China Flashcards

1
Q

Role of Agriculture

A

Livestock revolution

Wheat breading

Biotechnical breeding improvements, e.g. Maize, soy bean

Beijing green Angel soil- resistant to desertification

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2
Q

Role of Aid

A

Since 1950s, been an aid receiving country

But also a donor

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3
Q

Role of Education

A

Parents huge expectations and sacrifices

1986- law making at least 9 years education compulsory

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4
Q

Role of Physical factors

A

huge coastlines, close to trade between many countries and continents.

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5
Q

Role of Government policies and incentives

A

Pushing price of agriculture products and subsidizing farmers.

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6
Q

Role of Manufacturing

A

27% of China’s workforce is in the manufacturing sector

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7
Q

Role of Inward investment by TNCs

A

Very low wages
2010- FDI $60bn
2015- now a net investor, shows economic maturity and growth

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8
Q

Role of International trade agreements

A

Invests in countries all over Africa in infrastructure and companies.

Also the ‘workshop’ of the world

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9
Q

China Initially

A

Export oriented path to industrialisation

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10
Q

Labour Supply

A

Plentiful supply, from rural-urban migrants in search of work due to agriculture mechanism

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11
Q

Wages and Unemployment

A

4% now

Higher rates drove wages down, attracted lots of FDI

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12
Q

Female participation in workforce

A

Higher than average

One-child Policy helped, made women more available to work

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13
Q

Political System

A

Planned Economy

5 year planned reforms

Accelerated growth

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14
Q

Strong leadership

A

Chinese politicians feels greater responsibility to the nation

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15
Q

Free Market Economics

A

Since 1978, has been moving away from centrally planned economy

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16
Q

Export-Led growth

A

Initially pursued by China, moving toward import substitution for growing middle-class

17
Q

SEZ and FDI

A

FDI encouraged in particular areas, cities, where government would relax regulations and reduce tax rates

18
Q

Economic Diversification

A

R&D, Specialist Manufacturing and Hi-Tech industry

Reducing narrow economic base

19
Q

Education

A

Literacy levels have risen massively to 95%, huge amount of unskilled still, growing highly skilled though

20
Q

Raw materials

A

Huge amount of natural resources reserves, also is a major importer, needs them to fuel huge industrial development

21
Q

The three gorges dam

A

Needed to meet huge demand for energy, and wants to develop new sources

Navigation along Yangtze have also helped development

22
Q

Olympic factor

A

Perfect opportunity to showcase nation

23
Q

Social Consequences of rapid growth

A

Huge inequality between south+east and agricultural north

People in poorer countries benefit from their FDI

24
Q

Economic consequences of rapid growth

A

Improved standard of living for many in its country and other countries

25
Q

Environmental consequences of rapid growth

A

some of the worst air pollution levels on planet, global warming

high levels of sewage in water courses

26
Q

Political consequences of rapid growth

A

Pressure of demand

altered world geopolitics by loaning money and trading actively and flexing muscle