- published: 07 Jun 2016
- views: 59814
China's socialist market economy is the world's second largest economy by nominal GDP, and the world's largest economy by purchasing power parity according to the IMF, although China's National Bureau of Statistics rejects this claim. Until 2015 China was the world's fastest-growing major economy, with growth rates averaging 10% over 30 years, until it was surpassed by neighbouring India. Due to historical and political facts of China's developing economy, China's public sector accounts for a bigger share of the national economy than the burgeoning private sector.
China is a global hub for manufacturing, and is the largest manufacturing economy in the world as well as the largest exporter of goods in the world. China is also the world's fastest growing consumer market and second largest importer of goods in the world. China is a net importer of services products.
China is the largest trading nation in the world and plays a vital role in international trade, and has increasingly engaged in trade organizations and treaties in recent years. China became a member of the World Trade Organization in 2001. China also has free trade agreements with several nations, including China–Australia Free Trade Agreement, China–South Korea Free Trade Agreement, ASEAN–China Free Trade Area, Switzerland and Pakistan.
China, officially the People's Republic of China (PRC), is a sovereign state in East Asia. It is the world's most populous country, with a population of over 1.35 billion. The PRC is a one-party state governed by the Communist Party, with its seat of government in the capital city of Beijing. It exercises jurisdiction over 22 provinces; five autonomous regions; four direct-controlled municipalities (Beijing, Tianjin, Shanghai and Chongqing); two mostly self-governing special administrative regions (Hong Kong and Macau); and claims sovereignty over Taiwan.
Covering approximately 9.6 million square kilometers, China is the world's second-largest country by land area, and either the third or fourth-largest by total area, depending on the method of measurement. China's landscape is vast and diverse, ranging from forest steppes and the Gobi and Taklamakan deserts in the arid north to subtropical forests in the wetter south. The Himalaya, Karakoram, Pamir and Tian Shan mountain ranges separate China from South and Central Asia. The Yangtze and Yellow Rivers, the third- and sixth-longest in the world, run from the Tibetan Plateau to the densely populated eastern seaboard. China's coastline along the Pacific Ocean is 14,500 kilometres (9,000 mi) long, and is bounded by the Bohai, Yellow, East and South China Seas.
China’s leaders have a mammoth task steering the world’s second largest economy out of its current slowdown. This QuickTake examines the challenges they face. Like this video? Subscribe to Bloomberg on YouTube: http://www.youtube.com/Bloomberg?sub_confirmation=1 And subscribe to Bloomberg Politics for the latest political news: http://www.youtube.com/BloombergPolitics?sub_confirmation=1 Bloomberg is the First Word in business news, delivering breaking news & analysis, up-to-the-minute market data, features, profiles and more: http://www.bloomberg.com Connect with us on... Twitter: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness Instagram: https://www.instagram.com/bloombergbusiness/ Bloomberg Television brings you coverage of the biggest business st...
China Slowdown (2009): Chinas economy is in danger. We travel to Dongguan, the Southern market city known as the workshop of the world to discover just how the global financial crisis is bringing down the Asian Giant. For similar stories, see: Exposing The Changing Face Of Superpower China https://www.youtube.com/watch?v=JswfjZ7KZ-0 In China Overpopulation and Unemployment Go Hand in Hand https://www.youtube.com/watch?v=cC5XEQAgfQo Air Pollution Is Having A Terrible Impact On Health In China https://www.youtube.com/watch?v=_infvUzRubE Subscribe to journeyman for daily uploads: http://www.youtube.com/journeymanpictures For downloads and more information visit: http://www.journeyman.tv/film/4358/china-slowdown Like us on Facebook: https://www.facebook.com/journeymanpictures Follow us...
Countries around the globe are nervously watching what is happening to the Chinese economy - and fear the potential knock on effects. New government statistics say China's GDP grew last year by almost seven percent - many other countries would be delighted by that. But its the lowest growth for 25 years - and another sign that the heady days of record-breaking economic expansion are long gone. The true situation could be even worse - some analysts do not believe the official data. As the world's second biggest economy again stalls, countries which export commodities such as oil and iron ore to China are suffering - with the possibility of worse to come. So, what has gone wrong? And should the world be concerned? Presenter: Sami Zeidan Guests: Pauline Loong - Managing director of As...
