Economic trends since 1990 ( L3 )

Question 1

GDP

Answer 1

FDI and industrialisation has increased China’s GDP

Question 2

Economic sector change

Answer 2

China has focused on industry with cheap labour

Question 3

Imports

Answer 3

Entrepreneurs started pirate businesses and were acquired to import and export goods

Question 4

Exports

Answer 4

Countries want cheap goods made and exported from China

Question 5

FDI Origin

Answer 5

China’s ports developed and TNC’s encouraged to invest in China’s outsourcing

Question 6

Global Flows

Answer 6

Includes shipping, aircraft, containerisation, skilled cheap labour and rising income of population

Question 7

Economic liberalisation

Answer 7

China has loads of people to make and sell goods. The world has allowed free movement of money

Question 8

Shanghai

Answer 8

• Maths is 3 years ahead
• TNC outsourcing
• Investments in bridges, open cities and 3 Gorges Dam

Question 9

Outsourcing ( How it starts )

Answer 9

money invested by TNC’s for infrastructure benefits companies, Increased manufacturing

Question 10

How it changes

Answer 10

creates jobs, increased skill levels, tax and provides income for government spending

Question 11

Long term benefits

Answer 11

• Higher wages are demanded
• Labour force is more enjoyable
• Training and education upskills force
• Newer tech and raises consumer spending power