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China is bordered by i4 countries among them include; Mongolia, North Korea, Vietnam and India. The country has a prosperous economy, and that has been diversity in the economy of the country. The research assignment below provides a one-week micro-economic analysis of China. The report focuses on the most important goods and services produced in China, GDP per capita, population size, and the type of government applied in China.
Most important goods and services produced in China
Based on one-week research, I found that, China produces almost everything one can think. More importantly, China is one of the top largest producers of tea in the world. Both white and green tee is produced in large amount, while black tea is produced in small amount. Other goods and services that are exported by China include: Wheat, rice, silk, salt, and Agricultural Apparel Automobiles among others.
China is also among the world’s largest producers of natural resources such as hydro power, coal, iron, petroleum, natural gas, aluminium, zinc, vanadium and other rare earth elements (Holober, pp.66-69). The country provides services on motorcycle business services, software, construction, chemical computer hardware services, real estate services, consumer electronic, and electrical equipment services among other many services.
The GDP per capita in china
The GDP per capital in China has been increasing over the recent times. This has been attributed to the restructuring of its economy, which has involved gradual liberalisation of commodity prices, rapid growth of the banking sector, and creation of independence for state owned enterprises.
The GDP in 2011 slowed down, to almost 9% from 10.5% in 2010 while in 2009, China registered a GDP of 9.2% as compared to the world statistic (Hobler, p. 35). These statistics indicate that, the country had been experiencing fluctuations in GDP because there are major reforms that have been taking place in the Chinese economy.
Population of China
The population of China has been increasing since the Second World War. The persistent increase in population can be attributed to the cultural believe that, people should have children to replace the soldiers lost in the war (Holober, p. 59).
This belief has made China to be among the world most populated countries in the world. The Chinese government encourages its people to adopt family planning techniques so as to manage the population increase. China Labour force stand at 706 million people, almost twice that of Europe (Hobler, p. 58).
China is a communist state with several administrative divisions within the government. The divisions of administration include the provinces, municipalities and autonomous regions, such as Inner Mongoria and Tibet among others. On 1st October 1949, People’s Republic of China was established following an earlier replacement of Qing Dynasty on 1st January 1912. In China, for a political candidate to be elected, one must be a member of a political party, called Chinese Communist Party (CCP).
The CCP contains other eight small parties that it controls. The government has a constitution that was promulgated on 4th December 1982. In addition, the government has the arms of government which are: Legislature, executive and Judiciary. The country has a red flag with a large yellow five pointed star. The red colour represents revolution and the stars represent four social classes; the Working class, Peasantry, the urban Petty bourgeoisie, and the National bourgeoisie (Holober, p2).
The research has critically discussed the macro-economics setting of China. It is evident that China is rich in natural resources. In addition, the country has developed effective government structures to facilitate the production process. However, the population of the country has been growing at an alarming rate. Therefore, there is need for the government to reduce the rate of birth rate.
Holober, Frank. Raiders of China coast: Cia Cover Operation during the Korean war.Annapolis.Naval institute Press.1999.Print.