The Promise of China

Christiane Prange ()
Additional contact information
Christiane Prange: Tongji University

A chapter in Market Entry in China, 2016, pp 3-8 from Springer

Abstract: Abstract Since opening up to foreign trade in 1979, China has become the land of promise for many Western companies. China has emerged as a major global player and today is the largest economy in the world. However, the economic crisis in 2008 has also affected China, with exports and foreign direct investment declining and growth slowing down. Real GDP fell from 10.4 % in 2010 to 7.8 % in 2012, to 7.4 % in 2014. Future growth will largely depend on the government’s activities to boost consumer demand, accelerate the transition to a free market economy, and engage in innovation rather than remaining the ‘low cost factory of the world’. This chapter gives a short overview on the historical milestones of China’s developments, its reform strategies, and its future ambitions.

Keywords: China’s development; Economic reforms; Future ambitions (search for similar items in EconPapers)
Date: 2016
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:mgmchp:978-3-319-29139-0_1

Ordering information: This item can be ordered from
http://www.springer.com/9783319291390

DOI: 10.1007/978-3-319-29139-0_1

Access Statistics for this chapter

More chapters in Management for Professionals from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().