This website uses cookies to ensure you have the best experience. Learn more

The Import Of China For Recent 10 Years

2413 words - 10 pages

ECON910 Xi Song 3348532
IntroductionThe trade development of China has been rapidly expanded in recent two decade, and it has become a centre development in the globe economy. The Chinese economy is much more integrated with the world economy via international trade and investment, especially when China joined the WTO which brought an increasing opportunity to the international trade of China. Indeed, China nowadays is the third largest trading country in the world. Even though when the world economic was in economic recession and depression and crashing in economic crisis, China however still maintain in the sustainable economy growth. To a certain extent, the fast growing export performance of China plays a significantly important role in the advanced of the economic development. For a long time, the prosperous economic environment in China is not only made China a more attractive destination to foreign investors, but also provides the great opportunity to China enable to secure its physical infrastructure in modem context. The most significant advantages from this circumstance will lead to the productivity increasing dramatically in China's industry and will result in the positive effect to China export value quotas. In addition, understanding the performance of China's export will be specifically helpful to measure the future influence of China's benefit from joining WTO and its transformation of economic composition, such as result of reflecting the trend of export value quotas, that such as external demand declined, exporters should reduce the price of the goods or its complementary goods, otherwise consider to increase the substitutes price. Moreover, if export prices declined, exporters had to export large volumes in order to achieve the value target. In this essay, in order to illustrate and interpret the reason of above scenario, the export tend analysis in recent 10 years is necessary, and also needs to consider its relevant aspects which will effect the export value, such as GDP of decade, current account surplus, exchange rate and the economic patterns of China. Finally, Looking forward to analyze the China's export behavior in this essay, conclude the advantages for Chinese economy from its trade experience.Details AnalysisAccordingly, China's economic composition belong to export-oriented growth, China's sustainable economic development generally depends on the external demand (Chow & Li 2002), because in the China's actual conditions, external demand to promote the economic growth more than internal demand. To stimulate external demand still is the major policy for China economy. Therefore, the export of China has effective influence to China GDP. The recent 10 years export value quotas shows below,
Year

Export US$ terms
(Billion)

GDP US$ terms
(Billion)

GDP Growth rate

Export/GDP ratio(percent of GDP)

2008

1428.5

30067

9%

47.5%

2007

1218

25730

13%

47.3%

2006

969.1

21087

11.6%

46%

2005
...

Find Another Essay On The Import of China for Recent 10 Years

The most import dynasty for china history

1528 words - 6 pages The most import dynasty for China history - Qin dynastyQin dynasty in the history of China has the largest and most profound influence. Although, Qin dynasty was just the short time period for the China history which just have 15 years, but in this 15 years Qin created and become to be the empire. The king of Qin dynasty who called Qin Shi Huang, he was the first emperor to unified China. Before Qin Shi Huang to unified China, China was during

Why the Range of Indicators Used to Measure Development Has Increased in Recent Years

756 words - 3 pages Why the Range of Indicators Used to Measure Development Has Increased in Recent Years Essentially the ideology of development was based on a countries GNP this was down to Rostow’s Model; therefore the only indicator of development was a countries economy. The ideologies have changed and now there are a range of indicators that are used to classify a countries development such as social, demographic, hence including

China set to cool off its Growth. An essay about the recent high levels of economic growth in china. Economics

638 words - 3 pages banking system is weighed down by between 40% and 50% of nonperforming loans, financiers estimate. And most interest rates are still set by the government in Beijing, which means banks can't price risk properly and are misallocating billions of dollars in resources.Two weeks after raising the deposit reserve requirement ratio for banks, the People's Bank of China announced another rise from 7 percent to 7.5 percent (the third since August). This

Price of family holiday over 10 years

1117 words - 5 pages because of the currency and country inflation and fuel especially oil. Analysis: Looking at my graph I can see it shows my hypothesis is correct as it evidently shows an increase in the price (great British pound). The average price of a family holiday 10 years ago was around the £1000 mark where as in the summer of 2013 paying £14,250 is considered an acceptable price to pay for a holiday averaging at 2-3 weeks. Although you can get holidays

Examination and Critical Discussion of BHP Billiton’s response to the Appreciation of the Australian Dollar in Recent Years

4459 words - 18 pages products to the Asian market, especially to China and Japan. 2.2 The appreciation of Australian dollars in recent years Over the past decade, the main tendency of the Australian dollar (AUD) has been witnessed an apparent appreciation. First of all, the Trade Weighted Index (TWI), a measure of the value of AUD against a basket of foreign currencies of major trading partners weighting by their significance to Australia's trade flows (Ravimohan 2010

