Undecided Assignment Example | Topics and Well Written Essays - 1000 words

Undecided - denomination Exampleese economy has grown at the phenomenal rate in last deuce decades however, GDP growth rates between the year 2010 and 2014 has been falling consistently after touching underweight to 12%In spite of the over 7.5% GDP growth rates between 2010 and 2014, unemployment rates in China remained between 4 and 4.3% in last four years. Reduced exports create huge impaction on unemployment rates that in turn, affect GDP of the country. Not only that but also it results into land private sector investment in the country (Marcelis, 2008). In 2009, Chinas exports continued to pedigree month after month. While in March, 2009, exports were down by 17.1%, it declined further in the month of April by22.6%. The pursuit chart shows how exports were affected between 2008 and 2009.Consequent to this, private investment declined considerably however, intervention from the Chinese establishment in the form of stimulus package provided some respite to the economy. Fan Jiaping, the economist from the State breeding Center, remarked then, Export demand doesnt show any signs of turning for the better (Batson, 2009).The following chart suggests that in the fount of 2010, the inflation rate was negative in China that subsequently ruddiness to the level of around 4% in 2012 however, since then after touching nearly 1% in the middle of 2013 it has again rose to the level of above 4%. This surely does not augur well for the economy, currently.As per Jeffrey Towson and Jonathan Woetzel, six mega trends argon changing economy and business of China and they are Huge manufacturing sector, burgeoning foreign exchange reserves, over four hundred million strong Chinese consumers, huge spending on education, urbanization in a galactic scale, and information technology. The Chinese economy produces 90% of the worlds personal computers, 80 percent of the worlds air-conditioners, 90 percent of the worlds roving phones, and 70 percent of the worlds solar panels . Manufacturing contributes to the 40% of the