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Slowdown in China is really a Bad Thing - But Is That A Bad Thing For The United States?
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China, officially the People's Republic of China, is a key player in the global economy for decades. It is today the world's largest & most populous country, having a land mass greater than 9.6 Million square kilometers. With a population of almost 100 and forty million, China takes its far-reaching territory when it comes to its influence on the political and socio-economic development of mankind. This country boasts of an exceptionally well-developed infrastructure and great prospect of development both in terms of economic and social spheres. The rapid rate of which China is developing will, no doubt, continue to raise its economic influence worldwide.
To this end, China is aiming to become a major economic power not merely in the fields of consumer markets but additionally in the fields of manufacturing and infrastructure development. In addition, it aims to be a major exporter of technology, with the purpose of achieving an open access to the technologies used in the United States, Europe and Japan. China is striving hard to be a credible player both in the global economy and within that global economy. To achieve these goals, China has embarked on massive economic reforms and contains put a greater focus on developing a favorable view of the united states in the eyes of foreign investors.
One major aspect that has been instrumental in China's efforts to market a good view of itself is the creation of a well-developed and efficient mass media, namely the Global Times and the CCTV China. The Global Times, a prominent Chinese business daily, has been instrumental in bringing greater focus on China's booming economy both internally and externally. 파워볼타임즈 In particular, the newspaper has been instrumental in highlighting a few of China's problems and shortcomings, particularly in the areas of environmental degradation and insufficient transparency in the country's economic activities.
A written report released by the prestigious International Journal of Business Studies found that the growing Chinese economy is facing several challenges, especially with regards to the efficiency of its internal operations. Specifically, the analysis found that the lack of quality systems in the agricultural sector, combined with the extensive use of informal channels of payment resulted in inefficient transfer of value. In line with the same study, this practice was seen as being truly a key impediment in China's effort to reform its economy and be a globally competitive player. However, the usage of informal pricing mechanisms was found to possess minimal impact on agricultural productivity and was only a hindrance when it came to improving cash flow. The usage of quantitative measures including the MSCO model was also found to be of limited use in China, as the practice didn't take into account the differences in prices across products in the domestic market, resulting in inaccurate price allocation.
A survey conducted by CMM Research found that 60% of respondents feel that China's growth is going beyond their expectations. Similarly, a survey conducted by Frost & Sullivan showed that a clear majority of them believe that China's growth is on the positive side and that we now have no major problems in this direction. These are the sentiments that run counter to the prevalent view that China's economy is facing fundamental difficulties, as suggested by way of a number of reports. Actually, a lot of people who hold this negative view of China think that the country has made some mistakes during the past, and that its future prospects are gloomy.
The ICM Research Institute for the planet Economy Survey found that a solid most Asian-Pacific countries surveyed believes that China's growth is on the rise. Similarly, a recently available survey by consultancy firm McKinsey found that most the respondents in east Asia feel that China is already a significant force in the region, and that the country's slowdown is just a bad thing, caused by a few major issues. Most of these issues were related to policy mistakes by the Chinese government, such as for example excessive state intervention in the economy, excessive protection of industries, and an inability to handle the structural imbalance throughout the market. Interestingly, almost all the participants in the east Asia-pacific believe that China's slow growth is something that can be worked upon, pointing out that although China is facing great difficulties right now, it will still reach the same level because so many developed countries over the next few years.
To this end, China is aiming to become a major economic power not merely in the fields of consumer markets but additionally in the fields of manufacturing and infrastructure development. In addition, it aims to be a major exporter of technology, with the purpose of achieving an open access to the technologies used in the United States, Europe and Japan. China is striving hard to be a credible player both in the global economy and within that global economy. To achieve these goals, China has embarked on massive economic reforms and contains put a greater focus on developing a favorable view of the united states in the eyes of foreign investors.
One major aspect that has been instrumental in China's efforts to market a good view of itself is the creation of a well-developed and efficient mass media, namely the Global Times and the CCTV China. The Global Times, a prominent Chinese business daily, has been instrumental in bringing greater focus on China's booming economy both internally and externally. 파워볼타임즈 In particular, the newspaper has been instrumental in highlighting a few of China's problems and shortcomings, particularly in the areas of environmental degradation and insufficient transparency in the country's economic activities.
A written report released by the prestigious International Journal of Business Studies found that the growing Chinese economy is facing several challenges, especially with regards to the efficiency of its internal operations. Specifically, the analysis found that the lack of quality systems in the agricultural sector, combined with the extensive use of informal channels of payment resulted in inefficient transfer of value. In line with the same study, this practice was seen as being truly a key impediment in China's effort to reform its economy and be a globally competitive player. However, the usage of informal pricing mechanisms was found to possess minimal impact on agricultural productivity and was only a hindrance when it came to improving cash flow. The usage of quantitative measures including the MSCO model was also found to be of limited use in China, as the practice didn't take into account the differences in prices across products in the domestic market, resulting in inaccurate price allocation.
A survey conducted by CMM Research found that 60% of respondents feel that China's growth is going beyond their expectations. Similarly, a survey conducted by Frost & Sullivan showed that a clear majority of them believe that China's growth is on the positive side and that we now have no major problems in this direction. These are the sentiments that run counter to the prevalent view that China's economy is facing fundamental difficulties, as suggested by way of a number of reports. Actually, a lot of people who hold this negative view of China think that the country has made some mistakes during the past, and that its future prospects are gloomy.
The ICM Research Institute for the planet Economy Survey found that a solid most Asian-Pacific countries surveyed believes that China's growth is on the rise. Similarly, a recently available survey by consultancy firm McKinsey found that most the respondents in east Asia feel that China is already a significant force in the region, and that the country's slowdown is just a bad thing, caused by a few major issues. Most of these issues were related to policy mistakes by the Chinese government, such as for example excessive state intervention in the economy, excessive protection of industries, and an inability to handle the structural imbalance throughout the market. Interestingly, almost all the participants in the east Asia-pacific believe that China's slow growth is something that can be worked upon, pointing out that although China is facing great difficulties right now, it will still reach the same level because so many developed countries over the next few years.
