economic rise of china and its consequences
TRANSCRIPT
China : some information (2013)
Complete name : People's Republic of China Population : 1,368 billion inhabitants Area : 9.561.000 km² Head of state : Xi Jinping
Historical review
Centrally planned economy, Mao Zedong (1949-1979)
Beginning of socialist market economy, Deng Xiaoping (end of the 1970's)
WTO in 2001, a symbol 2008 : less affected 2010 : 2nd economic powerhouse
After 1979
First stage De-collectivisation of agricultrue Trade&Foreign Inv Less barriers on entrepreneurshipSecond stage Privatisation Lifting of price control Protectionist policies
China : a socialist market economy
Economical liberalism & authoritarian political system
Different kind of companies : state owned ; state holding ; private ;urban collectives
Chinese economical situation
Unemployment rate (2013) : 4,1% (IMF)
GDP (2013) $9181 billions (IMF)
Growth : 7,7% (IMF)
A weak currency
1€ = 6,62 renminbi 1$ = 6,25 renminbi. Advantage in trade : exports are
supported Currency impossible to convert
Incomplete transition to market economy
Over dependance on export and fixed investment
Banking systemGrowing pollutionCorruption
Challenges for China
Consequences on global growth
China is supposed to help global growth
But new orientated economy (2011) Another theory..
Consequences on global supply
Cheap and large work force & weak currency
Higher competition But closed domestic market (technology
transfer)
Biggest amount of greenhouse gases in the world
In the Kyoto Protocol but... Agreement with the USA (end
of 2014)
Consequences on the environment