L3 - On Trend (Shanghai's Global Growth)

Question 1

How much did China’s exports to other countries increase by from 1997 to 2002? (Fold)

Answer 1

6

Question 2

What is the average annual growth rate of China’s economy over the last 3 decades? (%)

Answer 2

9.2%

Question 3

What is the total value of trade between Japan and China?

Answer 3

$133.5 billion

Question 4

What was the total value of FDI coming into China each year between 2006 to 2010?

Answer 4

$100 billion

Question 5

Approximately, how much did China’s GDP per capita increase by between 1990 and 2012?

Answer 5

$10000

Question 6

Approximately, how many people were working in China’s secondary sector in the year 2000?

Answer 6

160 million

Question 7

Which international organisation did China join in order to enable it to trade more easily with other countries? What year?

Answer 7

World Trade Organisation. 2001

Question 8

Which sector dominates China’s economy?

Answer 8

Primary

Question 9

What number is China ranked in terms of GDP?

Answer 9

Second in the world - closing in on the USA who is at number one

Question 10

Which sector is experiencing a significant increase in its number of people?

Answer 10

Manufacturing (secondary) and service sectors

Question 11

China’s economic boom has led to an increase in what flow of people?

Answer 11

Rural-to-Urban Migration (RUM)

Question 12

What does China import?

Answer 12

Raw materials and components

Question 13

Has China’s economic development benefitted everyone?

Answer 13

No. There is rising inequality and uneven development across the country

Question 14

What affect does the ocean have on China’s ability to trade?

Answer 14

The coast is the E/S China Sea.
But it has to get round to the Malacca Strait (near Singapore), past Thailand, Philippines, Indonesia, Taiwan, Malaysia, Vietnam, and Japan

Question 15

What does China export?

Answer 15

Manufactured goods. China is the leading producer of clothes and electrical components.

Question 16

What’s the economic attraction of FDI/TNCs to China?

Answer 16

A huge labour pool (work force) -
And high supply means…
Low wage rates (cheap labour),

Question 17

What class of people has experienced an increase in numbers? Why? What impact does this have?

Answer 17

The middle class has grown due to the growth in China’s economy. This means that they are now consuming an increasing proportion of China’s manufacturing output.

Question 18

How do rivers help China’s developing global trade?

Answer 18

Its bodies of water such as the Yangtze River, Yellow River, Mekong River - goods can be transported from inland to the coast

Question 19

What political action attracts FDI/TNCs to China?

Answer 19

Special Economic Zones (e.g. the Shanghai Economic Zone) - therefore…Favourable tax rates,

Question 20

What are the flows of globalisation into/out of China

Answer 20

Flows of People
Money
Goods
Ideas

Question 21

What do governments provide to attract FDI?

Answer 21

Capital investment - they spend on infrastructure, e.g. electricity, railways, telephone/internet connections

Question 22

Why does outsourcing create a multiplier effect

Answer 22

Companies create jobs in China.
Income means wealth for those workers
They spend on other services
Other companies choose to locate there too

Question 23

How does outsourcing change China?

Answer 23

Bilateral trade grows - e.g. Britain and China import/export to each other

Income can be taxed to pay for government spending, e.g. health / education

Question 24

What’s the long-term benefit of outsourcing for China?

Answer 24

Better trained and educated workforce
More employable - more companies want to move there
More consumers with more income

Question 25

What’s the impact of Shanghai Maths?

Answer 25

Students are 3 years further ahead in their maths skills than UK students

Question 26

Name a company that has outsourced its operations to China?

Answer 26

Intel
IBM
HP
Apple…. (Foxconn)

Question 27

What did Deng Xiaoping want for Shanghai, as an ‘Open City’

Answer 27

Economic reform - companies to compete with each other
To be open for foreign investment / TNCs investing
Lower Tax and Tariffs
The government to focus on getting companies that innovate / research and develop (R&D) to move to China
Better education
Infrastructure

Question 28

What does economic growth / change mean?

Answer 28

More jobs
Rising income
More wealth, more consumer spending
More investment
Change in type of jobs (primary/secondary to tertiary/quaternary)

Question 29

What do more airports / more runways do for emerging countries

Answer 29

Higher flow of people / tourists / businesspeople - more outsourcing
Global shift of TNCs
Higher flows of goods - more imports / exports