We use cookies to give you the best experience possible. By continuing we’ll assume you’re on board with our cookie policy

Economic Analysis of China Essay Sample

  • Pages: 3
  • Word count: 705
  • Rewriting Possibility: 99% (excellent)
  • Category: china

Get Full Essay

Get access to this section to get all help you need with your essay and educational issues.

Get Access

Introduction of TOPIC

Recent studies show that the Gross National Product of China is $1325 billion, approximately $1035 per capita.  Average per capita income of Beijing residents is $1900 (15, 600 yuan) per person.

The wealthy upper 20 % of the population, typically educated with masters degrees or doctorates, pull in an average $3600 per capita.  Quite opposite, the uneducated poor, contributing to the lower 20% of the population make only $890 per capita.  The remaining 60% make up the middle class and pull in between $2000-$2230 per capita.  The gap between the rich and middle class continues to grow, seemingly contributing to a loss of the middle class, leaving only a upper and lower class as a result of more and more Chinese choosing to continue their education.

Beijing’s major industries include automobile and real estate.  Beijing’s major exports include textiles, food, and steal, totaling over $7.5 billion, reaching Japan, US, Germany, and Hong Kong.  Major imports to Beijing include industrial equipment and textiles, totaling over $16.6 billion.  China as a whole tends to maintain a trade surplus of about $30 billion.

In 1991 China began it’s entrance into the world of free trade by joining groups such as APEC (Asia-Pacific Economic Cooperation) and the World Trade Organization in 2001.  China has agreed to lower tariffs to a record 10 or even

9% by the year 2005.  China is also allowing private businesses the ability to import and export on

Sorry, but full essay samples are available only for registered users

Choose a Membership Plan
their own, formerly under the watchful control of the government.  To date the trade environment continues to improve.

 The current currency exchange rate is 8.3 yuan to the dollar, fluctuating at a rate of about 2% throughout the year.

 The people of China have much access to media in the form of talk radio, journals, television, and the internet.  To date, more than 100 million people have internet access.  There are more than 2200 newspapers and over 7000 magazines and journals, reaching millions.  Over one hundred million people have access to a television.  The media is having a greater and greater impact as journalists and reporters speak more freely and challenge authority.  As literacy and education continue to increase, so do the mediums in which people wish to collect and learn information.

 Beijing is home to over 260 medium and large-size retailers, typically specialty stores, specializing in a range of products from clothing to jewelry to antiques.  As of 2003, 1500 chain stores operated out of Beijing, pulling in over $2 billion in six months.  Wal-Mart has also been welcomed into China and consumers are seeing the benefit of buying from the larger companies in order to save money.

While smaller retailers still do well during holiday shopping seasons, it is hard to forecast whether or not they will survive with the rise of chain stores such as Wal-Mart.  While many large chains and retailers will accept credit cards, it is always wise to have cash, especially necessary to buy from local vendors.  Additionally, as the internet reaches more and more people so does the ability to buy goods on-line.

                                                                    Works Cited

            Beijing Mayor Welcomes Wal-Mart Chain Store.  People’s Daily. english.people.com.  13 November 2000. http://english.people.com.cn/english/200011/13/eng20001113_55046.html

            Beijing Promotes Growth of Chain Stores. www.chinadaily.com.  2 November 2005. http://www.chinadaily.com.cn/en/doc/2003-07/10/content_244301.htm

            China.  CIA World Fact Book. www.cia.gov.  20 October 2005. http://www.cia.gov/cia/publications/factbook/geos/ch.html.  2 November 2005.

            China-Facts at a Glance.   www.acdi-cida.gc.ca.  2 November 2005. http://www.acdi-cida.gc.ca/CIDAWEB/webcountry.nsf

            Economy of the People’s Republic of China.  Wikepedia.com.  2 November 2005.http://en.wikipedia.org/wiki/Economy_of_the_People%27s_Republic_of_China.

            Shopping of Beijing.  TravelChinaGuide.com.  2 November 2005. http://www.travelchinaguide.com/cityguides/beijing/shopping.htm

We can write a custom essay on

Economic Analysis of China Essay Sample ...
According to Your Specific Requirements.

Order an essay

You May Also Find These Documents Helpful

The US and China in pursuit of...

It is natural that humans have different identities. However, there are those who try to reach their depths and identify their identity, but there are some who may be still in search for their lost identity. In Amy Tan’s” A Pair of Tickets” (1952), the main character suffers from this issue a lack of identity?. This story is about Jing Mei, the protagonist who started the journey of leaving the United States to for China in pursuit of finding her true origin. The struggle of Jing Mei is that she is stuck between two identities, the modern American one and the one with the one based in her Chinese heritage. And this essay is focused on this issue. Does not say much? “In this essay, I will show how this…” And it must be something that is not obvious! The protagonist was really influenced by her mother side. This impact...

The challenges of venture capital investment in...

The challenges of venture capital investment in China given increased for competition for deals, teams significant regulation changes and rising preference for local terms versus foreign VCs. In this case we have highlights on issues which should be considered when investing in China's market. Some of the issues are the factors to consider when we are entering foreign market and how to make that market more attractive for investors than it was before. When dynamics of a foreign market change, as it was the case with China, how to develop a new investment strategy eg. where to focus, what firms should you partner with? After reading case study we are able to evaluate whether to continue investing in a market and how to develop new strategy. Also, to recognize additional opportunities that are coming with entering and making investments in a foreign market. The first raise fund of John Dean...

The Tang Dynasty in China

During the Tang dynasty, Dee Jen-dijeh, commonly known as Judge Dee, is the district magistrate of Chang-Ping. The novel, Celebrated Cases of Judge Dee, revolves around three complicated murders that Judge Dee and his advisors investigate. Judge Dee is a revered man who is well known for maintaining justice and resolving difficult cases. Each case he acquires demands a certain set of expertise that Judge Dee possesses. Judge Dee is able to solve each case because he is a good Confucian scholar, he applies the concept of the five relationships, he implements Legalist ideas, and he is a good Daoist. One of the first things that makes Judge Dee an effective magistrate is that he demonstrates his comprehension of Confucianism through filial piety and other Confucian beliefs. Confucianism originates from the teachings of the famed Chinese philosopher Confucius. One of the main ideas Confucians value is education. To gain his...

Popular Essays


Emma Taylor


Hi there!
Would you like to get such a paper?
How about getting a customized one?