Transcript 10 Thing to know about China

10 Things
You need to know about
1. Is China a Superpower?
–
Economy
2. Why does everything
seem to be made in
China?
3. Is China still a
Communist country?
–
Communist with Chinese
Characteristics
4. What is the Great
Firewall?
5. Should the US fear
China’s rise?
6. Is China destroying the
planet?
7. Is China’s population too
big or too small?
–
World Population Video
8. Why do Chinese
students study so hard?
–
Gao Kao: We will discuss
1/24
9. How bad is China’s
human rights record?
10. Can’t China and the U.S.
just get along?
–
Trump & Xi; again
“Sleeping Giant” No More
"Let China sleep, for when she wakes the world
will shake.”
-- Napoleon Bonaparte (1805)
World Output: 1820-1950
1820
1950
2014
China
30%
5%
16.32%
India
16%
4%
6.83%
European Big
Four: France,
Britain, Italy &
Germany
17%
19%
10.17%
USA
2%
27%
16.14%
Rise, Fall and Reemergence of China
World’s Largest Economies
•
World’s
Largest
Economies
China: https://www.cia.gov/library/publications/the-worldfactbook/geos/ch.html
•
GDP (purchasing power parity): $19.39 trillion (2015 est.)
•
•
•
GDP - per capita (PPP): $14,100 (2015 est.)
•
•
#1 (China, EU, USA, India)
http://www.forbes.com/sites/timworstall/2014/12/07/chinas-now-the-world-numberone-economy-and-it-doesnt-matter-a-darn/
#113
GDP (official exchange rate): $10.98 trillion (2015 est.)
•
•
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#1 (USA, EU, China, Japan)
http://money.cnn.com/news/economy/world_economies_gdp/
Note: because China's exchange rate is determined by fiat (formal authorization), rather
than by market forces, the official exchange rate measure of GDP is not an accurate
measure of China's output; GDP at the official exchange rate substantially understates the
actual level of China's output vis-a-vis the rest of the world; in China's situation, GDP at
purchasing power parity provides the best measure for comparing output across countries
• United States: https://www.cia.gov/library/publications/the-worldfactbook/geos/us.html
•
GDP (purchasing power parity): $17.95 trillion (2015 est.)
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GDP - per capita (PPP): $55,800 (2015 est.)
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#3 (China, EU, US)
#19
GDP (official exchange rate): $17.95 trillion (2015 est.)
•
#1 (USA, EU, China, Japan)
Key Components of China’s Development Strategies
1. Special Economic Zones
1. A Special Economic Zone (SEZ) is a geographical region that has
economic and other laws that are more free-market-oriented than a
country's typical or national laws.
2. In China, founded by Deng Xiaoping in the early 80s.
2. Export-led and FDI-driven
1. A foreign direct investment (FDI) is a controlling ownership in a
business enterprise in one country by an entity based in another
country.
3. Manufacturing-centered
4. State as the “visible hand”
5. Heavy investment by the state in infrastructure and agriculture
6. High national and individual saving rate
•
China owns at least $1.15 trillion dollars worth of US treasury
securities, or government bonds. Why? Is this a big deal?
Socialist (Communist) with Chinese
Characteristics
• Socialism with Chinese characteristics is the official ideology of
the CCP based upon socialism. This ideology supports the creation of
a socialist market economy dominated by the public sector since China
is in the primary stage of socialism. The Chinese government
maintains that it has not abandoned Marxism and argues that
socialism is compatible with these economic policies.
• In current Chinese Communist thinking, China is in the primary stage
of socialism—a view which explains the Chinese government's flexible
economic policies to develop into an industrialized nation.
• Socialism and communism are alike in that both are systems of
production for use based on public ownership of the means of
production and centralized planning. Socialism grows directly out of
capitalism; it is the first form of the new society. Communism is a
further development or "higher stage" of socialism.