What has China's economic boom done to the environment?

China's economic boom has been affecting about 20 years and they industrialized a lot of cities. However, there is a big problem in this economic boom. In 2008, Elizabeth C. Economy said that there are environmental problems which damaged to the ecosystem. Furthermore, it costs China about 9% of its GDP and this problem is far more than what Europe and the United States are having. There are three specific environmental problems and those are water, land, and population and development.

First of all, the water is one of the most problems in China. The one-third of China's populations are lacking to access to get clean water because they are having problems in water shortage and water pollution. The 70% of rivers and lakes are already polluted and this effect huge economic par because they have to put more money to make a project called "Dam project". They put high cost on this project, however, by this project the farmland had been lost, and therefore, it does not make it better. The other part lands are also having a big problem. The desertification leads China and they lost about 5800 square miles of grasslands every year. This size is same as Connecticut. This leads dust problems which effects China's air pollution and China is not the only country that gets harm by this. This air pollution from desertification leads problem into North Korea and South Korea and it becomes a huge problem every year. Lastly, the population and development becomes a problem. China has been grown a lot which leads more population and more urbanization. The more people in that country lead more productive and the more cars make more air pollution these days. This becomes huge problem in air pollution either.

Those are the problems in environment in China by economic boom. It is now a huge problem that China has to solve to make better economic. They are also growing rapidly, but ironically they are losing more environments and have to put more money on that part.

Link: http://www.cfr.org/publication/12608/chinas_environmental_crisis.html

Questions: What is the significant product that leads China's economic boom?

Effects of China's Economic Boom

China, since its Economic revolution led by Deng Xiaoping, became one of the strongest, and most influential economic power in this world. This is clearly evident through everyday items from Chinese factories, and the treatment that other nations give to Chinese government. Because China, with its huge population, has little labor costs, and the fact that the China is communist country, makes the job easier for China to literally exploit the workers. This is the reason that "made in China" is cheap, so cheap that people are willing to buy more of Chinese products, and even domestic jobs are being shipped to China for more profit and less cost.

Also, Economic Boom in China made it more vulnerable to natural resources, especially oil. China does not produce its own oil, so it buys the massive amounts of oil from the world market. To meet its huge demand, China has to buy a lot of fuel, and consequently raises the price of oil up for the other countries; yet they even have a huge reserve that can be more than or equal to the reserve in U.S. This high demand makes the oil very scarce.

Positive sides are also present. Cheap products of "same" quality as more expensive domestic products are making customers very happy, since they have to spend less. Also, the business firms are happy because countries like China have low wages, and they can exploit the workers very easily and profitably.

China's economic boom is a two edge sword. It hurts U.S economy significantly, yet U.S cannot live without its close relationship with Chinese economy. So, what does the world do to prevent China's unstoppable growth that will most likey going to be more harm than good to the world?

Sources:
http://articles.sfgate.com/2006-04-09/opinion/17290539_1_china-s-gross-domestic-product-chinese-internet-chinese-communist-party
http://www.time.com/time/magazine/article/0,9171,1934872,00.html

Problem with China economic boom

China is a country that has a huge economic growth, it is said to be one of the biggest producer in the world. China is rich in raw materials and also large number of population, probably a little more or less than India. Because it is so rich of resources such as natural resources, they don't cost much money and everything is cheap as their life expectancy doesn't cost so much. The foreigner then saw their opportunity of making a profit , by investing in China.

Because everything is cheap, including a factors of production and also cheap labor , China attracted many investors around the world to invest in their country, brings up their economic growth and the Chinese also developed their technology by learning from the foreigner, creating a good engineer to help the country developing even more.  

Now what's the problem with China having a good economics? what is that to do with US's economic?
It is because China's currency is so cheap, even cheaper than the US and is remaining low no matter  what global's economic status are, Renminbi is still low. This causes more and more investor to go investing in China rather than their country because of their economic issues. So, more foreign investors in China is equal to less local investor in other countries, causing a local people to lose their job. These problems are causes by the stable currency in China, taking all the investor to their country.

This is why almost every time we look under our household equipments or furnitures, it usually labeled "Made in China", because they have the most businesses invested in their country . China is leading in production because the investor could offer a small wages and in return, a high quality goods , also cheap cost of production which means more profit to the company.

These are just a clarification of the Economic Boom, which is a big problem to the whole globe as other countries (that aren't rich in resources nor cheap labor) thought it was unfair and wanted the Renminbi to go up according to the economic movements, because if this is still going then it will sure to causes more trouble to world's economies.

