Discuss the Rise of China as an Economic Power

Essay by eric05University, Bachelor'sB, March 2009

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Powerful because of an inexhaustible labor and more and more trained, with considerable resources, China is becoming the new world superpower. Moreover in the international view, China does not cease being in the center of all the debates. Far from being exhaustive, this study has as an ambition to raise some doubts, interrogations and especially to cause the desire and, curiosity to discover the formidable growth of this country. Firstly, we will define and explain the socialism of the market and talk about some problems that China endures. Secondly, we will focus on economic flows between China and the rest of the world.

The concept of "socialism of market" was launched by Deng Xiaoping, president of China, in 1992. It is about a controlled economy, which advances towards the liberalism, opening to the world step by step. The central economy remains controlled by the State, although the country tends towards a market economy.

This passage of a planned economy to a market economy allowed important profits as well as in control the level of the importation as in exportation. "In the transition to a market economy, the working class is in the process of changing and restructuring" quoting Bill Taylor, an Associate professor in Public and Social Administration.

The population of China counts approximately 1.26 billion of habitants, or 20% of the world population. Furthermore, China constitutes the largest market and the most gigantic reservoir of labor in the world. Classified among the principal world producers of cement, coal, steel, meat, egg, oil, cotton and cereal; China possesses abundant resources due; obviously, to the size of its territory. "Long considered an overpopulated, repressive, backward country, China has in the last decade entered the small circle of advanced industrial...