscal and structural reforms but also the international trends…

Words 1358 - Pages 6

Elephant And The Dragon

Introduction Written by Robyn Meredith and published in 2008 by W.W. Norton & Company, ‘The Elephant and the Dragon: The Rise of India and China and What It Means for All of Us’ is an examination of how India and China transformed themselves over the past few decades into the ‘World’s Back Office’ and the ‘World’s Factory’ respectively. Over the course of 252 pages Meredith explores some of the historic formative influences for both nations, but focuses predominantly on the events of the…

Words 1802 - Pages 8

US Import Tariffs On Chinese Solar Panels

ECON420 Analysis of U.S. Import Tariffs on Chinese Solar Panels In several years, the cheaper goods from China destroyed the industries of local goods, especially those of candles and screws and now even solar panels in US. The demand for domestic goods decreases so rapidly that few people want to buy it. The whole small things industry in US has fallen into a great dilemma because of the impact from Chinese goods. Using the knowledge we learnt in Economic class, we can easily explain this…

Words 2029 - Pages 9

Superpower Power In China

economic might, and democratic heritage, this has encouraged people to learn English, whereas few people outside China learn Mandarin or other Chinese dialects. This leads me to the conclusion that although China is well on its way, it is not quite a superpower. At least not…

Words 2004 - Pages 9

Assess The Impact Of Interference By Foreign Powers On China's Development In The 20th Century

During the 20th century China underwent a massive transformation. In the early 1900s China was a mass of land lacking any real political cohesion and so was plagued by disputes between the many ruling warlords. However, by the year 2000 China was considered a major contender on the world stage and still is today; it almost seems certain that China will become the most powerful nation on earth in the next 50 years. This major transformation is seen to be a great success of China, considering the relatively…

Words 2317 - Pages 10

China's One Child Policy Essay

China is the world's most populous nation and its population has, on average, increased by over 25 people every minute, every day for the past 40 years. (Richards 5) For a developing country such as China, with 22 percent of the world's population and only 7 percent of the world's arable land, rapid and persistent population growth can contribute significantly to the nation's poverty levels and restrain its potential for economic growth. (Gu 42) China's one-child family policy was first announced…

Words 1637 - Pages 7