5 REASONS FOR CHINA'S SUCCESS
1. Strong government support
The Chinese government has been committed to economic growth and has implemented good policy decisions quickly and effectively. China's development is centered on economic construction. China has been pushing its big selling point, the big market. , China, a place where attracting foreign investors has a stable, open policy and is committed to reforms.China is a place worthy of their investment.
2. High savings rate
Another reason for China's success is its high recycling rate. China has concentrated its wages on workers in the four major state-owned banks. The leadership used the funds to focus on key projects. Nearly 85% of China's infrastructure is supported by this fund.
3. Division of development of special economic zones and key areas
China believes in demonstrating its strengths and using itself as a model for visiting VIPs. This helps bring foreign direct investment into the country and develop the local economy. Shenzhen and Zhangjiagang have developed into stunning models, and Beijing and Shanghai are also famous centers for development. China has successfully established several flexible investment zones, free trade zones, high-tech zones and export processing zones, as well as tax incentives and appropriate infrastructure.
4. Strong manufacturing base
China is a strong manufacturing base. China has positioned itself as a manufacturing center to provide more employment opportunities for the general public.
5. Market flexibility
China is able to rapidly transform its strategy and shift its resources to hot areas such as computer science, biotechnology engineering, law, economics, management and higher education. Support Chinese students to study abroad, provide certain support for studying abroad, and encourage strong graduates to return to China.
1. The impact of China's economic development on the world's real economy
The real economy is the most important in the process of economic development, and import and export trade, as a direct manifestation of the real economy, plays a very important role in measuring the level of a country's economic development. In the process of world economic development, China has played the role of a world factory. China has provided a large amount of raw materials and labor for the production of enterprises in the United States, Japan and other countries, and has become a major processing base. These products have become the main consumer goods in developed countries, so China Economic changes will have an important impact on these countries.
2. China's foreign investment has stimulated the world economy
With the development of the economy, the development of technology and the promotion of the "Belt and Road Initiative”, China's foreign investment and economic cooperation have developed rapidly. According to the UN Conference and Trade Development Report, the proportion of all foreign direct investment in China rose to 8.7%, a sharp jump from 0.1% in 2000.
3. China's economic potential continues to promote the development of the world economy
The fundamentals of the Chinese economy are still solid. As the world's largest developing country, China still has a long way to go in industrialization, urbanization and agricultural modernization. But given its 900 million workforce, 100 million of whom have received higher education and professional training, and effective supply-side structural reforms in key sectors, the Chinese economy has great potential.
4. Chinese imports directly benefit trading partners
China has a large population and is an important consumer in the world. Especially in the situation of rising gross national product and rising per capita income, consumption levels are also rising, which has driven the growth of import trade. At the same time, China's infrastructure construction and industrial production levels have also been continuously improved. The demand for various raw materials and resources is increasing. In the case of insufficient domestic resources, it is necessary to rely on a large number of import trade. The increase in China's import demand has enabled the corresponding exporting countries to obtain huge economic benefits and create opportunities for economic growth. In terms of trade in goods, although the import value of China's goods trade in 2015 has declined, it is mainly due to the decline in international commodity prices, and it is still growing in quantity. Oil and metals The main bulk commodities in China's imports of goods, China's oil imports are still in a contrarian trend in the situation of world oil prices, which has played an important role in stabilizing market expectations and restraining price declines. Therefore, the development of China's economy will have an important impact on the world economy.
All the benefits make China a great place to study and live. Welcome international students to study in China!