Sub for more: http://nnn.is/the_new_media | Daily Coin for Intellihub Reports The BIS (Bank for International Settlement), one of the Western banking cabals top monetary watchdogs, is announcing to the world that China’s monetary, economic and financial systems are in trouble. Got Kids or Grandkids? Take a break at our new Kids Channel: (( SUBSCRIBE )) http://bit.ly/sub-to-Banchi-Brothers See the report here: https://youtu.be/uXX1B5zYdzI Read more: https://www.intellihub.com/bis-warns-china-is-imploding/ ------------------------------------------------------------------------------------ SUPPORT THE NETWORK WITH THE LINKS BELOW! ------------------------------------------------------------------------------------ Patreon $5/mo: http://nnn.is/monthly-gift-5 Give Once: http://nnn.is/one-t...
A very poor country turned modern economy, China is now facing economic hardship. How did this happen? What led to its astonishing economic growth and what’s fueling its current woes? Join Tyler Cowen as he dives into the rise and fall of China’s economy. Many of China’s current problems are rooted deep in the country's economic history. We start our discussion in 1979 when Chinese reformers introduced the concept of private property and more capitalistic incentives, privatized agriculture, and allowed for more manufacturing and exporting — all of which put China’s economy on an upward trajectory. Along with these reforms came transformational growth. For much of the past 35 years, China’s GDP per capita has grown at about 10% per year. In other words, living standards in China doubled a...
Is the world's largest economy really all it's cracked up to be? The Chinese Communist Party likes to brag it's an economic powerhouse with GDP and growth the rest of the world envies. But it turns out, China's economy really isn't what you think. Watch this episode of China Uncensored to find out why! Check out this video from our friends at Seeker Daily! What Is Life Really Like In An Economic Panic? https://youtu.be/58s_bp93trE Join the China Uncensored 50-Cent Army! https://www.patreon.com/ChinaUncensored Subscribe for more China Uncensored: http://www.youtube.com/ntdchinauncensored Make sure to share with your friends! ______________________________ Twitter: https://twitter.com/ChinaUncensored Facebook: http://www.facebook.com/ChinaUncensored Google+: https://plus.google.com/+NTD...
Can China, an economy built on bribery, survive Xi Jinping's anti-corruption campaign? Contribute! Join the China Uncensored 50-Cent Army! https://www.patreon.com/ChinaUncensored Subscribe for more episodes! https://www.youtube.com/NTDChinaUncensored Make sure to share with your friends! ______________________________ Twitter: https://twitter.com/ChinaUncensored Facebook: http://www.facebook.com/ChinaUncensored Instagram: http://instagram.com/ChinaUncensored ______________________________ MORE EPISODES: Mooncakes: Tasty Treats, or Instruments of Corruption? https://www.youtube.com/watch?v=GaAtJQuIGyk Why China's Slowing Economy Is Bad for America https://www.youtube.com/watch?v=ucMiUMyoLeQ Will a Luxury Watch Be Useful in Chinese Prison? https://www.youtube.com/watch?v=qevrr8FHGXs ...
China's economy is slowing and that's bad news for the United States. And now, job loss to third world countries, lower wages, and worse worker rights are on the table, not just for America, but for China as well. Manufacturing is being exported to countries like Vietnam. Can the Communist Party maintain it's grip on power if it seems like an economic meltdown is on the horizon? Join the China Uncensored 50-Cent Army! https://www.patreon.com/ChinaUncensored Subscribe for more episodes! https://www.youtube.com/NTDChinaUncensored Make sure to share with your friends! ______________________________ Twitter: https://twitter.com/ChinaUncensored Facebook: http://www.facebook.com/ChinaUncensored Instagram: instagram.com/ChinaUncensored ______________________________ MOBILE LINKS: 5 Signs Chi...
