China Within the World

In: Business and Management

Submitted By sallyzhuang
Words 1228
Pages 5
How Does China’s Reemergence Impact the Current World’s Dynamics?

* Background
China’s reemergence
In retrospect, there were three glorious dynasties of Han, Tang and Ming in China. During that time China took the leading position in economics, politics, culture, military and diplomacy. But after Ming dynasty China lost its leading position for a long time. Since the reform and opening-up in 1978, China’s reemergence of economics impresses the world substantially. In 2010, China witnessed GDP of 5,878.3 billion US dollars, which is at the second place just following United States 1. During the last decade, China moved from the being the ninth-largest exporter to the largest in the world. According to the Global Competitiveness Index 2011-2012 report, China’s global competitiveness index scored 4.90 and ranked 26 out of 142. The group performance of the developing world is boosted by the strong dynamics of some of the largest economies including China. At the meantime, China’s military power is also strengthened. From 1989 to 2010 China's official military budget increased by double digits every year 2.
Based on above positive and negative facts, China’s reemergence really impacts the world’s dynamics in various dimensions. In general these impacts can be divided into areas including goods, technology, people, capital and culture.

* China’s reemergence impacts world’s dynamics in different aspects
Goods
According the percentage distribution of Merchandise Exports data of 11 main economies3 in Asia, China’s percentage grew from 10.3 percent in 1995 to 29.1 percent in 2007. By 2007, China has replaced Japan as the dominant exporter. China’s exports grew at a rate of over 30 percent annually after 2001, and imports grew more than 28 percent annually4. Over the past 28 years, the value for this indicator has fluctuated between…...

Similar Documents

China

...A study on China and the World Economy of Today: A look at the impact of China’s Global economic integration and Prices. Chapter one: Introduction 1.1 Introduction Since 1978, the People’s Republic of China (PRC) government has stood out in restructuring its economy from a Soviet-style centrally planned economy towards a market-oriented economy nonetheless within the political framework, provided by the Communist Party of China. This system has been called "Socialism with Chinese characteristics" and is one type of mixed economy. “These reforms started since 1978 has helped lift millions of people out of poverty, bringing the poverty rate down from 53% of population in 1981 to 8% by 2001” (OECD 2002a). Over the preceding decades, the existence of China in the world’s economy is full-fledged. Laterally, China is properly or erroneously seen to have a massive impact on the world’s economy. In today’s trade market, China is at present generally regarded to be the world’s workspace, there-by relocating some traditional exporters of labor-intensive goods, irrespective of the fact that its economy is constantly woven into the fabric of progressive split chain of making (Menzie D.2009). The emergence of China as an industrial and export livewire is undoubtedly one of the most significant forces reshaping the present-day world economy. Barry E and Hui T in 2005 stated that “A now standard way of conveying this point is to observe that the increase in......

Words: 7044 - Pages: 29

China

...China’s inevitable rise ranks among the most important world developments of the last 100 years. Since America is still trapped in its sixth year of economic hardship, and the Chinese economy is set to surpass the U.S.’s before the end of this decade, China looms very large on the horizon. A U.S. intelligence report stated that China's economy is likely to surpass the U.S. in less than two decades while Asia will overtake North America and Europe combined in global power by 2030. Modern China’s rise to world economic power, like its predecessor from 1100 to 1800, is based on its enormous productive capacity. China’s rush to economic development is beautifully depicted in the documentary, “Last Train Home.” Trade and investment was governed by a policy of strict noninterference in the internal relations of its trading partners. Unlike the U.S., China did not initiate brutal wars for oil; instead it signed lucrative contracts. Also, China does not fight wars in the interest of overseas Chinese, as the U.S. has done in the Middle East for Israel. China’s sustained growth in its manufacturing sector was a result of highly concentrated public investments, high profits, technological innovations, and a protected domestic market. While foreign capital profited, it was always within the framework of the Chinese state’s priorities and regulations. The regime’s dynamic export strategy led to huge trade surpluses, which eventually made China one of the world’s largest creditors,......

