Friday, December 17, 2010

China's Economic Direction

China’s rapid growth in the past three decades, inequality between rural and urban areas. Urban incomes have grown two times faster than rural incomes. The gap of standard living between rural and urban areas are getting closer. People's lives in China have gone better and better. Many rural people have started to move into cities. The government needs to control the population of cities in order to balance the agricultural and businesses.
Contributing to China's growth is the outpouring of investments into China from foreign businesses and entities. These investments have contributed to China's strength as a global leader. And many critics have said that China's currency increase will decrease trade but it has not done. China will continue to thrive in the global market and perhaps take over the US as the world's largest economy in the next 25 years, but China needs to control social unrest and economic disparity in order to truly be a global superpower.

1 comment:

  1. No introductory question.
    Not enough info, or analysis.
    No follow-up question.
    7/10

    ReplyDelete