This summer, China's frankenstein-like, hybrid economy turned on its creator, forcing the government to take unprecedented action to prevent its collapse. Subscribe to TDC: https://www.youtube.com/TheDailyConversation/ This video is based on the following sources: http://www.theguardian.com/world/2015/jul/16/why-chinas-stock-market-bubble-was-always-bound-burst http://www.vox.com/2015/7/8/8911519/china-stock-market-charts http://news.yahoo.com/china-pays-price-avert-stock-market-crash-151048376--finance.html Like our page on Facebook http://www.facebook.com/thedailyconversation Join us on Google+ https://plus.google.com/100134925804523235350/posts Follow us on Twitter http://www.twitter.com/thedailyconvo Music: AudioBlocks https://www.audioblocks.com/
Chinese markets plunged on Monday in the biggest loss since the financial crash of 2007. There is growing concern among investors that the world's second-biggest economy is declining more than previously thought. The government has injected $100 billion into banks to help spur the economy. Earlier, China's central bank devalued the yuan in a move seen as a bid to help exports. But what is causing this decline? And what are the ramifications for the global economy? Presenter: Mike Hanna Guests: Fraser Howie - Co-author of 'Red Capitalism: The Fragile Financial Foundation of China's Extraordinary Rise.' Alberto Gallo - Head of Macro Credit Research at the Royal Bank of Scotland. Peter Schiff - CEO and Chief Global Strategist of Euro Pacific Capital. Subscribe to our channel http://bit.ly/...
Read your free e-book: http://hotaudiobook.com/mebk/50/en/B00EAO3RFC/book China's economic growth has transformed the country from one of the poorest in the world to its second largest economy. Understanding the drivers of growth remains elusive as the country is affected by both its transition from central planning and the challenges of a developing country. This book examines the main themes of growth, offering micro level evidence to shed light on the macro drivers of the economy. It also focuses on law and informal institutions of theeconomy to highlight the importance of entrepreneurship and the development of the private sector.
Read your free e-book: http://hotaudiobook.com/mebk/50/en/B008E52GDC/book How has the Chinese economy managed to grow at such a remarkable rate no less than ten per cent per annum for over three decades? This well-integrated book combines economic theory, empirical estimation, and institutional analysis to address one of the most important questions facing contemporary economists. A common thread that runs throughout the book is the underlying political economy: why China became a 'developmental state', and how it has maintained itselfas a 'developmental state'.the book examines the causal processes at work in the evolution of China's institutions and policies. It estimates cross-country and cross-province growth equations to shed light on the proximate, and some of the underlying, determi...
The Next Economic Disaster 2015: China's Economy Is Headed For Collapse China has a unique, state-driven model of capitalism that clueless economists . The Next Economic Disaster 2015: China's Economy Is Headed For Collapse China has a unique, state-driven model of capitalism that clueless economists . [HD] The Next Economic Disaster 2015: China's Economy Is Headed For Collapse China has a unique, state-driven model of capitalism that clueless . The Next Economic Disaster 2015: China's Economy Is Headed For Collapse China has a unique, state-driven model of capitalism that clueless economists .
Read your free e-book: http://hotaudiobook.com/mebk/50/en/B00HSMEPHC/book While economy or budget hotels have been popular in western countries since the end of the Second World War, they have only emerged as a sector in their own right in China since the mid-1990s. Indeed, as a new service industry sector, economy hotels in China demonstrate important characteristics which can be used to illustrate and help explain Chinas current economic progress more generally. This book provides a comprehensive overview of the economy hotel sector in China. It covers macro-level social-cultural, economic, environmental, geographic and development issues, alongside micro-level consideration of the budget hotel companies innovative management and marketing procedures, business expansion strategies, gener...
Read your free e-book: http://hotaudiobook.com/mebk/50/en/B00XPRENE4/book This book reports the findings of two field studies conducted between 1993 and 2001 in seven townships and six provinces in China. The authors describe the process of rural urbanization and its related economic, social, and political changes by focusing mainly on the zhen (town), in addition to administrative offices and companies involved in the local economy, and village committees. The authors show that the social changes resulting from China's economic reforms are occurring mainly from below, and that this process is also resulting in a weakening of the economic and political dominance of the central government. Other changes discussed in this study include the development of new ownership structures and the incr...