Words: 1357 - Pages: 6

China

...How far can the establishment of the People’s Republic of China in 1949 be considered the key turning point in the development of China in the years 1900-2000? During the years 1900-2000 there were many turning points in China's history. We saw such things as The fall of the Qing Dynasty and imperialism February 1912, The warlord era 1915, The rise of the nationalists 1928, The formation of the PRC in 1949, The Korean and Vietnam wars 1950 and 1964, Nixon's visit in 1972 and Deng Xiaoping's Third Plenum. The key Turing point in China's history would have to be the rise of Deng Xiaoping in 1976. The reason behind this is by looking at social political, economic and international development Deng achieved greater positive development over the 4 topics and few limitations in comparison to the other turning points. The fall of imperialism and the Qing dynasty in 1912 lead to some major development in China.in china at the time there was a huge social divide. This was most notable in the rural regions where in some communities some people were consuming up to 4000 calories per day, while others were only consuming 1400. Likewise socially development in china was far behind the rest of the world. At the time China had a literacy rate of only 3.6% while Japan had a rate of 26.3% however, during the Qing dynasty economically they were prospering and catching up with the rest of Asia. This was best shown by jack Gary’s Rebellions and revolutions where he puts a more positive......

Words: 2073 - Pages: 9

An Investigation Into Factors of Affecting Online Shopping Within China on College Students

...4.1 Advantages of purchasing online 2 4. 2 The characteristics of online shoppers 3 4. 3 Factors of affecting online shopping 3 5. Methodology 5 5.1 Research design 5 5.2 Data sources defined 6 5.3 Data collection methods 7 5.4 Data analysis 7 6. A statement of possible outcomes 8 7. Ethical consideration 8 8. Risk assessment and risk management 9 9. Resource management 9 References 11 1. Project title An investigation into factors of affecting online shopping within China on college students 2. Research Context With the proliferation of using internet,the way of living and working has increasingly changed, such an environment enables people to gain information such as pictures, videos, news and knowledge as well as purchase goods through internet. So, The proportion of E-shopping has been consistently growing. Internet World States (2010) reports that China is the world’s largest Internet market. According to “China Internet network information center” (CNNIC) reported that in 2009 the number of Chinese online shoppers is108 million with 45.9% annual growth rate. At present the rate of online shopping has reached to 28.1% from 22.1% at the end of 2007. However, which group of people are the main customers to shop online and what factors drive these people to purchase on the internet? A survey did by Iresearch ( Iresearch is a company that focuses on internet media, e-commerce, online games and other new economic fields,......

Words: 4156 - Pages: 17

China and New World Order

...China and New World Order Based on what you have learnt in this course, what kind of world order do you think we have now and to what extent a new world order is shaped by the rise of China? In what aspects is the rising China changing the existing world order? World order has a variety of definitions. In general, it refers the pattern of relations between states, behaved according to a set of institutional rules and principles. It changes over time when great powers rise and fall. Suggested by George Modelski, the Long Cycle Theory believes a war will emerge after the rising power threatens the original hegemony and might replace the existing world order. The challenge posed by the rise of China to the western dominance is felt worldwide as her second largest economic status. A question has been asked by an American scholar John Ikenberry – “Will China overthrow the existing order or become part of it?” This essay aims at introducing the current world order and investigating how it has been changed with the inclusion of China. One of the two major types of world order is the Westphalia order which is based on the modern state system. It is the concept of authority on the territory that the sovereignty of states and the fundamental right of politics is self-determined without any intervention from other states in internal affairs. This system highly respects the territorial integrity of states and the legal equality between states that is no matter the size of a......

