IDEAS home Printed from https://ideas.repec.org/a/eko/ekoeko/3_106.html
   My bibliography  Save this article

The economic position of the Chinese People's Republic

Author

Listed:
  • Marian Edward Halizak

Abstract

The economy of the Chinese People's Republic with respect to the magnitude of the GNP (according to the buying power) is located in the second place after the USA. If the hitherto trend of its development will be maintained, then about 2015-2020 it will overtake the economy of the USA. Implemented since 1978 the policy of reforms has led to an unprecedented opening to the world, which is demonstrated by the following numbers: the seventh place in the world with respect to the magnitude of foreign trade and the third place in the world with respect to the cumulated value of accepted direct investments 350 billion US dollars. The expected acceptance of the Chinese People's Republic to the World Trade Organization at the end of 2001 will make the process of opening irreversible and what is more important it will force pro-market changes in the economy and first of all the reform and privatization of the sector of state enterprises. A very essential feature of the Chinese economy is a pro-effectiveness development implemented on the basis of educated manpower, efficient allocation of production factors and the influence of direct investments. The danger and barrier for the development of the Chinese economy are the too large differences between the eastern and western part and the supply barrier from the domestic sources of energy carriers.

Suggested Citation

  • Marian Edward Halizak, 2001. "The economic position of the Chinese People's Republic," Ekonomia journal, Faculty of Economic Sciences, University of Warsaw, vol. 3.
    • Handle: RePEc:eko:ekoeko:3_106
    as

    Download full text from publisher

    File URL: http://ekonomia.wne.uw.edu.pl/ekonomia/getFile/417
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Zuliu F. Hu & Mohsin S. Khan, 1997. "Why Is China Growing So Fast?," IMF Staff Papers, Palgrave Macmillan, vol. 44(1), pages 103-131, March.
    2. Yingyi Qian, 1988. "Urban and Rural Household Saving in China," IMF Staff Papers, Palgrave Macmillan, vol. 35(4), pages 592-627, December.
    3. Yunnan Shi, 1997. "Foreign Direct Investment in China and the Economic Integration of East Asia," Palgrave Macmillan Books, in: Sam Dzever & Jacques Jaussaud (ed.), Perspectives on Economic Integration and Business Strategy in the Asia-Pacific Region, chapter 7, pages 121-143, Palgrave Macmillan.
    4. Mr. Mohsin S. Khan & Zuliu Hu, 1997. "Why is China Growing So Fast?," IMF Economic Issues 8, International Monetary Fund.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Mengjie Tian & Mingyong Hong & Ji Wang, 2023. "Land resources, market-oriented reform and high-quality agricultural development," Economic Change and Restructuring, Springer, vol. 56(6), pages 4165-4197, December.
    2. Kayode, M.O. & Odusola, Ayodele, 2001. "Economic Development Management in Nigeria: Dynamics, Dialectics and Outcomes," UNDP Africa Economists Working Papers 307338, United Nations Development Programme (UNDP).
    3. Dollar, David & Kraay, Aart, 2006. "Neither a borrower nor a lender: Does China's zero net foreign asset position make economic sense?," Journal of Monetary Economics, Elsevier, vol. 53(5), pages 943-971, July.
    4. Kayode, M.O. & Odusola, A.F., 2001. "Economic Development Management in Nigeria: Dynamics, Dialectics and Outcomes," UNDP Africa Research Discussion Papers 267026, United Nations Development Programme (UNDP).
    5. Taurai Muvunza & Yong Jiang, 2023. "Determinants and hedging effectiveness of China's sovereign credit default swaps," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 28(2), pages 2074-2087, April.
    6. Banerjee, Abhijit & Duflo, Esther & Qian, Nancy, 2020. "On the road: Access to transportation infrastructure and economic growth in China," Journal of Development Economics, Elsevier, vol. 145(C).
    7. Kuijs, Louis, 2006. "How will China's saving-investment balance evolve ?," Policy Research Working Paper Series 3958, The World Bank.
    8. Chong-En Bai & Chang-Tai Hsieh & Yingyi Qian, 2006. "The Return to Capital in China," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 37(2), pages 61-102.
    9. Kuijs, Louis & Wang, Tao, 2005. "China's pattern of growth : moving to sustainability and reducing inequality," Policy Research Working Paper Series 3767, The World Bank.
    10. Chadwick C. Curtis & Steven Lugauer & Nelson C. Mark, 2015. "Demographic Patterns and Household Saving in China," American Economic Journal: Macroeconomics, American Economic Association, vol. 7(2), pages 58-94, April.
    11. Csanádi, Maria, 2007. "Party–state systems and their dynamics as networks," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 378(1), pages 83-91.
    12. Mario Biggeri, 2012. "The Determinants of Foreign Direct Investment (FDI): the Case of the Chinese Provinces during the Economic Transition," Working Papers 1211, c.MET-05 - Centro Interuniversitario di Economia Applicata alle Politiche per L'industria, lo Sviluppo locale e l'Internazionalizzazione.
    13. Yanrui Wu, 2002. "Technical Efficiency and Its Determinants in Chinese Manufacturing Sector," Economics Discussion / Working Papers 02-15, The University of Western Australia, Department of Economics.
    14. Zhifeng Wang & Xuening Ge & Yunxia He & Shuting Li, 2023. "Has the Reform of Land Reserve Financing Policy Reduced the Local Governments’ Implicit Debt?," Land, MDPI, vol. 12(11), pages 1-21, November.
    15. Gouda Abdel-Khalek & Karima Korayem, 2007. "The Impact of China on the Middle East," Journal of Developing Societies, , vol. 23(4), pages 397-434, October.
    16. Hlavac, Marek, 2010. "Freedom as the key to prosperity: Lessons from the world's growth miracles and economic disasters," MPRA Paper 25563, University Library of Munich, Germany.
    17. Mario Biggeri, 2003. "Key Factors of Recent Chinese Provincial Economic Growth," Journal of Chinese Economic and Business Studies, Taylor & Francis Journals, vol. 1(2), pages 159-183.
    18. Harry X. Wu, 2007. "Measuring Productivity Performance by Industry in China, 1980-2005," International Productivity Monitor, Centre for the Study of Living Standards, vol. 15, pages 55-74, Fall.
    19. A. C. Arize & Malindretos John, 2000. "Does Inflation Variability Affect the Demand for Money in China? Evidence from Error-Correction Models," International Economic Journal, Taylor & Francis Journals, vol. 14(1), pages 47-60.
    20. Arby, Muhammad Farooq, 2008. "Some Issues in the National Income Accounts of Pakistan (Rebasing, Quarterly and Provincial Accounts and Growth Accounting)," MPRA Paper 32048, University Library of Munich, Germany.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eko:ekoeko:3_106. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: the person in charge (email available below). General contact details of provider: https://edirc.repec.org/data/fesuwpl.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.