China Case Study

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  • Created by: Megan
  • Created on: 27-05-15 09:00
Chinas economy compared to UK?
Was smaller, now 6x larger
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Jobs created a year? Shortages?
18 million created, 25 million short
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How many migrant workers?
250 million
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Over 60's by 2050?
Increase by 230 million
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Average GDP growth?
8% for last 25 years
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How many on less than US$1 a day?
150 million
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What happened in the change of government in 1978?
Moved from centrally planned government to more market orientated one
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How did they encourage trade?
Reduced tariffs
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Did trade increase?
Yes, exports rose 19% a year
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What else did they encourage?
Growth of private business
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SEZ?
Along coast, encouraged FDI
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14 Coastal Cities?
Including Shanghai - open areas for FDI with tax advantages etc
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Other advantages?
Cheap labour, stable political system, skilled workforce
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How much larger is the economy since 1978?
9 times
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Joined WTO in 2001, what happened?
Better access to global markets. Trade went from $266 billion to over $900 billion
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Decrease in Chinese Domestic Demand?
2% decrease for 2 years would reduce world GDP by 0.6% a year
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How did they invest in Zambia?
Built a football stadium and hospital
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How many deaths does pollution cause a year?
500 000
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What growth rate (GDP) do they have to maintain?
7% to keep people employed
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How much will greenhouse gas emissions rise?
60%
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How many of the worlds most polluted cities are in China?
7
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Other cards in this set

Card 2

Front

Jobs created a year? Shortages?

Back

18 million created, 25 million short

Card 3

Front

How many migrant workers?

Back

Preview of the front of card 3

Card 4

Front

Over 60's by 2050?

Back

Preview of the front of card 4

Card 5

Front

Average GDP growth?

Back

Preview of the front of card 5
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