China's Economic Miracle of the 2000s

7/26/2019 China's Economic Miracle of the 2000s

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China's Economic Miracle of the 2000s

Outline

Abstract

Life Expectanc

A!ult Literac

"en!er E#ualit

A$era%e &alar

eer Consumption (ate

Mobile Internet ) Internet Co$era%e

*nemploment (ate

In$estor Acti$it

Consumer Acti$it


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"D+ per Capita "ro,th

Conclusion

Abstract

China !emonstrate! tremen!ous economics %ro,th that in turn impro$e! a set of

parameters such as life expectanc- a!ult literac- %en!er e#ualit- a$era%e salar- beer

consumption rate- mobile Internet usa%e- etc. /he aforementione! parameters influence the

econom !ifferentl. or example- beer consumption %ro,th !oes not al,as in!icate the

economic %ro,th tren!. In comparison ,ith other %iants states such as In!ia- China !emonstrates

better economic performance an! impro$ement of $arious socioeconomic parameters. 1hile

comparin% t,o %iant economies such as China an! In!ia in terms of se$eral socioeconomic

parameters- China performs better !espite onepart political sstem. Democratic In!ia

!emonstrates lo,er economic %ro,th rate an! ,orse %en!er e#ualit situation- etc. 3e

macroeconomic in!icators are emploment rate- inflation rate- consumer acti$it- in$estor

acti$it- "D+ per capita.

"D+ per capita in China is almost fourfol! lar%er than in case of In!ia- thou%h the

population si4e of China an! In!ia are almost the same- 5.67 billion an! 5.62 billion- respecti$el

82059. China's "D+ per capita %ro,s faster than In!ia's one- as for 20552059 time perio!-

China's "D+ per capita %re, 6; percent- ,hile In!ia's "D+ per capita %re, onl 55 percent.

In!ia falls behin! China in terms of most socioeconomic parameters- an! onl beer consumption

rate in In!ia excee!s Chinese one- but beer mar


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percent. =ence- beer consumption rate is rather relati$e parameter that cannot be interprete! as a

!irect measurement of the national ,ellbein% le$el.

Life Expectancy

As for the life expectanc %ro,th- China !emonstrate! the most tremen!ous fiftpercent

life expectanc %ro,th in 5>;?5>@?- %ro,in% from 99 ears in 5>;? up to ;? ears in 5>@?-

,hile other lar%e counties such as the *.&. experience! stable t,opercent %ro,th in 5>;?5>@?

8i%. 5. In!ia experience! stable life expectanc throu%hout the t,entieth centur- unli9>. /he

population of European countries experience! the life expectanc %ro,th rate- #uite similar to

the *.&. %ro,th rate. /remen!ous economic transformation calle! Great Leap Forwardcause!

%iant chan%es from the social an! economic perspecti$es in China- le! b Mao e!on% in the

5>;0s. In!ian life expectanc is still 7 ears lo,er than in case of China an! 59 ears lo,er than

in case of the *.&. 8Life Expectanc in China- Europe- *&A an! In!ia.

Adult Literacy

A!ult literac in China has al,as been hi%her than in In!ia- >0B share an! ??B share-

respecti$el- as for 2000 8i%. 2. /he point is that Communist +art of China !eclare!

Communiststle e#ualit of all citi4ens- unli


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reache! >? percent- accor!in% to 1orl! an< statistics. As for the une#ual !istribution of literac

rate ,ithin China- almost 90 percent of the /ibetan Chinese are illiterate 8/russ. (emote

continental re%ions of in%hai an! "ui4hou ha$e more than 50 percent of the illiterate a!ult

population. /he lo,est illiterac rate is 5.97B in case of the eiin% population.

Gender Equality

/he lo,est rate of the female labor participation refers to mi!!leincome obs- ,hile hi%h

income obs are more ,i!esprea! amon% female emploees- ;6 percent an! @; percent-

respecti$el 8"en!er Data +ortal. Chinese female labor is less expose! to the unemploment

issues because the male labor unemploment rate is hi%her than the female one- ?.9 percent an!

6.> percent- respecti$el. In!ia's %en!er e#ualit parameters are #uite similar to Chinese ones.

emale labor enos better emploment rate in terms of hi%hincome obs in comparison ,ith

mi!!leincome obs- @; percent an! ;6 percent- respecti$el. In 2000- male ,or0 per month in 2009 up to 9-@00 (M 8FG;@0 per month in 2059 8Mei+ochtler.

A$era%e monthl pa in In!ia in 2059 comprise! about G70 8i%. 6- HIn!ia A$era%e Dail 1a%e

(ate. *nli


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,or>52059 8i%. 9- beer consumption rate in China triple!- from 70 million hectolitres

8hl in 5>>5 up to 2;; million hectolitres in 2009. eer consumption rate increase ob$iousl

in!icates the increase of ,ellbein% to some certain extent. As for In!ia- beer consumption rate

%re, almost fi$efol! in 2005205?- from 9;7 million liters up to 2-6;; million liters in 205?

8i%. ?. =o,e$er- correlation bet,een beer consumption an! "D+ %ro,th re$eals !iscrepanc

bet,een t,o parameters. /hat is to sa- increase of beer consumption !oes not mean "D+

%ro,th an! thus increase of stan!ar!s of li$in%. In!ia's "D+ shran< 5 percent in 2052- ,hile beer

consumption in 2052 nearl !ouble!- from @percent beer mar


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nearl fourfol!- from about 9 percent in 2052 up to 5? percent in 2059 8i%. @. +opulation of

In!ia %re, sli%htl in 20522059- from 5.2; billion people in 2052 up to 5.2> billion people in

2059. +opulation %re, 2.? percent in 20522059- an! mobile Internet usa%e %re, 2@6 percent-

nearl threefol!.

"nemployment Rate

China enos stable fourpercent unemploment rate throu%hout the 2050s- ,hile In!ia

mana%e! to !ecrease the unemploment rate from 50 percent in 2050 !o,n to @.6 percent in

2059- accor!in% to CIA 1orl! act oo< 8i%. 7. =i%h emploment rate automaticall means

better purchasin% po,er of population because emploe! a!ults can spen! more mone than

unemploment a!ults.

Consumer Activity

Despite onepart political sstem- Communist China outran !emocratic In!ia than-000G6;-000 8arton- Chen ) in. No,a!as- Chinese econom hea!s for the

establishment of profoun! mi!!le class ,ithin the frame,or< of the Communist +art a%en!a.

nvestor Activity

Chinese businesses acti$el in$est in the forei%n economies ,orl!,i!e- outrunnin% the

in$estor acti$it of In!ia. China accumulate! the *.&. /reasur bon!s- ,orth more than G5


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trillion 82059. In!ia bus far fe,er *& %o$ernment bon!s- ,orth G55@ billion 8Naa


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mana%e! to pro$i!e about 7? percent of entire population ,ith the Internet access- unli


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1or


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Appen!ix

i%. 5. Life Expectanc "ro,th in 5>?02500

i%. 2. A!ult Literac In!ia $s. China


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i%. 6. Dail ,a%e in In!ia- In!ian National Currenc

i%. 9. China beer consumption- in million hectolitres 8hl- 5>>52009


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i%. ?. In!ia beer mar


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i%. 7. In!ia: *nemploment rate from 2050 to 2059

China's Economic Miracle of the 2000s

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