Words: 1169 - Pages: 5

China

...[pic] A2 Business Studies Pre-Release Research Task ‘Development in Emerging Markets: China’ Learner Name: _____________________________ Preparing for A2 Business The Unit 3 examination Strategies for success • 25% of A level • 1 hour 45 minutes exam • 80 marks • The exam is case study based and comprises one 10 mark calculation question, two 18 mark evaluation questions and one 34 mark report. The Unit 4 examination The Business Environment and Managing Change • 25% of A level • 1 hour 45 minutes exam • 80 marks • Section A: Pre-release research tasks leading to a 40 mark essay • Section B: Choice of 3 essays, one must be chosen for 40 marks • This unit is synoptic – this means that it pulls together all the material from the entire AS and A2 specification. There are two key additional elements of preparation for this paper: Complete the research task The research task is designed to enable you to investigate in detail a small part of the Unit 4 specification. The research brief will give you precise guidance on the tasks to complete. Do not make too much of this task and extend your research beyond what is asked. Do, however, relate your research to a variety of large businesses producing goods and services and operating in different markets. Read widely about business You should read newspapers, magazines, and books, watch television and surf the internet for......

Words: 6232 - Pages: 25

Examine Changes of the New Car Industry Within Germany and China over 2007-2012

...Examine changes of the new car industry within Germany and China Over 2007-2012 For this assignment I’ll be using information drawn upon findings from such sources as Keynote, Mintel and other online formats. The type of research that will be conducted will be secondary research, this will allow me to evaluate the key changes observed over a period of five years from 2007- 2012 of the new car industry; within Germany and China. Items that will be covered will be, commenting on similarities or differences observed between China and Germany’s car industry. By implementing two of the PESTLE (environmental and technological) the essay will give a significant overview of the changes observed within the two dynamic countries. Germany is one of the world leaders in the automotive industry, and is the biggest exporter within the EU for automotive vehicles by far. With a vast interest in the high quality products and excellent services that the Germany car industry has to offer they are benefiting from impressive figures as shown (Mccarthy, 2013) “Germany is the chief exporter by some distance. Europe’s economic powerhouse exported an impressive $245.4 billion worth of automobiles in 2011. During the same year, Germany reported $104.1 billion of vehicle imports.” This is bringing great amounts of wealth into the nation. By having seven of the world’s most popular brands (Audi, BMW, Ford Germany, Mercedes-Benz, Opel, Porsche, and Volkswagen) Germany are able to offer a vast......

Words: 1677 - Pages: 7

China and India in the World Economy

...China and India in the World Economy What challenges to the world economy do India and China pose? There are many challenges to having the world’s two most populous countries enter the world trading system. Just the sheer size of these two countries is a challenge to other countries that are smaller. More people in China and India means more opportunities (and increased demand) to grow their economies, to increase education, to manufacture more goods, provide more services, use up more of the world’s resources, etc. These are all challenges that other countries face with India and China. India’s service sector has grown tremendously and many people have begun outsourcing service jobs such as information technology and computer jobs to India as well as other service jobs such as call-center customer service jobs. Outsourcing reduces the price of these services and allows businesses to increase profits by having lower costs. This poses as a challenge to the economies that are outsourcing jobs to lower fare countries because it reduces the number of jobs in its own country and leaves more of its own people unemployed or having to look for other type of work. China has emerged as an export platform and a high volume manufacturer of consumer goods. China has very low wages and its manufacturing wages are estimated to be about one-fourth of the amount paid in Brazil and Mexico. But apart from low wages, China has several other sources of comparative advantage which......

