The Successful Policies Of Chinese Government - 1478 Words

Introduction This essay aims to show the successful policies of Chinese government has used to increase the rate of economic growth from 1998 to 2006 and evaluate them. Economic growth rate is the percentage increase in output over a twelve-month period (Sloman, 2010: 562). From 2000 to 2007, China s average growth rate was 9.2% in per year, and nearly 35% of world GDP growth (In term of PPP). As a big country, its population making up over one-fifth of the world s population, but this rapid of growth is unprecedented (Fenby, 2008). Madison (1997) summarized the development history of the world economy of two hundred years, and considered that, in the long term, the big four factors determine the sustained high growth of output per person: technology〠the accumulation of material capital〠and accumulation of human capital. In October 1997, with the impact of the Asian financial crisis, most of the Asian countries’ economic were malaise (Sharma, 2003), even China. In 1998, the Chinese government implemented a series of policies to promote economic growth, and led China into a golden stage of the economic growth ( ). Therefore, the study of this period of successful economic policy is particularly necessary. This essay will lay out the successful policies of China in this period from four different aspects at first. Then, I will analyze and evaluate the success of the policy in each period. Finally, I will summarize the success of these policies. Successful policies As shownShow MoreRelatedThe Censorship Of The Government In The Chinese Government1070 Words   |  5 Pagesvery successful in the country of China by instilling fear in their citizens to follow the communist beliefs and be closed off to democratic societies. The Chinese government has successfully blocked out information such as the Taiwanese Independence and information of about the 1989 killings in Tiananmen Square (Rauhala 2016). 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