How Did China's Economic Growth Slowdown Of The Asian Giant?

China has already overtaken Japan to become the world`s second-largest economy in recent five years. “However, such economic

China's ancient teachings and religion helped shape china to its current "Golden Age". Education is mandatory and prized both by the culture and by the state just like Islam believed in it "Golden Age". Hong Kong is the second smartest city in the world because, China believes education is too important. China has third best and the largest military in the world. Over the last 7 years China has developed the best new technology, including a

The purpose of this research report is to provide an overview of China’s economic growth in relation to the long term economic growth drivers. Critical assessment will be made on the growth drivers to determine whether they lead to long term economic growth.

Since the reform and opening up, the economy of China grows significantly, as an emerging economy, China's economy has made tremendous contributions to the global economy, and Renminbi has become one of the most important currency in the world. According to the survey conducted by China National Bureau of Statistics found that from 1979 to 2012, China has attained an annual average growth rate of 9.8% for its national economy, while the annual average growth of the world economy is only 2.8 % during the same period. In past 30 years, China's GDP surpassed Japan’s, China became the world 's second largest economy, in addition, the huge total volume of trade makes China become the world 's largest trading nation. The contribution of China’s

Nowadays, China has become the second largest economy in the world. The GDP (gross domestic product) of china was growing at 9.7% per year in average since 1978, which the year of Chinese “open door” politic founded. China also has become the biggest producer and consumer in many key agricultural and industrial markets and the largest FDI recipient among the developing countries. The performance of china in developing of economy is called “china’s economic miracle”, which be studied by many economists. However, there are also bad results with the development of economy in china such as environment disruption, corruption and

The economic growth rate of China rate grew by 1.8 percent following the measure of economic growth which is the GDP growth rate. The GDP growth rate is one of the adequate economic growth measures. It indicates that the rate expanded 1.8 percent in the second quarter of 2016 increasing from the previous quarter of 1.2 percent growth. It also surpassed the market projections of 1.6 percent expansion (Levchenko & Zhang, 2016). It was the strongest economic growth

In 2014, China’s GDP (Purchasing Power Parity) was $17.62 trillion. However, China’s per capita income is below the world average. China’s GDP per capita stood as $12,900. According to Magnier (2014), “The country’s gross domestic product last year totaled

An article in The Economist from November 13th 2009 written by Joshua M Brown titled ‘Secret Sauce’ supports my findings of why China’s GDP growth can be explained by their TFP growth. Brown (2009) argues that China’s rapid growth is not just due to heavy investment as is the common claim, but to the fact they have the fastest productivity gains of any country in the world. The United States has achieved small but steady TFP growth which translates into a similar smaller annual GDP growth than that of China. Australia on the other hand has in the past 10 years experienced a slowdown in TFP growth but it has seemed not to have affected total GDP growth too much.

The rise in China from a poor, stagnant country to a major economic power within a time span of twenty-eight years is often described by analysts as one of the greatest success stories in these present times. With China receiving an increase in the amount of trade business from many countries around the world, they may soon be a major competitor to surpass the U.S. China became the second largest economy, last year, overtaking Japan which had held that position since 1968 (Gallup). China could become the world’s largest economy in decades.

During the 16th century the single whip impact China economy flourished with Europe being able to provided China with silver. China’s Ming Empire created a tax reform that forced its revenue to be paid in silver. Europe was able to provide this resource through mines of Potosi (Bolivia) and conquered land. Historians argue that Spanish greed, lead to an enormous demand in trading with China. Silver is what what drove the linkage with Europe and Asian countries to China. (Huang Yale Press) Japan and Spain desired porcelain and silk so the had they were forced to meet Zhang Juzheng terms if not deals would have ever been met. Without the single whip impact pre-modern globalization would have never occurred and Europe would not have been able

China currently remains second ranked in GDP. From the year 1990, China was ranked 11th place, ten years later it climbs to 6th place. Now, China currently remains second ranked in GDP and sustained that way for quite a long time. This is because of their cheap labour; they have maintained contracts with foreign tradesmen from licensed companies and continue to manufacture their products. Though they are running smoothly it is hard to equate America to china. This is because America is a mass producer of goods for the country and products from foreign tradesman. But according to business insider China may grasp the opportunity to overtake America by 2020.

Economy The Chinese economy experienced shocking development in the most recent couple of decades that shot the nation to wind up the world 's second-biggest economy. It accounts for in the most recent China 's

China's economic output for 2006 was $2.68 trillion USD. Its per capita GDP in 2006 was approximately US $2,000, still low by world standards (110th of 183 nations in 2005), but rising rapidly. As of 2005, 70 per cent of China's GDP is in the private sector. The smaller public sector is dominated by about 200 large state enterprises concentrated mostly in utilities, heavy industries, and energy resources.

The economic growth slowed down in the past 3 years. The GDP growth decreased from 7.76% in 2013 to 6.9% in 2015. At the same time, as a big contributor to the total GDP, the proportion of the second industry decrease, while the tertiary industry replaced the first place and accounted for 50.5% (National Bureau of Statistics of China 2015), indicating that China is trying to change its economic structure. Besides, the CPI figure shows a steady decrease, while the disposal income gradually rises. In brief, the performance of the economic indicators shows that the economy of China is slowing down.

Economic growth means the increase in the real GDP over time. It can be caused by an increase in an aggregate demand or aggregate supply. However, long-term economic growth mainly results from an increase in aggregate supply for instance increased capital, etc. Growth accounting is the tool to estimate the contributions from various sources to economic growth. It is the growth of GDP explained by weighted growth rates of other variables. It should be cleared that the growth rates of other variables need not to be the final explanation of GDP growth (Holz, 2008). It is given by: ΔY/Y=ΔA/A + α.ΔK/K + (1-α) ΔL/L. How long run aggregate supply impact growth is shown below.