China Economy Coursework Example | Topics and Well Written Essays - 1000 words

china Economy - Coursework ExampleThe share of China of total accumulated FDI stock in Asia almost tripled within 20 years i.e. from 6% in 1990 15% in 2010.Currency strengthening against the US dollar- the Chinese RMB has continuously appreciated against US dollar from8.27 in 2005 to 6.41 in 2011. The country still continues to run trade surplus as well as accumulating foreign reserves. Its pressure to appreciate the currency still remains secure (Tong & Wong, 2012).The reason as to why there was no industrial revolution in China is that the brokers as well as tax collectors created a securities industry only for luxurious consumer goods instead of investing in new technologies. They could use their surplus capital to extend credit at high interest judge or to run pawnshops, but they failed to invest in new technologies that would spur industrial revolution (133). When Europe built modern infrastructure within Chinese treaty ports, it did not spark industrial revolution since in dustries were few (Tong & Wong, 2012).Cultural Revolution was a major drawback since it did cost China economic problems. Though it resulted to presbyopic term economic damage to government administration and factory management as well as the countrys education system (Tong & Wong, 2012).4. China adopted an open-ended approach towards its economic reform process because it did not have any books to help them learn the way of un-planning, hence they needed something with no blueprint or detailed plans.China chose to begin with Agriculture reform step taken by china to start economic reform, which they did through instituting kinsperson responsibility system. The reason they chose agriculture was that despite the trial and error reform strategy having work well during the first phases, critical microeconomic measures of reforms failed to lend themselves efficaciously to the gradualist method through experimentation. Some of these reform measures included taxation,