China's Modern Economy 中国现代经济 meets TuTh 11:45-1:15 Huntley 230
China’s plans to open a new petroleum factory in Maoming could be halted after protests broke out on sunday. The plant would produce paraxylene, a chemical used in the manufacturing of some plastics, and be run by the government oil company Sinopec as well as the local government. However, many residents in Maoming are demanding… Continue reading Petroleum Protests
Today, the Chinese government has made a dramatic statement to world by detaining Zhou Yongkang, a prominent figure in the Communist party, on corruption charges. Zhou controlled domestic security and was considered at the beginning 2012 to be the most powerful man in China by the Financial Times. However, his future does not look so bright now.… Continue reading China Cracks Down
In my post yesterday, I wrote on the impending economic stimulus in China. I suggested that time would only tell the success and manner of the stimulus. It turns out, that time is today. Earlier today, China announced its three-part solution to its slowing growth rate. First, China is cutting taxes on small firms. The… Continue reading Factory Slow Down: Update
As we have discussed at length in this class, the manufacturing sector has long played a critical roll in China. Given manufacturing’s importance, the sector’s weak performance in the start of 2014 has heightened some economists concerns over the growth of China. The purchasing managing index climbed slightly from 50.2 in February to 50.3 suggesting… Continue reading Factory Slow Down
As with all economies on a rapid upward trajectory, there is a emergence of a uber-wealthy elite in China. These newly wealthy Chinese have contributed greatly to China’s emergence as a key economic player on the international stage through their entrepreneurial enterprises. However, they recently have received press for less admirable finical behavior. The internet… Continue reading The Comedy of China’s New Elite
China’s longtime allegiance with North Korea has long been a cause for concern for many in the international community. Despite the negative international opinion of China for this allegiance, they recently reaffirmed their support for the North Korea dictatorship. A recent UN report condemned the numerous human right violations occurring within North Korea’s borders. China… Continue reading Strange Bed Fellows
China, like many nations with super-power aspirations, feels the need for regional domination. As the Malaysian Airplane incident has exposed, China has less control over the Far East would like. The way China has attempted to control the often chaotic region is through over-whelming military dominance. However, China is quickly learning that they might not… Continue reading China’s Unaffordable Military
The thing that comes to most westerners minds when thinking of Chinese cities is smog. This first came to national attention during the Beijing Olympics, however it has not improved from there. In fact, the Chinese government has finally admitted that the pollution has reached unacceptable levels and pledged to take action. Among potential action… Continue reading Smoggy China
In light of the current olympics in Russia, I thought this would be a good time to examine how the 2008 olympics effected the Chinese economy. The traditional argument for a developing nation hosting the olympics is that the influx of tourism and international attention will provide a launching point for the economy. In other… Continue reading The Beijing Olympics Economic Ramifications
While China has traditionally been an isolated nation, in the past half century that has changed drastically. Originally, this opened many markets for Chinese goods and fostered rapid growth of the Chinese economy. However, this has also increase the level of outside influence in China. This new outside influence has ramped up an economic down… Continue reading Outside Influence on China’s Economy