Read your free e-book: http://hotaudiobook.com/mebk/50/en/B000SF3LIA/book The contemporary Chinese financial system encapsulates two possible futures for China's economy. On the one hand, extremely rapid financial deepening accompanied by relatively stable prices are both manifestations of a vigorous growth trajectory that will one day make China the world's largest economy. On the other hand, the colossal store of non-performing loans in the banking sector augurs a troubling future. Factions and Finance in China inquires how elite factional politics has given rise to both of these outcomes since the reform in 1978. The competition between generalists in the Chinese Communist Party and politically engaged technocrats over monetary policies has time and time again prevented inflation from s...
Read your free e-book: http://hotaudiobook.com/mebk/50/en/B011TJOW90/book This book is a quarterly forecast and analysis report on the Chinese economy. It is published twice a year and presents ongoing result from the china Quarterly Macroeconomic Model (cqmm), a research project at the Center for Macroeconomic Research (cmr) at Xiamen University. Based on the Cqmm model, the research team forecast major macroeconomic indicators for the next 8 quarters, including the rate of Gdp growth, the Cpi, fixed-asset investment, resident consumption and foreign trade. At the same time it focuses on simulation of current macroeconomic policies in China. In addition to helping readers understand Chinas economic trend and policy guide, this book has three main goals: to help readers understand Chinas e...
Read your free e-book: http://hotaudiobook.com/mebk/50/en/B018QBB8NM/book This book is a quarterly forecast and analysis report on the Chinese economy. It is published twice a year and presents ongoing results from the china Quarterly Macroeconomic Model (cqmm), a research project at the Center for Macroeconomic Research (cmr) at Xiamen University. Based on the Cqmm model, the research team forecast major macroeconomic indicators for the next 8 quarters, including the rate of Gdp growth, the Cpi, fixed-asset investment, resident consumption and foreign trade. At the same time it focuses on simulation of current macroeconomic policies in China. In addition to helping readers understand Chinas economic trend and policy guide, this book has three main goals: to help readers understand Chinas ...
Soaring debt and stagnant growth in China are a major threat to the global economy, said Harvard professor and former chief economist of the International Monetary Fund (IMF) Kenneth Rogoff in an interview with the BBC.I think the economy is slowing down much more than the official figures show," Rogoff told the British broadcaster. The IMF expects the Chinese economy to grow 6.6 percent this year, its lowest growth since 1990. "If you want to look at a part of the world that has a debt problem, look at China. They've seen credit fueled growth and these things don't go on forever," he added. Rogoff doesn’t rule out that one of the main drivers of the global economy may face a “hard landing”. "We've taken it for granted that whatever Europe's doing, Japan's doing - at least China's movi...
Read your free e-book: http://hotaudiobook.com/mebk/50/en/B00CYNTX4K/book A variety of viewpoints is offered in this timely analysis of China's economy and the future shape of Beijing's energy consumption. The authors, all noted authorities in the fields of economics, diplomacy, energy, and defense, consider an unprecedented range of influences and factors to avoid the limitations of looking at the subject myopically or with political bias. They conclude that while energy insecurity could eventually lead to an arms race at sea or even a naval conflict that neither side wants, there is ample room for Sino-american energy dialogue and cooperation in the maritime domain.
China’s National People’s Congress meets to set out economic agenda. Presenter: Laura Kyle Guests: Chen Chen - China Economist at the Economist Intelligence Unit. Pauline Loong - Managing Director at Asia-Analytica and Analyst on China's Economy. Christopher Balding - Associate Professor at the HSBC Business School at Peking University. Source: Al Jazeera Subscribe to our channel http://bit.ly/AJSubscribe Follow us on Twitter https://twitter.com/AJEnglish Find us on Facebook https://www.facebook.com/aljazeera Check our website: http://www.aljazeera.com/
Mr Bert Hofman, the World Bank's Country Director for China, Korea and Mongolia in the East Asia and Pacific Region, will look at the future of China's economy. Mr Bert Hofman is the World Bank's Country Director for China, Korea and Mongolia in the East Asia and Pacific Region, based in Beijing. Prior to his present assignment, Mr Hofman was the World Bank's Chief Economist for the East Asia and Pacific Region and Director, Singapore Office. As regional chief economist he led a team to analyse key trends and policy issues across East Asia and the Pacific and as Director Singapore he helped build a partnership that focuses on expanding investment in infrastructure in emerging economies. Before moving to Singapore in 2011, Mr Hofman was the Country Director for the Philippines, respon...
