The People's Republic of China, more commonly known as China is over 9.6 million square kilometers and accounts for more than one fifth of the global population.
China is also a demographic giant as this country has more than 1.3 billion people. Beijing, the capital of china, is one of the most densely populated cities in the world.
During the first 18 centuries, China was an undisputed superpower; a nation that had achieved great technical advancement. In the twenty-first century, China attracted economists from all over the world.
According to Jeffrey Sachs, one of the most prominent economists at the moment, China is resurfacing as an example of the greatest achievement of development that the world has ever known.
[...] Then again, the country is becoming a nation of innovation and technology, and devotes the second highest investment in terms of global spending on research and development, which is effectively twice as much as France. However there are only 200 patents applied for as opposed to the yearly figure of 200,000 patents for the United states. China is preparing for the future by developing a more qualified work-force that will be capable of producing better technology, but at present is still the world's workshop. [...]
[...] The Olympic Games 2008 provided and opportunity for them to project the image of a country in flux. China showcased its adaptability to the world as well as its ability to organize a global event as good as or better than the countries that have hosted this competition before it. China: A country of opportunities Like all countries experiencing an industrial revolution, China offers various opportunities. In recent times, China is recognized for the availability of cheap labor The expenditure on labor is up to 30 times lower than some industrialized countries such as France. [...]
[...] The influence of China on the international market is a benefit to the consumer who can take advantage of low prices as priced of all product have plunged in an effort to remain competitive with the Chinese suppliers China and America are poised to rule the world markets in the future in similar ways, but there is currently a profound economic imbalance between these two world powers., While America is witnessing a decline it is still powerful and boasts of a higher standard of living than China. [...]
[...] China attracts so many companies not only as a low cost alternative, but mainly to satisfy the local market, which is emerging as one of the most dynamic markets in the world. With over one billion new customers, purchasing power is also a source of strength for the Chinese economy. This market has the potential to become a priority target for many businesses, in the years to come. China: Threat While China presents itself as a market that is a source of profits for any enterprise, any policy decision needs to be with respect to its presence in the market. [...]
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