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Economic Highlights

China, the most populous country in the world, has emerged as a significant global power due to its vast economy, rich culture, and unique political system. Key economic reforms initiated by Deng Xiaoping transitioned China to a market-oriented economy, fostering growth through Special Economic Zones and agricultural reforms. Additionally, China is advancing in green technologies and global trade initiatives, such as the Belt and Road Initiative, to enhance international connections and economic cooperation.

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Grace Ann
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13 views2 pages

Economic Highlights

China, the most populous country in the world, has emerged as a significant global power due to its vast economy, rich culture, and unique political system. Key economic reforms initiated by Deng Xiaoping transitioned China to a market-oriented economy, fostering growth through Special Economic Zones and agricultural reforms. Additionally, China is advancing in green technologies and global trade initiatives, such as the Belt and Road Initiative, to enhance international connections and economic cooperation.

Uploaded by

Grace Ann
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd

China is located in East Asia, it is the most populous

country in the world. Despite being the most populous


country, it is also one of the most important countries in
the world today. China's rapid rise as a global power,
combined with its unique political system, rich culture,
and great economic influence, it played a significant role
in global connections for over thousand of years.

Economic highlights
• second-largest economy, with high GDP
• world's largest manufacturing economy (factory of
the world)
• key exporters of different goods and services

Policies and Reforms

• Deng Xiaoping's Reforms - shift the country from a


centrally planned economy to a market oriented one.
> Special Economic Zones (SEZs) - attract foreign
investment and promote international trade and
economic growth.
> Privatization - shall businesses were privatized,
allowing families to open home-based shops and sell
goods for profit
- property becomes owned by a private, non-
government party.
> Agricultural Reforms - allowing small farmers to
work and sell their own production, leading to an 8%
annual increase in food production

• Green economy and carbon neutrality goals -


creating a sustainable, low carbon energy.
> Solar panels and wind energy - China is one of
the major producers of solar panels and wind
turbines.
> Electric Vehicle (EV) - BYD and NIO as China's
largest privately owned enterprises that produce EV.

• Trade and Technology policies - connects different


countries and boost innovation.
> AI - development and application of AI to reshape
industries and create opportunities.
> 5G Tech - Huawei and ZTE as the major
developers of 5g networks to create a faster
communication all over the worlds and the major
players in global 5g equipment market.
- China has one of the world's largest and fastest
growing 5g network
> Silk Road - ancient network of trade routes
connecting China to Europe, Middle East, and Africa
Purpose: exchange of goods (silk spices, paper,
ceramics), ideas, technology, and culture.
> BRI - introduced in 2013 by Xi Jinping
- modern revival
Purpose: enhance global trade, infrastructure
connectivity, and economic cooperation by reviving
the spirit of the silk road in modern context.
- exchange of infrastructure, energy and technology
- boosted trade and economic development

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