China Economics

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Presentation Description

My group project for an Economics course in high school. If your professor/teacher wants you to study the government and economic structures in China then this is a good resource.

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By: mrivera_48 (125 month(s) ago)

My group project for an Economics course in high school.

By: mrivera_48 (125 month(s) ago)

This is a great source of Chinese Economics for 2008!

Presentation Transcript

China:

China Politics, Economy, & Current Events

China:

China Population: 1.3Billion

Religion/Ethnic:

Religion/Ethnic Officially Atheist Daoist (Taoist), Buddhist, Christian 3%-4% Muslim 1%-2% Ethnicity Chinese 91.5% Mongol, Tibetan, Korean Other nationalities 8.5%

Politics:

Politics Chinese Communist Party or CCP Hu Jintao Chief of State Peoples Republic of China Wen Jiabao Premier of the State Council

Structure of government:

Structure of government

Elections:

Elections President and Vice President elected by National People's Congress for a five-year term eligible for a second term Premier nominated by president, confirmed by National People's Congress unicameral National People's Congress or Quanguo Renmin Daibiao Dahui 2,987 seats; members elected by municipal, regional, and provincial people's congresses, and People's Liberation Army to serve five-year terms

Powers of the President:

Powers of the President 1. The power of promulgating laws. Laws adopted by NPC or its Standing Committee shall go into effect only after being promulgated by the president, which is the last act in the legislative processes in the People's Republic of China. 2. The power of issuing orders. The appointment and removal of the premier of the State Council, the issue of the order of special amnesty, the proclamation of martial law, a state of war and general mobilization can only be made or announced by the president. Since 1959, the president has issued the order of special amnesty on six occasions. 3. The power of making appointment or removals, i.e., the power to appoint or remove officials constituting the State Council. 4. The power of conferring titles, i.e., the power to confer state honors

How to become President:

How to become President Requirements to be president: Need to be a citizen of the peoples republic of china, have the right to vote, stand for elections, must be 45, politically mature, rich work experience, enjoy high reputation No organization, political parties, social organizations, or individuals have the power to remove the president or vice-president except the NPC. The presidium officially decides on the candidates for P and VP and the elections are through the NPC “The single-candidate practice will gradually be replaced by multi-candidate elections.”

Problems/ Extra Info:

Problems/ Extra Info There is only one person on the ballot It is not “democratic” The president is the supreme representative of the republic of china. Using a “collective leadership” Environment - current issues: Air pollution (greenhouse gases, sulfur dioxide particulates) from reliance on coal produces acid rain water shortages, particularly in the north water pollution from untreated wastes Deforestation estimated loss of one-fifth of agricultural land since 1949 to soil erosion and economic development trade in endangered species

Economy:

Economy Market Economy

Economy:

Economy Central Plan  Market Economy Past 30 years: Centrally planned system of international trade  Market-oriented economy with rapid growing private sector Major player in global economy China in 2008 stood as the second-largest economy in the world after the US

Economy:

Economy Reforms in 1970s Phasing out of collectivized agriculture Gradual liberalization of prices Fiscal decentralization Increased autonomy for state enterprises Foundation of a diversified banking system Development of stock markets Rapid growth of the non-state sector Opening to foreign trade and investment.

Currency:

Currency Currency Code: Renminbi (RMB); note - also referred to by the unit yuan (CNY) Currency Exchange Rate: Renminbi yuan (RMB) per US dollar 6.9385 (2008 est.) 7.61 (2007) 7.97 (2006) 8.1943 (2005) 8.2768 (2004)

Economy:

Economy Budget Revenues: $868.6 billion Expenditures: $850.5 billion (2008 est.) Gross Domestic Product: $7.8 trillion (2008 est.) Gross National Product: $547,780 Inflation rate: 6% (2008 est.)

Products and Industries:

Products and Industries Agricultural Products Rice, wheat, potatoes, corn, peanuts, tea, millet, barley, apples, cotton, oilseed; pork; fish Industries Mining and ore processing Iron, steel, aluminum, and other metals Coal Machine building Armaments Textiles and apparel

Products and Industries (con’t):

Products and Industries (con’t) Petroleum; cement Chemicals Fertilizers Consumer products - footwear, toys, and electronics Food processing Transportation equipment - including automobiles, rail cars and locomotives, ships, and aircraft Telecommunications equipment Commercial space launch vehicles Satellites

Labor:

Labor Labor Force - 807.7 million (2008 est.) Labor force by occupation Agriculture: 43% Industry: 25% Services: 32% (2006 est.) Standard of Living: $30,000 per year Unemployment rate - 4% officially in urban areas, but including migrants may be as high as 9%; substantial unemployment and underemployment in rural areas (2008 est.)

Poverty:

Poverty Population below poverty line - 8% Note: 21.5 million rural population live below the official "absolute poverty" line (approximately $90 per year); and an additional 35.5 million rural population above that but below the official "low income" line (approximately $125 per year) (2006 est.)

