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China's economy
What capacity does China have in order to gain the position of an "economic giant" and to become almost equal to the USA. "As a first step toward understanding China, one can hardly do better than to spend some time with a good atlas. It is vital to understand China's diversity. And a key element in that diversity is its geography...1"[Starr, 3]. China's power is growing every day but still this is not the main factor indicating its potential as an economic giant. The reason that makes the USA pay a lot of attention toward the economical and political development of China is very important: "China's rise has more in common with the rise of the United States a century earlier"[Shenkar, 1]. This similarity of the economic processes makes a solid base for all the "giant" predictions that China gets. For 26 years of reforms the annual increase of the Chinese economy made 9,4% at the average. This numeral exceeds the economic increase of the developed countries in 4 times, the rate of growth of world economy in 3 times and the economic growth of the developing countries in 2 times. Almost every country in the world gets the products, which claim: "Made in China". China shows its "increased dominance in many product markets"[Shenkar, 18]. According to the information of the World bank throughout the period from 1980 till 2000, China's impact into the world's economy made 14%2. The primary reasons for the growing economy of China are the strong increase of investments and growing amount of export.
What capacity does China have in order to gain the position of an "economic giant" and to become almost equal to the USA. "As a first step toward understanding China, one can hardly do better than to spend some time with a good atlas. It is vital to understand China's diversity. And a key element in that diversity is its geography...1"[Starr, 3]. China's power is growing every day but still this is not the main factor indicating its potential as an economic giant. The reason that makes the USA pay a lot of attention toward the economical and political development of China is very important: "China's rise has more in common with the rise of the United States a century earlier"[Shenkar, 1]. This similarity of the economic processes makes a solid base for all the "giant" predictions that China gets. For 26 years of reforms the annual increase of the Chinese economy made 9,4% at the average. This numeral exceeds the economic increase of the developed countries in 4 times, the rate of growth of world economy in 3 times and the economic growth of the developing countries in 2 times. Almost every country in the world gets the products, which claim: "Made in China". China shows its "increased dominance in many product markets"[Shenkar, 18]. According to the information of the World bank throughout the period from 1980 till 2000, China's impact into the world's economy made 14%2. The primary reasons for the growing economy of China are the strong increase of investments and growing amount of export.