China economic growth has been acknowledged by many as remarkable. In a very short span of time, it has grown to become one of world's largest economies. It is predicted that by 2035, Chinese economy is likely to overcome that of United States of America. Credit for this remarkable economic growth of China goes to its communist government, which adopted several economic reforms and measures aiming for economic development.
google_protectAndRun("ads_core.google_render_ad", google_handleError, google_render_ad);
google_protectAndRun("ads_core.google_render_ad", google_handleError, google_render_ad);
Global economic slowdown Global economic slowdown has affected this Asian giant, although its effects have not been as pronounced as in other countries. International organizations like International Monetary Fund have predicted a slowdown in Chinese economic growth for 2009. However this is unlikely to affect economic development in China. China stimulus package To counter economic pressures imposed by global economic crisis, China has announced an economic stimulus package of about 4 trillion yuan or $585 billion. A large part of this money would be utilized for economic development of this nation. It remains to be seen if this package is going to help China to boost its economy. Investment on infrastructure projects A major part of China's economic stimulus package would be utilized for infrastructure projects in that nation. Existing infrastructure and housing projects are likely to receive a boost following infusion of economic stimulus money. About 7.5 billion yuan have been set aside for low-rent housing projects in China. This is in addition to about 2 billion yuan that had already been put on low-rent housing projects in China. Economic development of China will take place with investment in infrastructure projects that include railroad, water conservancy, and highways. Corruption Corruption at local government level has been a major challenge for China's national government. It has been one major problem that acts as an hindrance to China economic development. Lack of accountability of persons and money distributed to local governments for public utility services is a major area of concern for China
google_protectAndRun("ads_core.google_render_ad", google_handleError, google_render_ad);
google_protectAndRun("ads_core.google_render_ad", google_handleError, google_render_ad);
Global economic slowdown Global economic slowdown has affected this Asian giant, although its effects have not been as pronounced as in other countries. International organizations like International Monetary Fund have predicted a slowdown in Chinese economic growth for 2009. However this is unlikely to affect economic development in China. China stimulus package To counter economic pressures imposed by global economic crisis, China has announced an economic stimulus package of about 4 trillion yuan or $585 billion. A large part of this money would be utilized for economic development of this nation. It remains to be seen if this package is going to help China to boost its economy. Investment on infrastructure projects A major part of China's economic stimulus package would be utilized for infrastructure projects in that nation. Existing infrastructure and housing projects are likely to receive a boost following infusion of economic stimulus money. About 7.5 billion yuan have been set aside for low-rent housing projects in China. This is in addition to about 2 billion yuan that had already been put on low-rent housing projects in China. Economic development of China will take place with investment in infrastructure projects that include railroad, water conservancy, and highways. Corruption Corruption at local government level has been a major challenge for China's national government. It has been one major problem that acts as an hindrance to China economic development. Lack of accountability of persons and money distributed to local governments for public utility services is a major area of concern for China
No comments:
Post a Comment