Economies of East Asia China called as “China Rules”

Running head: ECONOMIES OF EAST ASIA
Economies of East Asia
Name of the Student
Name of the University
Author’s Note

1ECONOMIES OF EAST ASIA
Table of Contents
Introduction......................................................................................................................................2
Part 1................................................................................................................................................2
Part 2................................................................................................................................................5
Part 3................................................................................................................................................6
Conclusion.......................................................................................................................................8
References........................................................................................................................................9

2ECONOMIES OF EAST ASIA
Introduction
The present study provides an overview on the economies of East Asia. The first part of
this paper focuses on the important factors that contribute to development of China. This section
highlights on the recent series on China called as “China Rules”. The second part of this paper
discusses about the things that Asean must do for navigating the perilous times. This segment
reflects on how deeper economic integration and greater unity can aid to overcome challenges.
The third part of this study explains about the image that focuses on slowdown of Japan
economy and it’s drastically ageing population. This section also explains about the impact of a
policy based on the assumption that China is highly aggressive in asserting it claims to the island
in the South China Sea.
Part 1
At present, China is the second- biggest economy across the globe. The poverty rate of
this country declined over the last few years. This country succeeded by making its own
framework and freed their people for spending money. Over the years, the leaders have led
China out of chaos of Cultural revolution under the idea that people might make more money
(nytimes). The entrepreneurs of China flocked to SEZ (Special Economic Zones) especially
where they paid less taxes and create their own decisions. Even Beijing pushed the state- owned
enterprises to become leaner and smarter, which in turn led to layoffs of several workers. Since
China needed huge growth, it joined WTO (World Trade Organization). However, it boosted the
foreign enterprises to invest huge amount in the nation. After this nation’s entry in WTO, the
total exports have doubled in last three years. The foreign direct investment increased at high rate
and global manufacturers moved their whole operations to this country. Cheap products of this
country ushered in lower prices, which in turn increased the total number of industries. It led to

3ECONOMIES OF EAST ASIA
liberation of Chinese and motivates the desire of people and stimulates strength masses as well
as provides opportunities for common people to enhance their standard of living.
After US opened its door to China’s entry in WTO, economic integration has brought
about freedom in the nation. Liberalization of China economy has led to liberate the people’s
potential. Chain also began exporting the products to other countries, which in turn lowered the
cost of products in other countries (nytimes). As China opened its markets, it created several
barriers which hobbled international competitors as well as favored its companies. On the
contrary, China’s economic aggression has threatened technologies as well as intellectual
property of the companies across the globe. However, doing business in this nation has become
harder after this economic aggression. Overall, the competition between China and other
countries increased over the years.
China’s reach for its commercial expansion guides array of the Chinese undertakings
from the rail networks to the power stations in Eastern Europe. China has invested huge amount
of money in the infrastructure projects in several other countries. In offering huge financing for
the infrastructure projects, this country has positioned itself as alternative to development funds
of European Union. At present, China has also made investment for future that led the innovative
sectors with brainpower as well as money. Beyond money, China also projects its power through
military build up. The maritime build up in China have provided Beijing effectual control over
heavily trafficked waterways. This in turn led to increase in opportunities and employment rate
of China. The rulers of China have controlled the society through nationalism, fear and
opportunity. The Chinese government has provided education as the way to social mobility and
thus unleashed private enterprises by reducing Confucian against merchant class. The China