Although there are many similarities between the development of Chicago and Chongqing, the speed and scale of Chongqing’s development is unprecedented and puts it in a class of its own. Chongqing is growing eight times as fast as Chicago had, averaging three hundred thousand new people a year. These citizens migrate to cities like Chongqing mainly for employment. In China, there is a massive pool of labor that will work for very low wages, as many Chinese individuals are used to surviving on less than two dollars a day. Combine inexpensive labor with modern factory technology, and one may understand the reason for huge investments in city expansion projects and infrastructure, and perhaps the Chinese competitive advantage.
The way China’s political leaders reacted in Tiananmen Square shows its firm grip on its political policies. Evolving into East Asia’s hegemon and slowly rising to the world’s top grossing economy, China has built a stable and exponentially increasing economy. America’s hyper power days have been well over considering the 2007 recession, immense debt to China, and its yearly mandated increase of America’s debt ceiling. China’s capitalism is different to America’s in terms of its heavy reliance on state-owned enterprises and its quick investment on physical infrastructure. With several projections from acclaimed economists and other sources China is bid to become the World’s largest economy in the next century or
China is a bustling nation, but could it be the next world superpower? For one it certainly has potential, with the army, manpower, technology, and money they sure could rise to the top at any rate. Not only does china have all of this, but America still owes them money and they also make everything for America, they could cut off this supply line if they needed to which could lead to problems for the great young nation. China could undeniably be a world superpower in the near future or further. Like stated China has the man power to do just about anything quickly even working on extremely large projects could be a breeze for china.
Order Code RL33604 Is China a Threat to the U.S. Economy? Updated January 23, 2007 Craig K. Elwell and Marc Labonte Specialists in Macroeconomics Government and Finance Division Wayne M. Morrison Specialist in International Trade and Finance Foreign Affairs, Defense, and Trade Division Is China a Threat to the U.S. Economy? Summary The rise of China from a poor, stagnant country to a major economic power within a time span of only 28 years is often described by analysts as one of the greatest economic success stories in modern times. From 1979 (when economic reforms were first introduced) to 2006, China’s real gross domestic product (GDP) grew at an average annual rate of 9.7%, the size of its economy increased over 11fold, its real per capita GDP grew over 8-fold, and its world
from China goes to Wal-Mart. This made Wal-Mart China’s eighth largest trading partner. Governments, businesses, communities, and individuals in countries around the world face both challenges and opportunities as a result of rapidly expanding economic globalization. Changes in a country’s economy can happen very quickly and can deeply affect people and institutions. The fact that Wal-Mart is a company not even a country; and is China’s eighth largest trading partner; just makes us realize how much economic growth depends on businesses to produce more goods and services faster and more efficiently.
I have leaned that if your population is to high your people will feel crowded and there will be a food shortage but more people equals more taxes. So I had to figure out a way to balance the rising population but also Battle over population. The answer was (this is the shocker…) industrialization of farmlands. ( Again does this sound familiar?). Its no surprise that China is one of the most Industrialistic country with over 1, 330, 044, 544 people ( as of July 2008 Source: www.google.com ) which in my scientific analysis says nearly 700, 000, 000 are in the work force and within nearly 100, 000, 000 or less (much, much less) are in agriculture or livestock.
The banks are under-capitalized in their inadequate financial system and this increases China’s banking sector risk (IHS, 2014). Opportunities include the growth of cities within the country. Approximately “100 million [individuals are] expected to move into cities by 2020” (National Post, 2014). China’s continuous growth in the private sector and increase liberalization will result in further innovation and local brand name companies. (China Business Forecast, 2014).
Who were the winners and losers in the roaring 1920’s? Between 1922 and 1929 the annual Gross National Product of the USA increased by 40%. The average income per head increased by 27%. By the beginning of the 1920’s the United States of America was already the world’s largest industrial power. Highlights of the boom included; Consumer boom – growth of personal possessions (Woolworths, hire purchase, commercial travellers).
Basically, China today, increased to a marginal amount of 15.1% from the 1960s. Perraton, J. and Goldblatt, D. also agrees that major transformation in post war trade has been the rapid growth of manufactured exports from a range of developing countries, which have risen