China Flashcards
What are SEZ’s?
Special economic zones - where foreign companies are encouraged to set up manufacturing plants in return for preferable tax rates
What are ‘open cities’ and how many are there?
They offer incentives for foreign companies to invest, there are 14
At the beginning of the 21st century how much inward investment was China receiving a year?
Over $50billion
What was the inward investment total in 2006?
$63billion
When did China join the WTO?
2001
Having joined the WTO, what happened to China’s exports from 2001 to 2006?
From $266billion in 2001 to $969billion in 2006
When did China’s economy change from being centrally planned to market orientated?
1978
From 1990 to 1991 the number of people living on less than $1 a day fell by?
150million
A Chinese person pollutes ?% of what an American pollutes?
25%
What is the Chinese economy driven by?
Exports and investment rather than consumption
What is the core belief of Confucian values?
That individuals need to put societies needs before their own