Understanding China’s Economic and Market Developments: Managing China’s Transition Into Global Benchmarks
Also Interesting
- Since the introduction of economic reforms some 50 years ago, China’s economy has metamorphosed into a formidable driver of global growth as it opens its market to international investors.
- This growth has been driven by decades of policy and economic reforms that has transformed its economy into the second largest in the world.
- Its achievement has been based on political stability and long-term reforms that have urbanized its vast population to drive its expansionary policies into manufacturing and export-orientated growth.
- Large investment in infrastructure and expansion of its cities have supported the migration of its workforce, although an aging population and a growing, wealthy middle class have shifted focus towards automation, robotics and a service-based economy.
- China's focus on economic growth has been at the cost of high levels of air, water and soil pollution which has spurred growth in environmental initiatives supported by government subsidies and investment opportunities.
