Saturday, June 15, 2019
Introduction to Chinese Culture Research Paper Example | Topics and Well Written Essays - 1500 words
Introduction to Chinese Culture - Research Paper ExampleGuthrie attributes Chinas economic development to three key policies that have been massive in ensuring China engages in the global economy through both internal and external operations as explained in the exposition of the policies in the exploit sections of the paper.According to Guthrie, the export-oriented coastal development schema enabled China became the third largest trading economy in 2004 with trade totals of $ 1.16 trillion (Guthrie, 2009). The policy also has been monumental in allowing for increased foreign direct investment (FDI) and liberalization of the internal markets allowing for regain to new technology and on a lower floorstanding of management practices from developed countries. The creation of an export strategy was done by making the construction of new national and international institutionsThe Chinese government created special economic zones including Pudong, Zhongguancun, and Shenzhen allowing bo th international and domestic firms to access tax incentives among other benefits for specific types of investment in China. The special economic zones were established in 1980 in Fujian, and Guangdong provinces allowing for augmented FDI and expand foreign trade under the leadership of Zhao Ziyang (Guthrie, 2009). The coastal development strategy allowed for autonomy in the export trade by the coastal regions areas including Fujian, Guangdong, Guanxi, Hainan, Hebei, Jiangsu, Liaoning, Shandong, Beijing, and Shanghai. The policy also allowed China to solve unemployment of homespun surplus labor and provided income for industrial enterprises.The success of the coastal development strategy is evidenced by the growth of Chinas export economy by 27% between 1988 and 2005 with 26% growth in imported goods.