China Case Study

• What was the period from 1948 to 1976 in China known as?

  The Mao Zedong Period

  
• What was the primary characteristic of China's population during the Mao Zedong Period?

  It experienced a boom in numbers
• What foundation was emphasized during the Mao Zedong Period?

  Foundation for later economic reforms

  
• What type of economy did China shift towards during the Mao Zedong Period?

  Secondary manufacturing based economy
• What was the time frame for the Intermediate Period in China?

  1976 to 1990

  
• What concept began to take off in the late 1970s in China?

  True globalisation
• How did China's strategic location benefit its economy during the Intermediate Period?

  It provided access to trade routes
• Why were TNCs attracted to set up manufacturing plants in China?

  Due to a sizeable, cost-effective workforce
• What was a significant outcome of factories being set up in China?

  Beginnings of China's megacities were constructed
• What time period does "Into A New Century & Controversy" refer to?

  1990 to 2008
• How did China's GDP per capita change by the end of 1999?

  It grew 4x since its inception
• What was a consequence of increased scrutiny of China's business practices?

  Allegations of industrial espionage emerged
• What did the Chinese government encourage foreign companies to do?

  Form partnerships with Chinese firms
• What was the impact of forming partnerships with foreign companies?

  Led to allegations of industrial espionage
• What major event did China host in 2008?

  The Beijing Olympics
• What has the Chinese government invested heavily in since the late 2000s?

  New infrastructure projects
• Name one of the new Chinese companies that became global leaders.

  Alibaba
• What effect did the growth of the urban middle class have on China's economy?

  It created a positive multiplier effect
• What was China's annual GDP growth rate around in recent years?

  Around 10%
• What is the goal of the Belt and Road Scheme?

  To construct a transport network across 70 nations
• What criticism is associated with the Belt and Road Scheme?

  It may increase China's authoritarian influence
• What challenges does China face for future growth?

  Population stagnation and manufacturing shifts
• How has China's economic growth rate changed recently?

  It decreased from over 10% to 6.5%
• How is China's global image perceived by other economies?

  As a hostile state by many economies
• Who imposed tariffs on China to curb its influence?

  President Donald Trump
• What are the key periods of China's economic development since 1949?

  • Mao Zedong Period (1948-1976)
  • Intermediate Period (1976-1990)
  • Into A New Century & Controversy (1990-2008)
  • Today's China (2008+)

  
• What are the strengths and weaknesses of China's economic policies?

  Strengths:

  • Rapid GDP growth
  • Attraction of foreign investment
  • Development of megacities

  
  

  Weaknesses:

  • Population stagnation
  • Global perception as hostile
  • Shifting manufacturing to lower-income countries
• What are the implications of the Belt and Road Scheme for global trade?

  • Construction of transport networks
  • Increased Chinese influence in participating countries
  • Potential debt dependency for lower-income nations
• How has China's GDP per capita changed since 1949?

  • Increased more than tenfold
  • Driven by unique government policies
  • Influenced by globalisation and de-industrialisation
• What trade blocs is China apart of?

  • Shanghai co-operation organisation (SCO)
  • Regional Comprehensive Economic Partnership (RCEP)
  • Asia-Pacific Economic Co-operation (APEC)
  • ASEAN - China Free Trade Area
  • BRICS - Brazil, Russia, India, China, South Africa
  • Belt and Road Initiative - 140+ countries
  • WTO - Joined in 2001
• How many countries are in the APEC trade bloc?


  21 countries that are located around the Pacific rim.
• How many countries are in the RCEP trade bloc?


  15 Asia-Pacific nations.
• What is the annual benefit of the RCEP to China?

  $85 billion
• What countries are involved in the SCO trade bloc?


  China, Russia, India, Belarus, Iran, Pakistan, Kazakhstan, Kyrgyzstan, Tajikistan, and Uzbekistan.
• How many countries does China trade with?


  168 countries
• What is the annual GDP growth of China?


  9-10%
• What amount of global exports are Chinese?


  16-18%
• What is the predicted peak of China's GDP, in 2050?


  $58 trillion USD
• How many of China's 100 largest public companies are state-owned, with examples?


  99/100, examples could be Huawei or Oppo
• How much has China invested in LICs and NEEs, in order to gain soft power, what are some examples of these countries?


  $679 billion USD

  Kenya, Ethiopia, Angola

  Vietnam, Cambodia and Indonesia