Economics. China: Emergence, Implications, Challenges

Economics. China: Emergence, Implications, Challenges Assignment

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The quantitative changes in China’s labor market are characterized by demographic transition and post-industrialization periods.

…Yes, there is evidence that China has reached Lewis Turning point (LTP).

China export basket includes sophisticated products and labor that contributes to more income-per-capita and such is consistent with the country’s comparative advantage.

…China has replaced East Asian neighbors and advanced countries in exporting high-tech commodities.

Concerns with China’s trade include the twin surplus concept, the use of protectionism that disadvantages other economies, and lack of implementing the world trade organization policies.

The twin surplus concept is problematic to the economy as it allows investment funds to be located to another country.

…The China’s Current Account (CA) is caused by the open door investment policies, reduced imports, and the WTO factor.

The main cause for China-Australia relationship is driven by China’s demand for energy and minerals that are critical for production.

China’s source of economic growth includes physical and human capital, labor, and Total Factor Productivity (TFP).

The imbalance of China’s economy is influenced by the changes in expenditure and sources of growth as well as consumption, and investments.

…China is vulnerable to future challenges and risk falling into the middle-income trap.

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