Economic Challenges:

Economic Challenges The Chinese government faces numerous economic development challenges Sustaining adequate job growth for tens of millions of migrants, new entrants to the work force, and workers laid off from state-owned enterprises Reducing corruption and other economic crimes Containing environmental damage and social strife related to the economy's rapid transformation.

Economic Challenges (con’t):

Economic Challenges (con’t) Deterioration in the environment as long-term problem Air pollution Soil erosion Steady fall of the water table China continues to lose arable land because of erosion and economic development. The government vowed to continue reforming the economy and emphasized the need to increase domestic consumption in order to make China less dependent on foreign exports for GDP growth in the future .

Current Events/ in the news:

Current Events/ in the news

PowerPoint Presentation:

Americans are increasingly disturbed by the growing economic clout of China. With Chinese growth rates consistently above nine percent, they accuse it of stealing U.S. jobs, of keeping the yuan undervalued by pegging it to the dollar, of exporting deflation by selling its products abroad at unfair prices, of violating the rights of its workers to keep labor costs low, and of failing to meet its commitments to the World Trade Organization (WTO). Most of these charges have little merit. But the misunderstandings behind them have opened the way to a trade war between the United States and China. A Trade War With China?

China Clears J&J in Probe of Baby-Product Chemicals :

China Clears J&J in Probe of Baby-Product Chemicals Chinese health authorities said Johnson and Johnson baby products were safe to use, concluding investigations of claims by a U.S. activist group that the products contained cancer-causing chemicals. China's State Food and Drug Administration said on its Web site Saturday that it concluded after inspections that formaldehyde and 1,4-dioxane weren't used as additives in dozens of J&J baby products sold in China. China's state-run Xinhua news agency reported Saturday that the General Administration of Quality Supervision, Inspection and Quarantine also cleared the products.

China’s Economy May Recover First From Global Slump:

China’s Economy May Recover First From Global Slump China’s economy may be the first to recover from the global recession as a 4 trillion yuan ($585 billion) stimulus package takes effect, a senior government researcher said. “China has the ability to become the first in the world to step out of the crisis and keep stable growth for the mid and long term,” Yutai director of the Development Research Center of the State Council, said in a live broadcast from the China Development Forum in Beijing yesterday.

In Downturn, China Sees Path to Growth:

In Downturn, China Sees Path to Growth The global economic downturn, and efforts to reverse it, will probably make China an even stronger economic competitor than it was before the crisis. China’s leaders are turning economic crisis to competitive advantage, said economic analysts. The country is using its nearly $600 billion economic stimulus package to make its companies better able to compete in markets at home and abroad, to retrain migrant workers on an immense scale and to rapidly expand subsidies for research and development.

China Rejects Coke Bid for Juice Maker:

China Rejects Coke Bid for Juice Maker China rejected Coca-Cola’s $2.5 billion bid to buy a major Chinese fruit juice maker Wednesday in a closely watched case that stirred nationalist opposition to the sale of a successful homegrown brand to foreigners. The proposed purchase of the Huiyuan Juice Group was rejected on anti-monopoly grounds, the Commerce Ministry said on its Web site. It would have been the biggest foreign acquisition of a Chinese company to date. Huiyuan has 42 percent of China’s pure juice market and its green cartons of orange, apple, pear and grape juice are in supermarkets throughout the country. Acquiring it would have expanded Coca-Cola’s presence in China. Communist leaders routinely defy public opinion in their decisions but they might have shared the public’s distaste for the sale because it collided with their goal of building major Chinese companies to dominate domestic industries.

Work CITED:

Work CITED Bradsher, K. (2009, March 16). World Business. Retrieved March 21, 2009, from New York Post: http://www.nytimes.com/2009/03/17/business/worldbusiness/17compete.html?_r=1&scp=3&sq=China%20economy&st=cse Chao, L. (2009, March 21). China Clears J&J in Probe of Baby-Product Chemicals . Retrieved March 21, 2009, from The Wall Street Journal: http://online.wsj.com/article/SB123773298423906261.html?mod=googlenews_wsj CIA. (2009, March 19). CIA- The World Factbook-China . Retrieved March 18, 2009, from CIA- The World Factbook: https://www.cia.gov/library/publications/the-world-factbook/print/ch.html Hu Jintao. (n.d.). Retrieved March 21, 2009, from Wikipedia: http://en.wikipedia.org/wiki/Hu_Jintao Hughes, N. C. (2005, August). A Trade War With China? Retrieved March 21, 2009, from Foreign Affairs: http://www.foreignaffairs.com/articles/60825/neil-c-hughes/a-trade-war-with-china Shen, I. (2009, March 21). China’s Economy May Recover First From Global Slump . Retrieved March 21, 2009, from Bloomberg.com: http://www.bloomberg.com/apps/news?pid=20601080&sid=aDAdyqYEqH4o&refer=asia Sorkin, A. R. (2009, March 18). Deal Book. Retrieved March 21, 2009, from New York Post: http://dealbook.blogs.nytimes.com/2009/03/18/china-rejects-coke-bid-for-juice-maker/?scp=2&sq=China%20government&st=cse  

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