代写范文

留学资讯

写作技巧

论文代写专题

服务承诺

资金托管
原创保证
实力保障
24小时客服
使命必达

51Due提供Essay,Paper,Report,Assignment等学科作业的代写与辅导,同时涵盖Personal Statement,转学申请等留学文书代写。

51Due将让你达成学业目标
51Due将让你达成学业目标
51Due将让你达成学业目标
51Due将让你达成学业目标

私人订制你的未来职场 世界名企,高端行业岗位等 在新的起点上实现更高水平的发展

积累工作经验
多元化文化交流
专业实操技能
建立人际资源圈

留学生作业代写:Chinese economy analysis

2017-07-06 来源: 51due教员组 类别: Paper范文

下面为大家整理一篇优秀的paper代写范文- Chinese economy analysis,供大家参考学习,这篇论文讨论了中国的经济。在过去的几十年里,中国以其快速的经济增长率使世界惊叹。虽然人均国内生产总值不高,但国内生产总值还是位居世界第二,仅次于美国。然而在过去的几年里,中国经济的增长速度要低得多,即低于10%。虽然这一数字与其他国家相比仍处于高位,但相对于中国之前的经济增长速度而言,这种速度是缓慢的。

Chinese economy,中国经济,assignment代写,paper代写,美国作业代写

1. Introduction

China has amazing the world with its fast economic growth rate in the past couple of decades. Although the GDP per capita is not ranked high in the world, the real GDP has ranked the second in the world, right after the US. However, in the past few years, we have observed that the Chinese economy had been growing at a much lower rate, that is, below 10%. Although this figure is still considered high compared to other countries, it is considered slow relative to the past few years of the Chinese economic growth rate. The graph showed the trend of the economic growth for China over the past fifty years .

1979 was the year when China started its economic reform and the economy had been growing at an average of 10% every year since then. The trend continued all the way until the 2008 global financial crisis, after which the Chinese economy was affected negatively. In 2010, the real GDP growth rate was 10.4%. In 2012, the figure declined to 7.8% and 7.3% in 2014. This paper first analysis the reasons for this negative trend, then it will go over the past economic policies for success, the current policies to increase the growth trend, and assess whether the policies have been effective or not.

2. Reasons for economic slowdown

After the global economic crisis in 2008, China was also deeply affected in that its imports, exports and foreign direct investment all decreased. Since China depended heavily on the outflows and inflows of foreign direct investment right before the crisis, how its foreign partners perform will directly impact the economy in China. The US, as one of the largest trade partnership with China, was heavily and negatively affected by the financial crisis and its investment in China declined. The following graph showed how the foreign direct investment as a percentage of GDP declined since 2008.

The sales and consumption figure also declined accordingly and for those who are counting on this figure to bring up China’s GDP growth rate are disappointed. The connection between investment and consumption is that in the past few years, China has invested too much, on steel, coal, electronic products, cars, and etc. and those investments results in a high level of products been produced afterwards. However, those products needs to be sold out in order to generate the final revenue. The problem with China was that consumption and the purchasing power of its citizens did not grow as fast as the investment speed. When there is more supply than demand, price will drop and firms are met with fierce competitions. Many firms lost instead of profited over the past few years. If the Chinese cannot consume everything, can the Chinese export those products? The answer was that countries such as the US, who were the primary buyers of Chinese exports, were suffering from economic crisis and does not have the power to buy those products either. As a result, the Chinese economy slowed down these years.

3. Government policies

3.1 Policies for stabilizing and accelerating the economy

In 1979, Deng started the economic reform in China. He first outlined four special economic zones along the southern and western coast of China that have developed into major cities in China nowadays. Those four cities will be the centers for exports and imports, foreign direct investment and for advanced technology to enter China. The second step that he did was to decentralize the economy. After the reform, more firms in China was operating in the free market and the central government does not control those firms anymore. Instead, the province has the power to control those firms. The third major policy that Deng established was for the citizens to become entrepreneurs and be their own boss. Many small and new firms appeared since then on and many has grown to prosperous firms nowadays. The fourth major policy is about the farmers. Since China is a country that depended heavily on agriculture at that time, the farmers consisted of a large population and was a very big deal. The government encouraged them to start to trade and sell their crops in the free market. As we have learned in class, trading allowed those farmers to consume outside of their original production possibility frontier and they were better off.

As a result of those policies, the Chinese economy started to grow due to capital investment and productivity growth. The working population was better educated and worked more efficiently. Due to the advancement of technology, more machines were used in production and this had increased the efficiency of production significantly. Over the years, China has become the largest manufacturing country in the world, and seen a significant increase in wages, and an increase in foreign direct investment.