Words: 386 - Pages: 2

China

...Lawrance, Alan. China Under Communism. London: Routledge, 1998. Internet resource. This text examines how Marxism took root, flourished and developed within the context of an ancient Chinese civilization. Through analysis of China's history and traditional culture, the author explores the nature of Chinese Communism and how it has diverged from the Soviet model. This book also provides insight into the changing perceptions Westerners have of the Chinese, and vice versa. Features include: assessment of controversial issues - The Great Leap Forward, the Cultural Revolution and Mao's record; coverage of gender and family, ethnicity, nationalism, and popular culture; and the long historical context. This evaluation details how China's political and economic policies have been inextricably linked, and assesses past failures and successes, as well as major problems for the future. White, Stephen. Communism and Its Collapse. London: Routledge, 2001. Internet resource. Ranging from the Russian revolution of 1917 to the collapse of Eastern Europe in the 1980s this study examines Communist rule. By focusing primarily on the USSR and Eastern Europe Stephen White covers the major topics and issues affecting these countries, including: * communism as a doctrine * the evolution of Communist rule * the challenges to Soviet authority in Hungary and Yugoslavia * the emerging economic fragility of the 1960s * the complex process of collapse in the 1980s.  Huibing, Zhao, and Zhu Jiangnan.......

Words: 859 - Pages: 4

China

...occur. The purpose of this essay is to argue and prove that China will rise to power in a peaceful manner throughout the 21st century. This paper will first explain the current situation, which has left China in position to become a global leader as the new century unfolds. The essay will also examine military, economic and social issues that may positively contribute to this change and lead this Asian country to a new significant posture within the geo-political realm of international relations. The Rise of China towards the 21st Century Technology and communication improvements have changed the world for good. With new developments in these areas, the world has become much smaller and navigable in many ways when discussing China and their current rise to global prominence in recent times. The end of the Cold War which saw a bipolar world develop into a unipolar world has created opportunity for other powerful nations to step in and play a key role in global events that are unfolding. China’s massive population and natural resources have continued to organize and be directed towards more powerful means. Chinese leaders have seen this coming for years as the country began opening up to global interests in the 1970’s. As America’s place in the world has changed, leaders have grown confident that a new paradigm can exist where a peaceful rise of this country is likely and for the betterment of the rest of the world. As Lynch (155 ) points out, this “peaceful rise” is......

Words: 1363 - Pages: 6

China World Power

...Is China really the Enemy? Conflicts between the US and China yet arise, as Chinese Firm, Cnooc, tries to buy a midsize American oil company. Cnooc is one of the largest oil firms in China and is government owned, and primarily wishes to acquire Unocal for $18.5 billion, and are willing to pay more if necessary. Although tensions arise in the US, as several states are against the deal from happening and are trying to veto the decision of the firm. Cnooc is mainly trying to procure Unocal for its offshore natural gas fields and its expertise in offshore exploration and production so that China can move from using coal to natural gas for energy. However, Republican representative, Richard W. Pombo, thinks that the acquisition of Unocal would be a threat against the national security as oil is one of the key commodities for military activity. People are against this deal from happening as they see China as a rising threat economically as well as militarily. Similarly Senator Bryan Dorgan drafted three anti-Cnooc legislations, as he believes that it would manufacturing jobs would be lost due to the acquisition. He also firmly believes that the Chinese government does not trade fairly with American companies as; they would not allow any Chinese company to be sold to an American Company, and thus the US should do the same. Similar situations rose over China, as the “economic modernists” see China as becoming the next superpower alongside the US, if fair trade is implemented, and...

Words: 491 - Pages: 2

China

...China (traditional Chinese: 中國; simplified Chinese: 中国) is a cultural region, an ancient civilization, and a nation in East Asia. The last Chinese Civil War has resulted in two nations: The People's Republic of China (PRC), commonly known as China, has control over mainland China and the largely self-governing territories of Hong Kong (since 1997) and Macau (since 1999). The Republic of China (ROC), commonly known as Taiwan, has control over the islands of Taiwan, Penghu, Kinmen, and Matsu. China has one of the world's oldest civilizations and has the oldest continuous civilization.[1] It has archaeological evidence over 5,000 years old. It also has one of the world's oldest writing systems, and is viewed as the source of many major inventions. The first recorded use of the word "China" is dated 1555.[nb 1][3] It is derived from Cin, a Persian name for China popularized in Europe by Marco Polo. History of China Ancient China was one of the first civilizations. Chinese civilization was also one of the few to invent writing,[2] the others being Mesopotamia, the Indus Valley civilization, the Maya civilization, the Minoan civilization of ancient Greece, and Ancient Egypt.[5] It reached its golden age during the Tang Dynasty (about A.D. 10th century). China is home to some of the oldest artwork in the world. Statues and pottery, as well as decorations made of jade, are some classic examples. China's economy and military weakened during the Qing Dynasty (around the......

