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Essay / Research Paper Abstract
This 14 page paper examines the performance of the Chinese economy between 1999 – 2005, looking at general patterns, the policies adopted and explaining why some policies, such as fixed exchange rates and government set interest rates, have been used. The paper then looks at the more generalised economic policies that have been adopted as part of the Chinese desire to take part in global trade. The bibliography cites 7 sources.
Page Count:
14 pages (~225 words per page)
File: TS14_TEchecon.rtf
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Unformatted sample text from the term paper:
we look at the performance of the economy and the policies that underlie this development the success and careful management can be appreciated.
If we use the GDP as a measure, purchasing parity was $4.8 trillion in 1999 and increased to $6.449 in 2003 (CIA, 2005).GDP Per Capita was $3,800 in 1999
has increased to $5,000 per capita in 2003 (CIA, 2005). The GDP per capita indicates there is a wide potential for growth, but the overall level is high. GDP Growth
Rate has average at between 7% - 10% per annum and shows no sign of slowing down (CIA, 2002). The GDP has increased by 400% since 1978, at 2001 it
was $5.56 trillion, and officially growing at 7.3% per annum, however, observers believe the growth rate is closer to 5% per annum due to the inaccuracies in the way the
figures were calculated. In 2002 - 2-003 the growth rate was 9.7% (CIA, 2004). This is a fast rate when compared to
other WTO members, as it is one of the highest growth rates and man stimulate trade. However, it is also worth noting that this is relatively low for China in
recent years. The Gross Domestic Product is a monetary value of all of the goods and services an economy produces over a
set period of time. There are also some exclusions to prevent double accounting such as the sale of second hand goods, for example cars, these will have been counted when
initially sold, so if included again the same goods will be counted twice. The measure of GDP can be calculated in three
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