China

Question 1

What was China’s GNP per capita in 1970? (China globalisation)

Answer 1

$180

Question 2

What was China’s GNP per capita in 2010? (China globalisation)

Answer 2

$2,940

Question 3

Who was the leader of China in 1970’s and what did he do? (China globalisation)

Answer 3

Deng

Changed China from a centrally planned economy to a market based economy

Question 4

TNC’s and other global companies could operate in China after the change. What did this lead China to become known as? (China globalisation)

Answer 4

Export platform

Question 5

How did China go about their change in global markets? (China globalisation)

Answer 5

• Reduced taxes/tariffs
• Investment in education
• Encouraged private business growth
• Investment into infrastructure
• Joined WTO

Question 6

China reduced taxes and tariffs in 1981. By how much did this increase exports before 1994? (China globalisation)

Answer 6

19%

Question 7

Why were special economic zones set up? (China globalisation)

Answer 7

Areas generally along the coast where foreign investment was encouraged through tax reductions

Question 8

How many SEZ cities were created and what were he first two? (China globalisation)

Answer 8

14 in total

First created = Shenzen (1979)
Second created = Shanghai (1992)

Question 9

What issues were associated with the SEZ? (China globalisation)

Answer 9

• economic inequality
• pollution
• soil erosion
• economy driven