China's Economic Growth Due To Recent Foreign Policies



Recent Chinese economic policies have shot the country into the world
economy at full speed. As testimony of this, China's gross domestic product has
risen to seventh in the world, and its economy is growing at over nine percent
per year (econ-gen 1). Starting in 1979, the Chinese have implemented numerous
economic and political tactics to open the Chinese marketplace to the rest of
the world. Just a few areas China's government is addressing are agricultural
technology, the medical market, and infrastructures, like telecommunications,
transportation and the construction industry. Chinese reform measures even
anticipated the rush of foreign investment by opening newly expanded ...

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upon the world economy. However, the impressive
growth rate of China's economy is not without its shortcomings. Problems such
as inflation and inefficient state-owned enterprises plague the rise of the
Chinese economy.
The main goal for China's modern foreign policies is the development of
the Chinese infrastructure. The significance of improved communication and
transportation cannot be over-stressed. Economically, enhanced means of
communication and transportation allows more expedient supply and demand
scheduling. Two of the latest Chinese reform measures to aid in the development
of the country are the Provisional Regulations on Direction Guide to Foreign
Investment and the Catalogue Guiding Foreign investment in China. Both these
policies place specific industries including telecommunications, machinery, and
electronics on top priority. Funding for these projects come from foreign
investments and appropriations from the Chinese government in the form of ...

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ago,
according to Zheng Xiaoyu, director of the State Pharmaceutical Administration
(scitech/med 1). The pharmaceutical market's growth is another example of the
economic progress China has made.
Even after accounting for all the economic benefits recognized by the
world, the Chinese still come out as the country with the most gains. However,
there are more motives behind China's market reforms than just purely economic.
On the political front, China is fast becoming an integral part of international
organizations. The Chinese government is making a conscious effort to reenter
GATT (the General Agreement on Tariffs and Trade), realizing the importance of
creating a favorable trading ...

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China's Economic Growth Due To Recent Foreign Policies. (2007, May 25). Retrieved October 19, 2018, from http://www.essayworld.com/essays/Chinas-Economic-Growth-Due-Recent-Foreign/65370
"China's Economic Growth Due To Recent Foreign Policies." Essayworld.com. Essayworld.com, 25 May. 2007. Web. 19 Oct. 2018. <http://www.essayworld.com/essays/Chinas-Economic-Growth-Due-Recent-Foreign/65370>
"China's Economic Growth Due To Recent Foreign Policies." Essayworld.com. May 25, 2007. Accessed October 19, 2018. http://www.essayworld.com/essays/Chinas-Economic-Growth-Due-Recent-Foreign/65370.
"China's Economic Growth Due To Recent Foreign Policies." Essayworld.com. May 25, 2007. Accessed October 19, 2018. http://www.essayworld.com/essays/Chinas-Economic-Growth-Due-Recent-Foreign/65370.
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PAPER DETAILS
Added: 5/25/2007 01:01:20 AM
Category: Economics
Type: Free Paper
Words: 1258
Pages: 5

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