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China’s Economic Conditions
China’s Economic Conditions

Our Price: $25.00
By Wayne M. Morrison (au)
Year: 2009
Pages: 32
Binding Paperback

Product Code: 1437927629

Since the initiation of economic reforms and trade liberalization 30 years ago, China has been one of the world’s fastest-growing economies and has emerged as a major economic and trade power. China’s economy and economic policies are of major concern to many U.S. policymakers. On the one hand, U.S. consumers, exporters, and investors have generally benefitted from China’s rapid economic and trade growth. China’s large holdings of U.S. securities have helped keep U.S. interest rates relatively low. Some contend that China has a large stake in ensuring the continuance of a liberalized global trading system. On the other hand, the surge in U.S. imports of Chinese products has put competitive pressures on various U.S. industries. Many U.S. policymakers have argued that China maintains a number of economic policies that violate its commitments in the World Trade Organization (WTO) and/or are harmful to U.S. economic interests, such as its currency policy. Concerns have also been raised over China’s rising demand for energy and raw materials in terms of the impact that demand may have on world prices, Chinese efforts to purchase energy and raw materials assets around the world, and the growing level of pollution and greenhouse gases that has resulted from China’s growing energy needs. China has been pursuing free trade agreements around the world, especially in Asia. This has raised concerns that China might try to promote a greater Asian trading area that would exclude the U.S., and thus possibly diminish U.S. economic power and influence in the region. Contents of this report: Most Recent Developments; An Overview of China’s Economic Development; Measuring the Size of China’s Economy; Foreign Direct Investment in China; China’s Trade Patterns; China’s Growing Overseas Direct Investment; Major Long-Term Challenges Facing the Chinese Economy; Fallout From the Current Global Financial Crisis. Figures.

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