Firstly by muting all international conflicts and geopolitical ambitions, China followed the examples of other newly industrialising economies (NIEs), giving priority to industries and sectors where limited government investments would produce rapid growth. ... Also GNP has increased from 80 Renminbi during the 1950's to 4000 Renminbi and nearly every household now owns a television. ... China's state owned enterprises have been extremely inefficient and to continue operation, they need to be kept afloat by direct government subsidies and loans from the central bank. ... Over half of...

• Word Count: 2010
• Approx Pages: 8
• Grade Level: Undergraduate

For many years, China remained where it was, focusing more on its internal problems and economic reform within its own country; therefore, China was not worrying about what was going on in the rest of the world. ...

• Word Count: 3515
• Approx Pages: 14