Rising Economic Strength of china will require internal development and less

dependency on export of manufactures to Europe union & USA

Will china double digit growth continue to depend on export manufacturing business?
Will china double digit growth continue to depend on export manufacturing business?
Chine has turn into focus point of globalization (Humphrey, 2006). Chinas GDP growth has
turned million poor people into rich. Main component of china growth is its export & import of
products. China is importing its products worldwide including countries USA, Japan &
European Union. Its GDP dependency on import & export is 70% but same dependency for
other countries (Big Economies) like USA & japan is 25% to 30%.China is dealing with
different manufacturing products like primary products, intermediate products, and finished
products. Primary products include energy, raw material & food. A main country in which
china is selling its products is USA. In primary products energy is main product. It is being
compelled by commercial growth, automation, urbanization and enlarged motorization. Due
to its efficient and least cost method countries in Asia are also getting attracted towards
china. With passage of time India, japan & china Asian countries production is declining
compared to china. In primary product energy not countries around the globe USA &
European Union dependency is increasing but same time Asian companies are also seemed
to be interested for china for export of these things (Secretariat, 2011).
Apart from its own manufacturer china is huge market for international companies seeking to
enter in china as wholly owned company, in alliance with other existing Chinese companies,
or as a merger. Due to low cost availability of labor there is number of companies opening
there manufacturing plants in china. China is IT hub. With advancement in technology,
Telecommunication world dependency on china is increasing. China is world largest
population. Due to its population there work force is very popular. China exporting products
includes Auto Parts & Accessories, Baby & Children's Products, Computer Products,
Electronic Components, Electronics, Fashion Accessories, Furniture & Furnishings,
Garments & Textiles, Gifts & Premiums, Hardware & DIY, Home Appliances, Housewares,
LED & Solar Products, Machinery & Parts, Medical & Health Products, Mobile Electronics,
Personal Care, Security Products, Sports & Leisure and Telecom Products. Its also
providing services around the globe for products & services including agriculture, health &
educations. In All mentioned fields countries around the globe are dependent on china (Yao,
2013).
Despite of all these Chinese are not considered clean people with increasing awareness
especially in food products their milk scandal reduced trust factor. Secondly Chinese
products are not considered quality products. Based on this we can say china double digit
growth will continue in future difficulty but it will defiantly depend on manufacturing business.
Below given is IMF forecasted China future growth graph (Conerly, 2014).

Will Super-High Chinese Growth Continue?
Yes china will grow indeed, not compulsory with this growth rate, but it will grow more
compared to other Asian countries (Kumar, 2011). There are 3 main reasons due to which
china will continue to grow. First reason chinas urban population is continuously growing.

Chinese cities are getting productive & economically beneficial. Gradually affluent Chinese
households are more innovative, producing technology-intensive home products that are
high quality and judiciously priced, such as humidifiers, water, fire alarms, and air purifiers,
and video door phones etc. Secondly china toughest challenge is population & its getting
tougher day by day but Chinese learned how to use it. In china air is much polluted. China
invested in green energy now its world largest energy investor China is investing in global
safety. Its very careful about its workforce health, based on its these steps there is likely
hood that china will become a global leader in going green. Third china is getting very open
minded. Its inviting foreign investors to invest in china. Apart from that china people are
going outside china. China is not only a heading Asia, USA, Japan but its also Africa's most
important trading partner. China is always focusing on whats going outside & how they can
control it (Cote, 2014).
China is global second largest economy, China GDP share 1n 1995 was only 2% Now its
GDP share in global market is 13%. China is a big country but its not that much rich. Still it
means that there are possibilities of its growth. At individual level, internally there is need to
grow.
What continuous social reforms are required for Chinese economy?
Continued Chinese progress around six percent per year or additional over the next 20 years
would unavoidably bring about histrionic changes in global order, snowballing China's
material interests everywhere around the world and allowing it to invest heavily in its armed
forces, increase external aid and globalize its currency. Chinas progress policies can merely
be valued if they are well-thought-out by applying viewpoints from established economics.
This need overview of economic, political, social acts overview starting from 1978. These
reforms must cope with global recession. China is comparatively less dependent on FDI.
These should not be already identified & accepted recordings Approach to Policy Change.
Chinese market is facing issue of illegality. Base on above argument and for continuous
development Chinese economy requires following social reforms.
Around the globe investors must be appreciated including Asian, African, western countries ,
There should not be any kind of social discrimination based on cast, urbanizations everyone
should be given equal opportunities . There is need to introduce labor laws & proper system
of workforce education and training need to be developed. Women labor rights must be
implemented. Nation unified purpose must be developed. Political reforms are very
important,
If the fortune of other one-party systems in Asia is any guide, then one-party rule in China is
living on borrowed time. In China, the private economic sector has surpassed the state-
owned one and is creating myriad of new private interests that are independent of and in
competition with the Partys interests. The pressures are increasing in the direction of
factionalized national, regional and local politics. More challenging forms of political
competition will sooner or later emerge as divergent interests further fracture Party unity and
as the disfranchised and disconnected elements of society seek political justice and
coalesce into a viable opposition. The Party has taken a huge gamble, and the problems
with which we began this analysis could grow and overwhelm its chosen strategy.

In china due to their population there is job issue; People consumption level is very low.
There is need to update both financial, Social & political reforms. Based on above arguments
it can be said that Rising Economic Strength of china will require internal development and
less dependency on export of manufactures to Europe union & US