International Business Environment: China

Executive Summary

China will face unprecedented challenges over the next decade. Challenges encountered in China over the next decade, we cannot say unrepeatable, but it must be unprecedented. Challenges encountered in the next decade will be more than 30 years of reform and opening encounter, because today China's development has come to a process from quantitative to qualitative. Children from 1 year old to 20 years old, 20 years grow particularly fast, because it is from scratch. Achievements, from 0-10 are easy, but the back will be more difficult. China now has gone the way of rapid development for 35 years, but behind every one of the challenges encountered in 10 years will be a lot. In the past 10 years, we've found a lot of problems.

Introduction4

China's Economic Reforms4

Discussion6

China's Impressive Economic Performance6

Steady Integration with the Global Economy7

Domestic Market Integration7

Interregional Competition8

Balancing Growth with Macroeconomic and Social Stability8

Pragmatic and Effective Market-Oriented Reforms9

Future Development in China9

Health & Nutrition10

Energy10

Infrastructure & Transportation12

Consumer Goods12

Forecast for China's Future Development and Hope13

Substantive constitutional dispute16

Profound understanding of the interest groups17

GDP Growth22

Conclusion22

References24

Introduction

Globalization trend in the century after the 2008 financial crisis there is a big reversal; China's economic development must be oriented to domestic demand-oriented needs as quickly as possible from the outside, which requires a huge change in the institutions and policy. Recently, some overseas media abuzz, central to further promote domestic economic reform program, has set up seven high-level working group responsible for drafting the seven major areas of reform programs, covering the financial sector, financial systems, land use rights, factor prices, simplify the administrative examination and approval procedures in the field, social injustice and income household registration system.

It is necessary to upgrade the version of this reform on China's development and the rise of some of the large space and time to make an observation and assessment of the situation. China's reform and opening up began in the end of 1978, the Third Plenum of the CPC. Thirty years prior to 1978, China's economic and social development of the continent had three errors; 100% of the planned economy on the economy; 100% of the ownership of public institutions; and the trade 100% “closed-door policy”. These three “100%”, bound almost all Chinese productivity. This road never goes elsewhere. Therefore, the decision of Deng Xiaoping's reform was the opening to the Third Plenary Session of 1978, and a turning point in the fortunes of China. This modern revival of the starting point of China's rise can also be seen as China's economic reform 1.0.

China's Economic Reforms

The transformation of china began with the arguments of Deng Xiaoping, who stated the socialism can not be defined as poverty. According to him, the new face of socialism was prosperity. He argued that: “to get rich is glorious.” Previously socialism meant the planning of the government, however, for the new China, it meant common prosperity.

China started its reforms in 1979, starting with a regulation by the market and regulations by plans. This was followed on by the social market ...