The Rise Of China's Economic Growth

1722 words - 7 pages

The economy has been a tough battle to fight and always will be a never-ending war for China as well as the rest of the world. China's biggest problem is the high population growth rate and finding enough food to feed everyone. During World War 2 food became scares and the government knew they needed to make some drastic changes for the country's wellbeing and in order to flourish in years to come.During World War 2 the People's Republic of China was governed in a Soviet style making China a communism country. With the great size of China and all of their resources they had a little role in the world economy. China's boarders where basically close to international market trade giving China no way to flourish. During these rough times the Chinese had little to no food. The Chinese Communist Party gave the people in the country very little since they governed all of the states apparatuses and the legislative.After World War 2 the government knew that there must be a change in the government system or else the country would continue to disintegrate. In 1978 pragmatists with in the People's Republic of China started a program that was lead by Deng Xiaoping to reform the way the country will operate, called the Socialism with Chinese Characteristics. Some people say that China's new economy system is a mixture of Socialism and Capitalism, but with their new system made China's economy market doors open with lucrative outcome. Now the government encourages rural enterprises and private businesses and using their resources they have in China. The poverty rate decrease from 53 percent in 1981 to 8 percent in 2001.The great success of China's economic rise is due to domestic demand not exports. China's economy has been rising 10 percent a year and is still growing. With this great success is cause by China's productivity and supply and demand, by focusing on commercial and military implications. China put their money into new technology and Americans imports 10 percent in China's computers accessories and peripherals and parts. With this say America is the number one country of imports of China's merchandise. In 2006 China has exported $287.8 billion in merchandise to America. China had a large enough country and a large population and good economic system that they will surpass America and become the world economic leaders with all of the services, abundance of raw material, and resources.Due to the rapid growth of China's economic status since the Industrial Revolution China has not put in enough time to study about the effects that would come out of all of this like the number one problem that China and world is facing, air pollution. The major cities in China like Beijing are one of the most polluted cities in the world. The industrialization and the urbanization has rapidly grow making the cities expand and become heavily polluted. With the industries you have untreated industrial smoke and more energy is being poured in to these industries. The...

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