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Chinas Economy Essay Example

Chinas Economy

In the 1980s, China registered an acceleration in its gross domestic product. In this period, the GDP accelerated from 9.1 percent to 9.5 percent. The GDP further registered a significant growth recently to ten percent as a result of the large impact of growth in productivity. This growth was registered in the same period that rates of employment among the Chinese population dropped to below one percent from three percent. This mirrored the decrease in working age population. The one-child policy could be highly attributed to this. Additionally, since its alarming statistics in population, China registers a constant reduction of its population (Chang & Peter143). The service sector, the non-state sector, and the state sector registered significant growths of productivity in the 1990s. This occurred despite the decrease in growth of productivity within the tertiary sector. On the contrary, other factors within the economic growth fields registered significant increases. Beginning from the 1990s, growth in capital stock contributed to the proliferation of productivity in all sectors. This contributes to the most recent leap in gross domestic product from 6.25 percent in the 1980s to 9.25 percent in the recent past (Eichengreen, et al 56). Additionally, China may record a decrease in its revenues due to decreasing working age population despite an increase in capital investments. Also, the many individuals have opted for ancillary sector employment. This resulted in an increase in productivity within the same sector. In addition, the tertiary sector made the significant increase to forty percent from thirty percent. During this time, the primary segment registered a decrease from thirty-two percent to eight percent (Eichengreen, et al 58). In the year 2011, China’s secondary and tertiary and primary sectors contributed the nominal value of shares collectively. The later contributed forty-seven percent while as tertiary and primary sectors contributed forty-three and ten percent respectively.

preview essay on Chinas Economy
  • Pages: 7 (1750 words)
  • Document Type: Research Paper
  • Subject: Macro & Microeconomics
  • Level: Undergraduate
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