The Reality of Chinas Growth

The Reality of Chinas Growth China’s continuous double digit economic growth may not be sustainable in the long term. The Chinese economy has consistently posted high growth figures even as the rest of the major world economy giants undergo recession. Though probable, such a trend is unlikely to last long and will likely stall in the near future.Advertising We will write a custom essay sample on The Reality of China’s Growth specifically for you for only $16.05 $11/page Learn More One of the reasons postulated for the eventual decline in the Chinese economic growth is that the Chinese economy is highly dependent on foreign demand. Although many Chinese officials try to downplay this interconnectedness with other world economies, the evidence is clear (Breslin 1180). Chinese officials go as far as to manipulate international trade figures in order to downplay the emerging fact that, the projected growth may be partly a function of manipulated figures. At the beginning of t his year (2011), analysts and critics reported that some Chinese officials had the figures in copper trade altered in order to inflate the import numbers. Furthermore, as the European and American economies struggle with the mounting debt and perpetual economic crises, China, on the other hand, as the biggest foreign exchange holder of American and European debt, is bound to be drawn into the arising economic uncertainties. Another reason that analysts believe that the sustained growth of the Chinese economy is impossible is because it defies basic economic growth cycle patterns. Cycles of economic boom and recession are inevitable in any economy. The reason why the Chinese people have been able to experience the continuous and sustained growth is that, the Chinese government intervenes to cushion its markets from recession. The heavy presence of government in nearly all spheres of the economy also paints a negative picture of the Chinese economy and its long-term prognosis. The Chinese economy is also heavily industrial and manufacture oriented, pointing to an unwieldy economy that needs to adapt and be nimble in order to survive an uncertain future.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Furthermore, although the Chinese are famed for their entrepreneurial spirit, the policies of the Chinese government sometimes stifle the enterprising pursuits of the Chinese. Many dynamic businesses and firms that mushroom are sometimes quickly ‘swallowed’ or muscled out of business by the major firms that may enjoy the support of the state. Such practices tend to erode the spirit of entrepreneurship in the long term. China also has a huge labor force that sometimes poses a challenge to the government (Shuanglin and Song 2254). Ingeniously, the Chinese government absorbs the mass labor force into the huge and expanding Chinese service industry, w ith many hotels employing as many workers as possible. Many of these laborers are usually workers from other sectors of the economy that may have collapsed previously. Therefore, in conclusion, the continued high growth rate of the Chinese thriftiness is unsustainable in the end. The sustained growth, as has been discussed, is more a function of government policy and interference than a result of exclusive market dynamics at play. Inevitably, the Chinese economy will soon experience recession that is common to all economies. To what extent the government can cushion its citizens when this happens is an open question. However, in the end, the Chinese are better of preparing for such an eventuality than denying it. The economic stability of China is tied to its political stability, and when the markets eventually experience a recession, many analysts believe that political instability may ensue, and such an occurrence would unnecessarily erode the decades of political and economic p rogress. Breslin, Shaun. The politics of Chinese trade and the Asian financial crises: questioning the wisdom of export-led growth. Third World Quarterly 20.6 (1999): 1179-1199.Advertising We will write a custom essay sample on The Reality of China’s Growth specifically for you for only $16.05 $11/page Learn More Shuanglin, Lin, and Shunfeng Song. Urban Economic Growth in China: Theory and Evidence. Urban Studies 39.12 (2002): 2251-2266.

Ideas for Term Papers

Ideas for Term Papers Ideas for Term Papers Do you need ideas for your academic papers? A term or research paper is a matter of reading several sources on a particular subject. The task of writing such is not too difficult if it is thought out in advance. Use the following steps to help you write a sound term paper: Choosing a subject. This is really where your paper gets its success. If you choose the right topic then you will write a good paper. Finding sources of materials. Normally you would limit your sources to those available on the campus and use materials that are not more than 20 years old. Your content must be sound and authoritative. This is a very important part and it is also quite time consuming. Gathering the notes. As you research your materials you need to make notes of material you intend to use. Ensure you record the bibliographical information as well. Be honest in your use of material. Do not mispresent it to support a point when it actually does not. Do not avoid presenting opposing views if it helps establish yours. Outlining the paper. Once you have gathered your information on your topic you need to then prepare the outline of your paper. Sort your material into main divisions. Then within those use subdivisions, being careful to stay focused and relevant on the subject. It should begin to take on a definite structure. Refine this structure until you are satisfied it covers your subject and materials in a clear and logical way. Writing the first draft. Now using the material you have gathered and following your outline begin to present your points. Write the paper around the outline, being sure that you indicate in the introduction part of the paper what its purpose is. Tell the reader what you are going to say. Then in the body paragraphs explain and support your thesis of your paper making sure your paragraphs are clear and contain a coherent idea that is supporting the topic. Each paragraph should flow logically until you have finished your presentation .Finally, bring your thoughts together in your concluding paragraph. Editing the paper. Once you have finished writing it is time to edit your paper. Read it first and if necessary rewrite parts until you are satisfied with the flow of the paper and that the introduction body and conclusion are a focused unit. If you think you will not manage to do your paper on your own you can always ask our professional writers to assist you. If you give them your requirements they will write your paper. It will be original, custom written to your needs, high quality and plagiarism free. Also, take advantage of our affordable prices and place your order right now. You can easily hire the best term paper writer to have your academic project written from scratch.