3.2 Policies to reverse the slowdown

The government tried to stimulate the economy by implementing a 4 trillion RMB ($586 million) package and following expansionary monetary policies on November 9th, 2008. The government said that out of the 4 trillion, 1.5 trillion yuan will be spent on public infrastructure development. Another 1 trillion was spent on Sichuan because there had been a huge earthquake on May 12th, 2008 that every Chinese remembered. 740 billion yuan was spent on rural development and technological advancement. 210 billion yuan was spent on the energy sector and 150 billion yuan was spent on education. However, the stimulus also increased national debt from 2009.

According to China’s 12th five-year plan, the government said that they will “achieve an average real GDP growth rate of 7% and ensure that income rises at least as fast as GDP.” to ensure that income also rises, the government set a target of increasing the minimum wage by at least 13%. The government will also focus on specific sector such as the energy sector, including nuclear, water, wind solar and etc. The government sees the importance of research and development and said that the R&D expenditure as a percentage of GDP will reach 2.2%. To bring closer the income gap, the government will provide 36 million reasonably-priced apartments for those with low income.

4. Comments on government policies

In the beginning, the policy of increasing investment and leveraging up all the opportunities that we have to grow was indeed effective. However, leverage can only work up to a certain limit and beyond that limit, too much leverage is useless. The government should do more regarding restructuring to boost the economy. Although the government aimed to maintain a stable economic growth, many signs indicated that the Chinese economy is not as prospective as before. In the last six months of 2015, the A stock of the Chinese market declined after the continuous increase in earlier that year. It was also then that the Chinese RMB started to depreciate against the USD.

I would say that the policy is somewhat effective, at least in some aspects, because the 1 trillion that went to Sichuan really helped the people and improved their lives. Of course, it is hard to say that one single policy affected the entire economy because the economy is a complicated system and one can never single out a policy and attribute all the changes in the economy to one policy solely. Furthermore, we do not have the data to compare and see what could have been the economic growth rate had there been no such policy. Perhaps that without the Chinese government’s policy, the GDP growth rate would be even lower. Despite those facts, I still believe that the policy will have some effects in the long term because theoretically, the funds allocated to developing infrastructure in the rural country sides will improve the status quo and generate more employment opportunities for those local areas. This should help China to narrow the gap between the cities and the countryside and to treat poverty in some rural areas.

I believe that in the long term, the Chinese government have to stimulate consumer demand more instead of just focusing on exports and investment. The government can also focus on bringing closer the income gap exhibited between bigger and wealthier cities and the poorer rural countryside. China needs more policies to aid it to transform into a free market economy.

5. Conclusion

In conclusion, after almost three decades of high economic growth rate, China has said farewell to its two-digit annual GDP growth rates and slowed down. The main reason was that China invested too much in previous years and the products was not met with sufficient demand. Without enough demands, products were not sold and were not turned into GDP figures. Firms lost and both household consumption and exports cannot meet the huge supply. The economic reform policy that had led China to succeed since 1979 will not work anymore and new policies needs to be established for China to transform into a free market economy. Problems that are still present in China include growing national debt, immature financial sector, imbalances between savings, consumption, and investments, immature legal system, and huge income gap.

Reference

APCO Worldwide, China’s 12th Five-Year Plan: How it actually Works and what’s in Store for the Next Five Years, December 10, 2010.

Bradsher, Keith (2008-09-04). "China’s Central Bank Is Short of Capital". The New York Times. September 4, 2008.

Morrison, Wayne. China’s economic conditions. Congressional Research Service.June 26, 2012.

Morrison, Wayne. China’s economic rise: history, trends, challenges, and implications for the United States. Congressional Research Service. October 21, 2015.

Phillips, Matt. Why China’s economy is slowing and what it means for everything. Quartz. April 19, 2015.

Xinhua News Agency, Highlights of China’s 12th Five-Year Plan, March 5, 2011

World Bank Database. 2016

51due留学教育原创版权郑重声明:原创paper代写范文源自编辑创作,未经官方许可,网站谢绝转载。对于侵权行为,未经同意的情况下,51Due有权追究法律责任。主要业务assignment代写、essay代写、paper代写服务。

51due为留学生提供最好的paper代写服务,亲们可以进入主页了解和获取更多,paper代写范文 提供美国作业代写服务,详情可以咨询我们的客服QQ:800020041。-ZR

上一篇:留学生作业代写:The Siemens Wind Power 下一篇:留学生作业代写:A Brief Study on Globa