Economic Growth of China and Major Challenges Faced

Questions

Questions.........................................................................................................................................1
1. Economic growth of China and what are the three major challenges which China facing
today............................................................................................................................................1
2. Evaluate that how globalization generate demand for resources which contribute to the
likelihood of war and hinder development..................................................................................4
REFERENCES................................................................................................................................7

Questions
1. Economic growth of China and what are the three major challenges which China facing today
China's economy expanded significantly faster than in the post - independence period and
prevented large global shocks for even the most part. From 1979 to 2018, China's yearly real
GDP growth was 9.5 per cent. It indicated that every 8 years on averages China has been able to
boost the output of its economy in absolute terms. The global economic slowdown that started in
2008 had a considerable effect on china (Current Challenges which China Face, 2020). In early
2009, China's media announced that 20 million migrant workers had arrived home after losing
their jobs following the global financial crisis and that actual GDP growth plummeted to 6.8 per
cent year-on-year in the fourth quarter of 2008. The Chinese government replied by introducing
an economic stimulus plan of $ 586 billion, primarily aimed at financing infrastructure and
easing monetary policy to boost bank lending.
Figure 1Chinese Annual Real GDP Growth: 1979-2018
Above statistics represent the GDP growth of China from 1979 to 2018, it is clearly
observed that after 2008 financial crises, GDP rate decrease and take enough time as well as
1