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Flashcards in China, NICs Deck (11)
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1

How much has the GNI per capita rose from since 1978-2010?

$180 in 1978 to $2940 in 2010

2

What is the economy growth rate per year?

10%

3

Since 1978, what has led to economic growth?

Economic reforms and changes in government policy

4

The government encouraged imports and exports by reducing tariffs and taxes, what impact did this have on exports?

Exports rose 19% per year between 1981 and 1994

5

Greater investment in education led to...

A workforce that is more attractive to TNCs

6

Greater investment in infrastructure...

Made it easier for manufactures to operate

7

In 1978, the Chinese government began moving from a centrally planned economy to what?

A market orientated system

8

Special economic zones encouraged what?

Foreign companies to set up manufacturing plants in return for preferable tax rates

9

How many cities did the government designate as open cities?

14

10

Name 3 problems with the growth in China...

Unemployment has grown
Poverty led to massive rural-urban migration
Environment is deteroriating

11

China is the 2nd largest...

Economy
Trading nation
Importer of goods