On July 11, the John L. Thornton China Center at Brookings hosted Ning Zhu, deputy dean and professor of finance at the Shanghai Advanced Institute of Finance, Shanghai Jiaotong University. Zhu presented key findings from his research into Chinese sovereign, corporate, and household debt, and also introduced potential remedies to return China to the path of long-term sustainable growth. http://www.brookings.edu/events/2016/07/11-china-economic-bubble (transcript available) Subscribe! http://www.youtube.com/subscription_center?add_user=BrookingsInstitution Follow Brookings on social media! Facebook: http://www.Facebook.com/Brookings Twitter: http://www.twitter.com/BrookingsInst Instagram: http://www.Instagram.com/brookingsinst LinkedIn: http://www.linkedin.com/com/company/the-brookings-i...
China is hosting G20 summit, hoping to transform it "from a crisis-response system, to a long-term-governance body". Presenter: Adrian Finighan Guests: Einar Tangen - economic affairs commentator and adviser to the Chinese government on economic issues Anastasia Nesvetailova - director of city political economy research centre, City University London - Subscribe to our channel: http://aje.io/AJSubscribe - Follow us on Twitter: https://twitter.com/AJEnglish - Find us on Facebook: https://www.facebook.com/aljazeera - Check our website: http://www.aljazeera.com/
Arthur Kroeber speaks about the future of China's economy at the Paulson Institute's Contemporary China Speakers Series on May 16, 2016. In the last three decades China has surged from impoverished backwater to become the world’s second-biggest economy and largest trading nation. Yet as the recent tumult on global markets shows, China risks destabilizing the world as it makes the hard shift from an investment-driven to a consumer-oriented economy. The headwinds of a rapidly aging population, a battle against rampant corruption and an enormous national debt are also slowing the country’s growth. Will China mature into a global economic leader, trigger a crisis, or stagnate like Japan? Arthur Kroeber, one of the world’s leading commentators on the Chinese economy, tackles these tough questi...
Robert Peston explores China's dramatic economic slowdown and its potential impact on Britain. Visiting a ghost city and deserted factories in the north east, Peston reveals how China has built up one of the biggest debt bubbles in world history, and questions whether China's economic woes are worse than Beijing is admitting. In the booming south, Peston hits the shops to explore whether China can spend its way out of the slowdown - in the face of debts still growing by hundreds of billions of pounds a year.
http://www.weforum.org/ China's economic performance has captured global attention. What are the latest updates? Speakers: •Lei Jun, Founder, Chairman and Chief Executive Officer, Xiaomi, People's Republic of China; Co-Chair of the Annual Meeting of the New Champions 2016. •Hugh Martin, Chief Executive Officer, Sensity Systems, USA. •Xu Shaoshi, Chairman, National Development and Reform Commission, People's Republic of China. •Yan Qingmin, Vice-Mayor of Tianjin, People's Republic of China. Moderated by Li Daokui, Dean, Schwarzman College, Tsinghua University, People's Republic of China; Global Agenda Council on Global Economic Imbalances.
The Chinese economic slowdown comes as no surprise to global analysts. As outlooks are adjusted accordingly, it isn't the country's profit margins that are causing concern, but the decades of spending on unfinished building projects that have created a deluge of bad debt for China. Taxpayers point the finger of blame at the government and the lack of social change and development evaluations before money is squandered on the hundreds of unfinished projects, or "rotten buildings" as they have come to be known. According to the Chinese government, China currently has two billion square metres of empty residential space - enough to house 100 million people. Economists echo the peoples' sentiments with the reason for a potential crash placed squarely on the government's shoulders with its ...