Can China Continue For Grow China - 1067 Words

Can China continue to grow? China has been heavy on government capital spending and exports. China’s capital spending is usually under infrastructure such as: roads and bridges, and they have been doing some testing to see where 3D printing can help continue to drive the economy. China has been testing the use of 3D printing for houses and other infrastructure as a possible avenue to continue having capital spending as a powerful driver in the Chinese economy. Exports are another vast driver in the Chinese’s economy where mass production is a part of total exports. Future 3d printing can be seen as a strength with products that are custom and more complex. China is trying to move towards an economy driven by consumer spending. Fine-tuning an economy is very difficult. As you can see from the chart, Chinese growth has slowed down very significantly. Still the levels are higher than many other countries, but the slowdown is clear and the transition to that slow down can b e seen as problematic. The blue line is related to the value of the yen and that has weakened in the last two years as well (Mitchell, 2015 para. 13). This has happened because China has allowed its currency to appreciate. That can be related to Chinese competiveness dropping for the last 2 years. This could have bad results for the Chinese economy. Furthermore, monetary conditions in China have changed as a result in Chinese’s GDP growth. The Chinese Central bank has reduced its reserve requirements and theShow MoreRelated The Promising Future of Chinas Economy Essay960 Words   |  4 PagesThe Promising Future of Chinas Economy If Chinas economy grows as fast for the next 20 years as it has for the past 14, it will be the biggest economy on earth: I feel that Chinas drastic improvements over the last 14 years are overwhelming, with their Real GNP growing at a rate of 9% a year, which means by, 1994, Chinas economy will match the performance of countries like Japan and Taiwan. Chinas standard of living has also increased, and the number of people who wereRead MoreNew Growth And Reform Of China1699 Words   |  7 Pages New Growth and Reform of China Siyu Sun 1377625 University of Alberta Author Note This paper was prepared for Econ 211, Section A, taught by Professor Xu. Abstract Export was the main growth from 1994 in China, but China has new growth engines in recent years. 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