Further question : How does the economic boom in China effects other countries?

Sources:

http://www.gold-eagle.com/editorials_05/milhouse121407.html
http://yglesias.thinkprogress.org/2010/10/yes-chinas-currency-policy-is-a-problem/

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.

source:http://www.google.com/#hl=en&expIds=17259,18168,26442,28099&sugexp=ldymls&xhr=t&q=china's+economy&cp=6&qe=Y2hpbmEn&qesig=7hWNqC8dDswklJ9I5liKjA&pkc=AFgZ2tlikPqxOXFT3ccXNlv7ojDBDmoNisH2z4LJU0cS9KnVRN-2LfwM-spUugup0i4GjTjVyBwV2LVACCl5ZssXPCMqu0pwCQ&pf=p&sclient=psy&site=&source=hp&aq=0&aqi=&aql=&oq=china'&gs_rfai=&pbx=1&fp=ca05a7bb65e82229

Does a More Socialistic Society Prevent the Tradgedies of the Industrial Revolution?

Perhaps not... There is a group of people known as the transient population of china now number about 220 million people. They are made up of migrant workers, most of which are between the ages of fourteen to nineteen and came to the city from a rural area looking for work. Roughly 80% of all consumer goods in the world are produced by China's migrant workers. These teenagers are payed less than $2.00 a day, clearly not enough to survive. As a result, many hold multiple jobs and often are pressured into breaking the law in order to obtain the money needed to just live. The society they live in turns these young adults into modern slaves, desperate for help.
To help you understand just how many people actually make up this transient population consider that the USA has a population of 310 million. The China's migrant workers are equivalent t0 70% of that. Is that bothersome now? But wait, there's more! It makes up a full 3% of the world's population. Tomorrow, is International Migrant Day, formed by the United Nations. I will be participating by turning my China-made shirt inside out as instructed on the shirt and by Faces Behind the Label to represent IMD. Can you imagine working in a factory for only $2.00 a day under bitter conditions?
Source: http://www.facesbehindthelabels.com

(f)unemployment

In lieu of our class's recent undertakings/studies in the department of unemployment/labor, I present to you a post on the relations between the structure of the Chinese workforce versus that of the American workforce. As videos, lectures, and a book has taught, having a low unemployment level after such a sharp spike/dip in our current recession is a benefit. In the long term, a slow rise equivocates a slow fall. In China, the rise and fall of the cycle is accelerated by the larger population - and at the same time, inhibited by its presence.

The days of adhering to every aspect of their Communist party's demands have shifted, as many foreign trade corporations have found loopholes to expand their business and deal in more products/distribute to more outlets than ever before. The heightened competition in this area of imports has increased the demand for the amount of workers - and recent strikes have pushed Beijing's factory managers to increase the wages of their workers by 30%. All this, plus the fact that the world's most populous country will face a shortage in labor in the upcoming years.

The balance, however, has been found (really, speculated) by China through the elimination of price controls and the establishment of wholesale markets. Their hope, as well as that of Dr. Mary Gallagher of the University of Michigan, is that the various levels of the workforce in China can find a balance and adjust their expectations of the current economic outlook. The fact that a migrant worker and a graduate student earn the same starting wage is a bit unsettling, but in time I believe that they'll find a way to fix these issues.

How will these problems be resolved? (to be continued ...)

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Re-do China Economic Boom

In 1978, China had a great reform from the government. They are trying to make big change in their nation. It makes encourage to enterprises, private businesses, foreign trade, and investment to other countries. These all programs had been successful and worked well. Before 1978, the China's economic were only growing by 6 percents in a year, but after the program they grew up 9 percents in a year in 1978. This growth is huge if you compare to other countries as Hong Kong and Korea that they are only growing 7 percents in a year in 15years. After few years they grew 13 percents and grew fast in these days. The few analysts are said that they might become lagers economic country than the United States in 20 years.

The people are curious that why are they have been doing well. IMF (International Monetary Fund) researched and had a great result. China made lots of new factories and communications systems and these expedited China's economic and become very significant part in China's economics. The cheap Chinese workers also become important part in driving force for economic boom. In 1979~1994, the China's economic increased over 42 percents of growth and in 1990 they increased more. This huge jump is from economic reforms in 1978 and it became huge parts in the China's economic boom.

Link: http://www.imf.org/external/pubs/ft/issues8/index.htm

Another question:

What does the United States have to do to compete with China?