150 words
Tl1788100
ChinaEconomy.pptx
How has China’s economy changed 1949-present?
What is the structure of PR China’s economy?
What are some major agricultural issues in China?
What are some industrial issues in China?
What is the Belt and Road Initiative?
What are the economic forces at work in China?
How has the economic reform policy progressed in China?
How has China’s economy changed 1949-present?
Economy Timeline
Mao 1950s Land reform, Collectivization, Great Leap Forward, 1960s Cultural Revolution
1976 Four Modernizations
Deng Reforms
1980s Agricultural Responsibility System
Socialist Economy with Chinese Characteristics
Exports
1992 Deng’s Southern tour
Regional Development, Coast, Interior
2000 Develop the West
2010 Moderate Prosperity, Technology, Green
2013 Third Plenum - China Dream
http://www.bbc.co.uk/news/business-25033622
http://www.bbc.com/news/world-asia-china-31744373
Videos
http://www.pbs.org/wgbh/pages/frontline/shows/red/
http://www.dailymotion.com/video/xen5f7_pbs-china-in-the-red-9- 11_news
What are the lives of people like?
Form of Economy
Mixed Economy
Market-Leninism
Transition: Elements of Socialism, Market & Capitalism
What is the structure of PR China’s economy?
Ownership types: State, Collective, Private and individual, Foreign
Economic Indicators
GDP Trillion $25.36
GDP per capita $18, 200
GDP growth 6.9% GDP Composition
Agriculture 8%, Industry 40% Service 52%
Labor Composition
Agriculture 28%, Industry 29% Service 43%
Poverty 3.3%, <RMB2300 ( US$400)
Trade
Exports (number 1):
US 19, Hong Kong 12, Japan 6, South Korea 5
Electrical, computers, apparel, furniture, textiles
Imports ( number 2):
South Korea 10, Japan 9, US 9, Germany 5, Australia 5
Electrical, oil, medical, ore, vehicle, soybean
Structure of China’s Transitional Economy 1
Structure of China’s Transitional Economy
Industrial structure (compare to Japan and S. Korea)
Enterprise groups – SOE State Operated Enterprise
state support/control, losing money, 25% industry
Collective enterprises – independent of state
manager bought company from state
40% industry
TVE Enterprises – Township and Village Enterprises (former collective)
Owned operated by rural - Dynamic element of economy
Structure of China’s Transitional Economy 2
Private Entrepreneurs - small business, 20% industry
services/manufactures Difficult taxes, legality, politics
Foreign Ventures – partnerships, 10% industry
– commerce, industry
Agriculture - backbone of economy 8% econ
employment / food supply
Responsibility system, state out of agriculture
have right to work land
Food price control and some subsidies still exist
Economic Dualism
Industrial v. non-industrial : worker - peasant
Coastal & open cities v. hinterland “backward”
City v. country
urban v. rural
China Inc?
Simplified form
CCP
Business Bureaucracy
(SOE, Coll., TVE) (State Council)
Rural Per Capita Incomes by Province in China: 2014
Copyright © 2016 by Rowman & Littlefield Publishers, Inc.
All rights reserved.
Figure 9.8
poverty
What are some major agricultural issues in China?
Grain Self Sufficiency
grain v. fruit veg, non food crops
Rural Poverty: 100 million poor
Lack market access, poor soil, erosion
Land Scarcity: more urban land
Land investment: who improves land?
Surplus farm Labor : migrants to city
Rural industry: keep employment in rural
What are some major Industrial Issues in China?
Market reform: local, national and international markets
Control: local, regional, national, foreign, global
Labor: jobs, training, skills, lay-offs, rural labor looking for work
Land: encroachment on farmlands
Capital: less of problem, foreign investment
Technology: more mechanization, less need for labor
Environment: land degradation, air pollution, water pollution; water usage
Shanghai Polyester
Shanghai Chairman
Shanghai
Shenzhen
Plastics
Construction
Belt and Road Initiative
What is the Belt and Road Initiative?
Sept 2013 Pres Xi at Astana, Kazakhstan, proposes Silk Road Economic Belt
Oct 2013 Pres Xi at Indonesia proposes Maritime Silk Road, China-ASEAN
March 2015 Boao Forum: Belt and Road
Routes and Ports of entry
China and Kazakhstan
Khorgos- highway
Alataw Pass- rail
China and Kyrgyz Republic
Torugart- highway
What are the economic Forces at work in China?
Trade Export #1, Import #2
Investment #7
Aid #1
Tourism arr.#4, dep.#1
