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Presented BySunil kumar

Mayank gupta

Anil kumar

HIMANSHU AGGARWAL

CHINA IS THE NEW CRONY

CAPITALIST OF THE EAST

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Introduction on crony capitalist

There is close relationship between business

people and politicians.

Crony capitalist originated during asian

financial crisiss of 1997.

In this govt do favortisim in distibution of

Legal permits Govt grants

Special taxes break

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Enterprise try to exploit a competitive

advantage through the use of govt.

And control over the market.

It often associated with corruption and effecteconomic development of nation.

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In China most of distortion are created by

state govt to give advantage to its own

companies.

Chinese system bypasses the middleman and

provide both profit and bribe to govt officials

who benefit them.

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In annual survey it shows that over 70% of

companies doing business in china said that

they are subject to regulatory discrimination.

And 30% felt that the problems had becomemore difficult over time.

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The country is run by the communist party.

And it suppress the individual rights.

Inequality is high & rising

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In China class system operates on several

levels

The country has at least 150 million people

who came from villages and work in the city.

And they dont have the rights to resident in

the city.

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There children dont get the same schooling as

local resident.

The city wants workers but dont want to

resident with them and pay for the education& health care of there families.

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Chinas richest

person is

tapped tobecome the

first private

entrepreneurto join the top

ranks of

Chinas

Communist

Party

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Local change to support economic

interest

Job creation and rapid economicgrowth

Influence and entrepreneur stronggroup

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Economic

Growth

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Economic Growth

From last two year the growth rate is slow

down.

Since 1979 growth rate of China is not so

impressive.

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From past two decade growth is not positive

enough.

China showing wrong structure to invite

foreign companies.

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Comparing China with India in

six majorindustrial sector.

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GDP AND GROWTH RATE

Nominal GDP is 7.29$ trillion.

And GDP by PPP is 11.29$ trillion.

Growth rate Is 9.2%. Inflation rate Is 4.5%.

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China is huge country, it covers approx

96,00,000 km2 area.

China is second largest country by nominal

economy.

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EMPLOYEMENT

As we all very well aware that CHINA is

develop country, and the percentage of

unemployment is only 4.2%.

And the gross salary is 457$ monthly.

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WHY CHINA IS DEVELOP?

CHINA is develop country due to followingreasons:

INDUSTRIALISATION

OPEN MARKET ECONOMY

INTERNATIONAL COOPERATION

ECONOMICAL STABILITY

IMPORT AND EXPORT

SCIENCE AND TECHONOLOGY

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CHINA is largest exporter it exports electrical

machinery, equipments, textiles, iron and

steel etc.

China export about 1.904$ trillion.

China is second largest importer also, it

imports minerals fuels, metals ores, chemicals,

oil etc.

China imports about 1.743$ trillion.

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China was world leader in science and

technology.

That is why technology is very much

responsible for its continuous economic

growth .

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THANK YOU