chinas economic future outlook

A detailed Summary of chinas economic future outlook


If China's economy grows as fast for the next 20 years as it has for

the past 14, it will be the biggest economy on earth:

I feel that China's drastic improvements over the last 14 years are

overwhelming, with their Real GNP growing at a rate of 9% a year, which

means by, 1994, China's economy will match the performance of countries

like Japan and Taiwan. China's standard of living has also increased, and

the number of people who were considered absolutely poor decreased

approximately 63%. I feel with the vast amount of people living in China,

and the economic activity booming like it is, China's exports will continue

to grow, as well as the standard of living. This will create more revenue,

and more capital for them to produce even more goods and become even

larger, prospering as one of the biggest economies on the earth. I also

feel that China should try to overcome its corrupt system and steadily move

Competition has been the key to China's success:

I believe that competition has been the key to China's success. When

Mr. Deng opened the free market, it brought the first signs of the farmers


strong rich neighbours. Mr. Perkins believed four conditions must be met

because of the capitalist society which has been introduced over the last

Why privatisation may not be needed:

subsidies to these firms and consumers, hence the budget gap would be more

reform. China's main driving force was competition, and they proved that

main export. It has now blossomed into a $300 billion trade by 1995.



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Approximate Word count = 947
Approximate Pages = 4 (250 words per page double spaced)

Category: Miscellaneous

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