China's economy today Flashcards
What does SEZ mean?
Special Economic Zone
The government limited the places SEZ were located. Were are they located?
In the Pacific Coast
What is the name of the city were the first SEZ was located and in what year?
The first city with a SEZ was Shenzhen in 1980
What did the Chinese leaders to encourage the trades in the SEZ’s?
They offered low taxes and less regulations on imports and exports
What is the name of the people that was attracted by the SEZ?
The people were called entrepreneurs
In what position is China on the largest economy of the world?
China is the second largest economy of the world after USA which is the largest economy in the world
What powers China’s economy?
Industry, services, and agriculture
What is China globally known for?
For the exports of clothing and textiles, electronics and toys
What service industries inside China’s borders provide activities?
Banking, insurance, trade, communication, education, health care, recreation and transportation
What indusrty contrubutes little to China’s GDP?
Agriculture
What policy did the Chinese government do to control the population?
The one-child policy
What did the one-child policy do for the people?
It improved the standard living for the people
What community did the government create after the one-child policy?
The government created a community for seniors who live alone
What unitended impact did the policy have?
The “only children” are more spoiled and selfish since they have no brothers or sisters
what does scientists predict of India?
The predictions is that India will surpass China in population after 2030