Words: 1102 - Pages: 5

China Within the World

...become19.7 million, with a Population Growth Rate of 2.12%, making Cameroon the 53rd largest country in the world. 4 Cameroon’s capital is Yaounde, with a population of 1.74 million, making it the second largest city in Cameroon. The largest city is Douala, with a population of 2.05 million, which is also Cameroon’s largest seaport. Cameroon’s official currency is the CFA Franc (Central African Franc). I. Political environment Compared to other African nations, Cameroon is politically stable. Their political system is that of a Republic, characterized by a very strong centralized government. The current President is Paul Biya, who has been in office since 1982. The President of Cameroon enjoys authoritarian power in that he appoints government officials at all levels, including all judges. The President also commands the armed forces and creates government policy. Although presidential elections are held every 7 years, there are no term limits for the President, and there have been accusations of unfair elections. Although technically Cameroon’s political system is considered multi-party, it is in-effect a single party system, as President Biya’s party, Cameroon People’s Democratic Movement (CPDM), has historically dominated the government, and continues to do so today. This has added to Cameroon’s reputation as one of the most politically corrupt countries in the world, with corruption said to reach many different levels of the government. The Cameroon government is......

Words: 1603 - Pages: 7

China and World

...research paper Introduction China has become one of world's most promising economic power. Since 1979 Chinese market has a great and quickly growth. Enter the twenty-first century, the Chinese economy has maintained steady growth. Although less than expected, but China's GDP growth still reached 9.1% in Q3 2011. "China's gross domestic product expanded at the slowest pace in nearly two years in the third quarter. GDP growth moderated to 9.1 percent in the third quarter from 9.5 percent in the second quarter. On a seasonally adjusted quarter-on-quarter basis, GDP rose 2.3 percent following a revised 2.4 percent gain the second quarter". (www.TradingEconomics.com) This situation shows China's economic growth is still high. Why China has this success, because China has many advantages. For example, low cost labor and a huge mark. China's economic advantages China's main advantage is the production capacity and low cost labor. The main reason is China's huge population, and the rich natural resources. Today China has become the famous factory of the world. China's cheap labor and huge market has attracted a lot of foreign investment. These investments have brought to China a lot of money, but also provides science and technology and management experience. First, Chinese low cost labor. This is China's primary advantages, most Chinese factories are located in the eastern region, mainly due to convenient transportation and a good industrial base. In China, many poor......

Words: 1900 - Pages: 8

China

...CHINA: Economic Analysis TOWS of China: China Threats: • Strikes Against Multinational Companies • Allegations of Currency Manipulation • Aging population China Opportunities: • Consumption Boom in China • Instant Translation of Web Pages • Enforcement of intellectual property rights China Weaknesses: • Population • Weakness of economy • Academic and Scientific Misconduct in China • Regulation of gas prices • Corruption in developing country • Country is creating political risk • Air pollution China Strengths: • Stable infrastructure • Chinese influence in Africa • Natural resources • Polluted water supply INTRODUCTION Although there are many points outlined within the TOWS. There are only several, which are most apparent, and significant that will be discussed. A few competitive advantages a Multinational Corporation will benefit from would be some of China’s strengths, which are; infrastructure and telecommunication, and it’s influence on Africa. Some issues a Multinational Corporation may run into would be among the labor force. There are many solutions that China is already headed toward in response to the main issue of human labor. Most of which will benefit a potential Multinational Corporation and China’s......

Words: 1972 - Pages: 8

New in This Week | Bilişim Güvenliği | Iya na Kao sare nagara Opantsu Misete Moraitai Sub Indo Batch Eps 1-6 Lengkap