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China's economy has changed in the last 50 years. It has dramatically changed its
economy by becoming more of a MEDC rather than a LEDC. The economy has
changed so that they now have more development indicators. These include:
Large GDP (Gross Domestic Product)
Chinas Gross Domestic Product was
$4,985 Trillion in 2009. The graph
shows that its GDP has increased in the
last few decades.
The life expectancy is rising. This means
there is better healthcare in China.
The birth rate is decreasing due to the
one child policy. This also means there
are more boys than girls in China.
The amount of trade has increased.
Many items of clothing and toys are made in China as it is cheaper than
They have more schools so the people of China can become better educated.
China has a communist economy. This means that everyone in China owns
everything. They all own China. It also means that there is no people in poverty
and none that are extremely rich. This could make it easier for China to become a
superpower because they can all act as one and they work together to make the
A capitalist means that everyone has to work for things they need (food and
essentials). Properties for example are owned privately rather than by the
government. Democracy means that they choose who should make the decisions.
Riots at Tiananmen Square
In 1989 there were major riots between the government and protesters. The
protesters wanted a democracy economy. This happened in Peking which is now
known as Beijing. There were many protesters that were mainly students. Tanks
moved into the square where they have been staying for seven weeks. Hundreds of
people were killed because of gunshots and wounds. This shows that China doesn't
want to be a democracy.
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China overtakes Japan as world's second largest economy
China has taken over Japan in the battles for the second largest economy. Japan
has held the title for over 40 years. Japan grew 3.9% but this was not enough to
catch up with China.
Japans GDP was $5.4742 Trillion
Chinas GDP was $5.8786 Trillion
China is the world's largest car market and the biggest energy consumer. This
shows that China has the capability to become the biggest Superpower in the world.…read more
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China has developed its technology to become one of the
largest technology exporters in the world. It has many trades with other countries.
China is the third biggest country in the world and is probably the biggest
superpower in the world.…read more