China's Modern Economy 中国现代经济 meets TuTh 11:45-1:15 Huntley 230
The One Child policy in China was established in 1979 by the Communist Party as a means of controlling China’s ever growing population in order to provide relief to social, economic, and environmental issues that arose due to the magnitude of their population. The goal of this family planning practice was to stop the population… Continue reading Why Is China Relaxing its One Child Policy?
Costs are on everyone’s mind in China. United States Executives in China are seeing now more than ever that there is need for concern over rising costs in China, particularly the cost of labor, which has seen a huge increase over the past few years. While China was once thought to be the land… Continue reading American Executives say China is Getting Expensive and Profitable
Starbucks is being called out by the Chinese State Media for disproportionately increasing prices on their goods sold in China in comparison to other countries. The criticism comes from the official Chinese media, which is targeting Starbucks and other well-known foreign companies for exorbitantly increasing prices in order to produce an excessive profit margin,… Continue reading Starbucks Under Fire in China for Higher Prices
In terms of innovation, the Chinese model is led by the state, which selects several areas of importance and gives them copious funding in order to lead innovation and produce more research in that specific sector. While this has been successful in targeting and improving many sub-fields, many economists do not feel that this approach… Continue reading China’s Take on Innovation
Today for the first time ever, the wage gap between the United States and China is shrinking and fewer manufacturing jobs are being offshored to China. The wages in the United States are only about 20% more than those in China. This shows that the gap in the pay level between the two countries is… Continue reading Manufacturing Jobs Returning to the United States from China
This past year in China, more than 7 million people graduated college and entered into “the hardest job hunting season ever” according to the Chinese state media. The high demand for jobs is in part due to the 1990 movement to expand access to higher education.
The number of foreigners currently residing in China either as permanent residents or as green card holders has been on the rise in the past few years. In 2011, the Chinese government issued 564 immigrants permanent visas and 656 permanent visas in 2012.