china “our friends of the orient”
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China “Our Friends of the Orient”. Background. Current Situation. International Aspects. Special Problems. Ryan Logas, Brian Butler, Pamela Ow, Michael Rice, and Steven Daines. The Future. Background. Samurai's in Space A Brief History of China. Current Situation. International Aspects. - PowerPoint PPT PresentationTRANSCRIPT
China“Our Friends of the
Orient”
Ryan Logas, Brian Butler, Pamela Ow, Michael Rice, and Steven
Daines
Background
The Future
Current Situation
International Aspects
Special Problems
Background
The Future
Current Situation
International Aspects
Special Problems
Samurai's in SpaceA Brief History of
China
PopulationPeoplePolitical
Background
The Future
Current Situation
International Aspects
Special Problems
China’s Economic Transformation
Communist Centrally PlannedTo
Bureaucratic Market Economy
Background
The Future
Current Situation
International Aspects
Special Problems
Goals for Economic Reform
•change the mechanism of resource allocation •market plays a critical role in the allocation of resources
Background
The Future
Current Situation
International Aspects
Special Problems
Deng Xiaoping
•General Secretary of
Communist Party of China
from 1956-1867
•Chairman of the
Central Military Commission
from 1981-1989
Background
The Future
Current Situation
International Aspects
Special Problems
Jiang Zemin
•General Secretary of the
Communist Party of China
from 1989 to 2002
•Chairman of the Central
Military Commission
from 1989 to 2004.
Background
The Future
Current Situation
International Aspects
Special Problems
Hu Jintao
•General Secretary of
Communist Party of China
from 2002-Present
•President of the
People’s Republic of China
from 2003-Present
Background
The Future
Current Situation
International Aspects
Special Problems
Improvements since Deng
•Economic Freedom
•Economic Wealth
•Chinese people have more political power
•Foreign trade and investments
•Legal reforms initiated
Background
The Future
Current Situation
International Aspects
Special Problems
Improvements since Deng
•China renewed its membership with the IMF and the World Bank.
•China gained admission to the WTO, and officially joined on December 11, 2001
Background
The Future
Current Situation
International Aspects
Special Problems
At Present•Reform of state-owned enterprises (SOEs) has been far from satisfactory
•the old system (CCP) maintains its influence
•Gradual improvement
•continues to impede the establishment and perfection of the new market economic system
Background
The Future
Current Situation
International Aspects
Special Problems
Current Problems
•failure to carry out market-oriented reforms
•ensure that growth rates are sustainable over a long period
•Prevent hard-landing
Background
The Future
Current Situation
International Aspects
Special Problems
Hard-Landing Impact
•Asian Economies
•America
•Europe
Background
The Future
Current Situation
International Aspects
Special Problems
CHINA’S BOOM•third-largest producer of manufactured goods in the world
•biggest building boom in history
•status in the international economic and trading system steadily advancing
•international recognition gain
Background
The Future
Current Situation
International Aspects
Special Problems
International Aspects
•Trade Organizations–World Trade Organization–Asian Free Trade Possibility
•Trade with China (United States)
•Investment in China
Background
The Future
Current Situation
International Aspects
Special Problems
World Trade Organization•After 15 years of arduous effort to join, China joined the WTO officially on December 11, 2001•They became the 143 member of the WTO•Mike More President of the WTO said “International economic cooperation has brought about this defining moment in the history of the multilateral trading system.”•China will provide non-discriminatory treatment to all WTO Members. All foreign individuals and enterprises, including those not invested or registered in China, will be accorded treatment no less favourable than that accorded to enterprises in China with respect to the right to trade.
•price controls will not be used for purposes of affording
protection to domestic industries or services providers.
Background
The Future
Current Situation
International Aspects
Special Problems
Asian Free Trade Possibility•A region-wide free-trade area is a realistic goal, an Asian Development Bank (ADB) official said
•Domestic economic issues make up a key impediment to a common Asian market and thus it would be "very difficult for them to fully open up their markets."
Background
The Future
Current Situation
International Aspects
Special Problems
Trade with China : 2006All Figures are reported in millions of dollars
Month Exports Imports Balance
Jan 2006 3,494.1 21404.9 -17,910.9
Feb 2006 4,087.0 17,926.5 -13,839.5
March 2006 4,955.4 20,526.5 -15,570.7
April 2006 4,343.7 21,377.2 -17,033.5
May 2006 4,542.0 22,253.6 -17,711.6
June 2006 4,3470 24,052.4 -19,705.4
July 2006 5,064.6 24,639.6 -19,574.9
Total 30,833.8 152,180.4 -121,346.5
Background
The Future
Current Situation
International Aspects
Special Problems
Background
The Future
Current Situation
International Aspects
Special Problems
Investment in China•China fast-growing economy
•Capital markets have proven disappointing for foreign investors
•Local stock markets are very volatile
•Only few investors are allowed to invest by the government
Background
The Future
Current Situation
International Aspects
Special Problems What are some problems facing china?
Background
The Future
Current Situation
International Aspects
Special Problems
China needs to overcome
•Trade imbalances
•Lack of natural resources
•Poverty
Background
The Future
Current Situation
International Aspects
Special Problems
Trade Imbalance•Imbalance between production and
consumption
•Excess production exported to United
States
•Deficit spending by united states
•Recession would cause china to have
more than they can consume
•Non-serviceable loans
Background
The Future
Current Situation
International Aspects
Special Problems
Lack of Natural Resources
•Unsustainable rate of consumption
•Available water is 1/3 world Average
•All concentrated in Northern China
•Environmental damage
•Pricing policies
Background
The Future
Current Situation
International Aspects
Special Problems
Poverty
•Cut off from market system
•Rural communities
•Ethnic minority
Background
The Future
Current Situation
International Aspects
Special Problems
Important Issues for Future
•Growing Economy
•Trade Imbalance
•Housing Bubble
•Energy
•Environment
Background
The Future
Current Situation
International Aspects
Special Problems
Growing Economy
•Raging Economy–Municipalities are ignoring national officials
Background
The Future
Current Situation
International Aspects
Special Problems
Background
The Future
Current Situation
International Aspects
Special Problems
Trade Imbalance
Background
The Future
Current Situation
International Aspects
Special Problems
Housing Bubble
•Skylines are forming almost overnight
Background
The Future
Current Situation
International Aspects
Special Problems
Energy in China
80% of China’s electricity comes from coal.
A Chinese coal miner
Background
The Future
Current Situation
International Aspects
Special Problems
Three Gorges Dam
Background
The Future
Current Situation
International Aspects
Special Problems
Environment in China
Traffic in Beijing
Background
The Future
Current Situation
International Aspects
Special Problems
Background
The Future
Current Situation
International Aspects
Special Problems What is your future?