2. Overview
• Chinas economy has grown
7x faster than the United States
and is currently one of the
fastest growing economies in
the world.
• China has the 91st Lowest GDP
per capita in the world.
• The top ten largest stocks in
the Shanghai Stock Exchange
are government controlled
companies.
Monday, March 18, 13
3. What we know about China’s economy
• There is currently great debate over • Experts have divided opinions
the results of Chinas latest growth about what this data means. Some
rate numbers. In the last quarter believe it signals an end to the
the countries growth rate was recent economic slide while others
7.9%, comparative to the 7.4% are skeptical that the upturn can
growth in the quarter before. last.
• These results are coming in at the • The following experts have different
same time as the decisions are perspectives on the matter, and
being made about who will go on to both offer a valuable opinion
lead the country. coming from such different
backgrounds.
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4. Where is China now?
According to Frasure Howie
• Believes that the • Domestic challenges
upturn signals an end that China is facing According to Frasure Howie
Author of “Red Capitalism”
to the economic are mainly in the
downturn in China. housing sector. (High • Also Chinas economic
demand for houses backbone is foreign
• However any leads to unreasonably credit, which may at
recovery would be high prices). some time prove to be
small scale due to the less than solid.
fragility of Chinas • Poor management of
trading partners (i.e. this led to a slow in • Suggests more
U.S., Europe, and the growth of Chinas dependable methods
Japan). national markets. that are proven to work
in the long term.
Monday, March 18, 13
5. Where is China now?
According to Jian Chang
• The development of • Jian Chang offers a
According to Jian Chang a new infrastructure different point of
Author of “Red Capitalism” to handle the view than Frasure
• The state that Chinas changes is also due to different
economy is in was predicted possible. disciplines, and
a long time ago. backgrounds.
• However the biggest However Jian’s
• China needs to be careful, issue that Jian ability to look at
as external markets are Chang feels is facing China from the
uncertain.
China domestically, inside makes her
is the formation of work even more
• It is likely that they will result
shadow relevant.
in very gradual reform.
governments.
Monday, March 18, 13
