Economy of China

By

ACKNOWLEDGEMENT

I would like to take this chance for thanking my research facilitator, friends & family for support they provided & their belief in me as well as guidance they provided without which I would have never been able to do this research.

DECLARATION

I, (Your name), would like to declare that all contents included in this thesis/dissertation stand for my individual work without any aid, & this thesis/dissertation has not been submitted for any examination at academic as well as professional level previously. It is also representing my very own views & not essentially which are associated with university.

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ABSTRACT

This study focuses on the economy of China. It elaborates the entire of impact of Chinese economy on the rest of the world. The entire concept revolves around the growth of Chinese economy, its impact over US and other countries. The People's Republic of China and the United States appears committed to an endless race for global leadership, according to Stephanie Balme and Daniel Sabbagh, author of fascination and rivalry of the two giants. With the collapse of the USSR, their common enemy before 1990, the two giants are now competing in all areas. A duel cannot be more concerned about India (under emergency) or the European Union (under construction). Rivals, but complementary, China and the U.S. will have to manage their development policies, without jeopardizing their economic interdependence. In fact, the growth of each depends on another. Economic reforms in China represent a remarkable opportunity to observe firsthand the transition from a socialist to a market economic system. Deng Xiaoping initiated economic reforms in China, which introduced a series of controlled changes to the structure of the socialist system. The Chinese refer to this reform process as "groping for stones to cross the river. Guthrie examines the adaptation of Chinese enterprises in the processing of legal and institutional environment, a change management system, and changing networks in which Chinese companies are. The results of their study suggest that a process of rationalization is taking place at the enterprise level in China.

TABLE OF CONTENTS

ACKNOWLEDGEMENTII

DECLARATIONIII

ABSTRACTIV

CHAPTER 1: INTRODUCTION1

Introduction1

Background1

Theoretical framework2

Rationale2

Aims and objectives3

Research questions3

CHAPTER 2: LITERATURE REVIEW4

World resources and China growth4

Gross domestic product5

Impact of flourishing economy6

Trade in China6

Historical Comparisons7

Threats and opportunities10

China economic system15

China's current five year economic and social plan16

Formulation of general plans17

Formulation of regional plans17

Formulation of special plans17

Cultural Revolution17

China economic growth and US18

CHAPTER 3: METHODOLOGY19

Research Design19

Literature Search19

Reliability/Dependability20

Validity21

CHAPTER 4: DISCUSSION24

Competition with others24

Competition with US25

Military impact25

Political impact27

Cultural influence28

CHAPTER 5: CONCLUSION30

Economic reform30

Challenges faced by China in 21st century32

REFERENCES36

BIBLIOGRAPHY38

APPENDIX40

CHAPTER 1: INTRODUCTION

Introduction

In our assignment we aim to show the possibilities and obstacles that China will have in attempting to be the dominant superpower of the 21st century. We have focused mainly on its economic role, as traditionally China has adopted a fairly neutral response in relation to Foreign affairs. We acknowledge that it has border disputes. However they have tended to incorporate territories surrounding its borders. We have covered the area of growth and expansion, and highlighted the pitfalls that it may incur. We have also compared the rise ...