My opinion about Chinese economy

chinese economy is the rsult of the hard work of the chinese ... i m an indian but recently in m in china ... my 3 yrs experience stay in china says that china's economy is never gonna fall its gonna keep rising as the time passes by....

I think that the Chinese government is trying to encourage the development of more energy efficent housing construction. In that respect, you might be interested in this US company which manufactures SIP (Structural Insulated Panel) buildings. There is a lot of information on the website, so please take the time to look through it all. This is the link. http://www.siphomesbychc.com/jfarrimond

i'll just talk about one thing that is research and development... which is really needed in all the sectors and helps economy of any country...

From my point of view, China is discovering capitalism and its accompanying growth pains. How else would China help its people increase their standard of living? Tax the rich and pass it down to the poor? America has tried that and it doesn't work. We still have many poor people in this country. China will one day surpass the US in economic size. You talk about R&D and that is important. With growth comes responsibility. I think some companies in the US forget that fact. So for your country, R&D is the answer. For the many problems you are and will be having, while you expand, you will need to create new technologies to solve them. Maybe find ways to clean up pollution, a new source of energy, or more efficient ways to use it. The US has lead the way with new technology and inventions for the last 150 years. Your country is now moving into position to become the best crator of new technology. And how else will people become more self-suffecient than using capitalist methods? Create wealth and you bring help to all levels of society. It will be interesting to see how China works out its problems. And right behind you is India. We do hear about all the good things happening in China. Seldom, do we hear of the not so good things. With growth comes challenges and sometimes conditions are created that are not good for all. Would you rather go back to the days of outright communism?

China's economy during the last quarter century has changed from a centrally planned system that was largely closed to international trade to a more market-oriented economy that has a rapidly growing private sector and is a major player in the global economy. Reforms started in the late 1970s with the phasing out of collectivized agriculture, and expanded to include the gradual liberalization of prices, fiscal decentralization, increased autonomy for state enterprises, the foundation of a diversified banking system, the development of stock markets, the rapid growth of the non-state sector, and the opening to foreign trade and investment. China has generally implemented reforms in a gradualist or piecemeal fashion. The process continues with key moves in 2005 including the sale of equity in China's largest state banks to foreign investors and refinements in foreign exchange and bond markets. The restructuring of the economy and resulting efficiency gains have contributed to a more than tenfold increase in GDP since 1978. Measured on a purchasing power parity (PPP) basis, China in 2005 stood as the second-largest economy in the world after the US, although in per capita terms the country is still lower middle-income and 150 million Chinese fall below international poverty lines. Economic development has generally been more rapid in coastal provinces than in the interior, and there are large disparities in per capita income between regions. The government has struggled to: (a) sustain adequate job growth for tens of millions of workers laid off from state-owned enterprises, migrants, and new entrants to the work force; (b) reduce corruption and other economic crimes; and (c) contain environmental damage and social strife related to the economy's rapid transformation. From 100 to 150 million surplus rural workers are adrift between the villages and the cities, many subsisting through part-time, low-paying jobs. One demographic consequence of the "one child" policy is that China is now one of the most rapidly aging countries in the world. Another long-term threat to growth is the deterioration in the environment - notably air pollution, soil erosion, and the steady fall of the water table, especially in the north. China continues to lose arable land because of erosion and economic development. China has benefited from a huge expansion in computer Internet use, with more than 100 million users at the end of 2005. Foreign investment remains a strong element in China's remarkable expansion in world trade and has been an important factor in the growth of urban jobs. In July 2005, China revalued its currency by 2.1% against the US dollar and moved to an exchange rate system that references a basket of currencies. Reports of shortages of electric power in the summer of 2005 in southern China receded by September-October and did not have a substantial impact on China's economy. More power generating capacity is scheduled to come on line in 2006 as large scale investments are completed. Thirteen years in construction at a cost of $24 billion, the immense Three Gorges Dam across the Yangtze River will be essentially completed in 2006 and will revolutionize electrification and flood control in the area. The Central Committee of the Chinese Communist Party in October 2005 approved the draft 11th Five-Year Plan and the National People's Congress is expected to give final approval in March 2006. The plan calls for a 20% reduction in energy consumption per unit of GDP by 2010 and an estimated 45% increase in GDP by 2010. The plan states that conserving resources and protecting the environment are basic goals, but it lacks details on the policies and reforms necessary to achieve these goals.

well chinese economy n chinese food... no words to describe the taste. Hardwork indeed. manpower n technology both at the same time got these people going. the only thing holding them back is the language. English is essential for u the chinese.lol on the other side dont knw why china seems to be this place where evrything is very monitered .. organised.. strictly managed part of the world! are chinese as free as people in other democracies?

Yet another copied and pasted post. Here's the link: http://210.51.186.138/cdbbs/viewthread.php?tid=547494&extra=page%3D1 This guy hasn't posted one original thread since he's been on the site - everything has been copied and pasted from other websites. Andygogo, do us a favor and gogo.

I think they bare doing an impressive job, improving so quickly. Obviously as you say all things have another face and the growing of chinese economy has his own dark face. You talk about the problems of energy and the problems of pollution. I think that another problem will be soon the workers. They are not organized at the moment, they are not well paid at the moment, they work more than all other workers in the world at the moment, they have small worker rights at the moment. That's ok at the moment but soon or later it will change and also chinese economy will change.

though economical development is good for everyone, and everything has a bad effect though economic development is good care should be taken to prevent pollution of the environment and destruction of the natural resources.

yes, chinese are domain retailers in our country right now, they're affecting our economy seriously that sometimes our own made brand products were not being sold due to chinese products lower price. It's a problem for all of us. what if our own products won't sold? the companies will close, no more jobs will be available. I'm worried about that..

I feel very confident about the Chinese economy. It has got a booming, young population. These people are becoming more educated all the time. This can only be a good time. I know of a number of people who were advised to study Chinese in college because they were told that this would be an asset to them as this will become a powerful and growing economy. China is attracting a lot of inward investemnt and this is a good indicator. People are being advised to invest in this economy so therefore the prognosis must be good.

They have a good economy, that's my opinion. As a nation they are pretty strange no offense for this. They have a lot of work force and by this they can make ther economy grow very fast in a lot of domains. On the market there are a lot of product's made in China that copy other good things and by producing a lot of things at low pricez they take over the market slowly. Do you agree woth me?