People Resourcing - Discuss some of the significant developments that have taken place within the world of work in recent years

2298 words - 9 pages in the local labour market may create pressures for flexibility for example, workers who need to travel long distances to work rely on public transport, therefore will need flexible starting hours or even the option of working from home. Local skills shortages may require organisations to subcontract to workers around the country who have the skills they require.The issue of work life balance has risen for a number of reasons in recent years. An

Outline the effects of globalisation on the Australian economy in recent years. Focus on trade, investment, finance, technology, and labour

889 words - 4 pages In recent years, globalization has spread layers of influence in all directions of the world, including Australia. Globalisation is the growing economic interdependence amongst nations, as reflected in actual movements of trade, investment, finance, technology, and labour. Globalisation is not new, but the pace of integration of economies has quickened and economies are more closely integrated now than at any previous time. In many ways the

Maritime Insurance for the Import-Export Process Part 2

1935 words - 8 pages the constructive loss that led to the sinking of the ship. The ship may have sank in international waters, but the fact that the insured resided in UK gave the UK courts the right to try the case, which they successfully did and a verdict given three years from the year the case was filed. The reason as to why the case dragged on for that long in an English court was because of the complexity of the situation whereby the fire that had caused the

Maritime Insurance for the Import-Export Process Part 1

1527 words - 7 pages this information, it is safe to state that the insured is often the beneficiary of such a suit. This is because it is sometimes hard to prove that the peril was not the dominant factor that caused the loss. For instance in the case of Kastor Navigation Co Ltd & Another Vs Axa Global Risks (U.K) Ltd & others, it was hard for them to prove that the fire was not the dominant peril that caused the sinking of the ship. On March 9 2000, a fire broke out

Topic: Change Management Question: The concept of empowerment has generated much debate over recent years. What is your opinion?

716 words - 3 pages It is widely recognized that people are the most important asset an organization has, but they are also the most underutilized resource. In the increasingly competitive, knowledge based economy; independent entrepreneurship and initiative are the vital edge for organizations to achieve competitive advantage. Highly motivated and educated staff are critical to the development and implementation of strategies. In today's knowledge based corporate

10 Years Beyond: The Role of Biomedical Computing in Future Health Care

1097 words - 5 pages 10 Years Beyond: The Role of Biomedical Computing in Future Health Care If one were asked to predict the future of medicine a decade ago, I am certain only the most optimistic of people may have gotten a few predictions right. The future of health care which is based of countless variables is difficult to predict but one thing is for certain that computation will one of the most crucial aspects of its progress. Be it diagnosis or treatment

Similar Essays

Analyse The Strategic Solutions That Two Companies Operating From Bric Countries, For Example, China Or Brazil, Have Made In The Last 5 10 Years

1116 words - 5 pages plans to buy as much as 10 percent of Portugal Telecom 3Presence in new businesses and markets: For Oi’s strategy, it is vital to pursuit the innovation and continuous growth of new businesses. It requests to evaluate opportunities in the telecommunications industry continuously, which related segmentations that offer synergies with the company’s existing businesses. Telemar providers stake claim in country’s brad broadband plan with three other

Analyse The Strategic Solutions That Two Companies Operating From Bric Countries, For Example, China Or Brazil, Have Made In The Last 5 10 Years

841 words - 4 pages strategic solutions over last five to ten years. The objective of the research is to gain an understanding how firm’s strategy impact the economy’s growth and key success factors that companies have explored as well as to discover how the companies have implemented solutions accordance with company’s key strategies. 1.2Telemar Norte Leste S.A (Oi) Overview Telema performs under the brand name Oi, as a leading Brazilian telecommunications

China And India Will Be The Major Players In The Global Economic System In 10 Years Time.Discuss

709 words - 3 pages In the recent era a very emerging dilemma that has become a burning issue is the economy growth in countries such as China and India. Moreover, China's and India's resources system will have influenced on developed countries which have already relied on their own economy by producing goods and services. However, this essay will discuss the main aspects which will lead China and India to be the major players in the future of the global

The Most Import Dynasty For China History

1528 words - 6 pages The most import dynasty for China history - Qin dynastyQin dynasty in the history of China has the largest and most profound influence. Although, Qin dynasty was just the short time period for the China history which just have 15 years, but in this 15 years Qin created and become to be the empire. The king of Qin dynasty who called Qin Shi Huang, he was the first emperor to unified China. Before Qin Shi Huang to unified China, China was during