History of china's economy

1. Economic Rise of
China and its
Consequences
Banjo Niyi

2. China : some
information (2013)
 Complete name : People's Republic of China
 Population : 1,368 billion inhabitants
 Area : 9.561.000 km²
 Head of state : Xi Jinping

3. 但什么 经济 ?!*
* But what about economy ?

4. I) The China rise :
History and current
situation

5. Historical review
 Centrally planned economy, Mao Zedong (1949-
1979)
 Beginning of socialist market economy, Deng
Xiaoping (end of the 1970's)
 WTO in 2001, a symbol
 2008 : less affected
 2010 : 2nd economic powerhouse

6. Before 1979
 Collectivist agriculture
 Limits put on companies
 Economical failure

7. After 1979
 First stage
 De-collectivisation of
agricultrue
 Trade&Foreign Inv
 Less barriers on
entrepreneurship
Second stage
 Privatisation
 Lifting of price control
 Protectionist policies

8. Agriculture
Industrial sectors
Trade & Foreign Inv
Infrastructure
Government finances
Key ideas

10. Increasing wheat production

11. China : a socialist market
economy
 Economical liberalism & authoritarian
political system
 Different kind of companies : state
owned ; state holding ; private ;urban
collectives

12. Chinese economical
situation
 Unemployment rate (2013) :
4,1% (IMF)
 GDP (2013) $9181 billions
(IMF)
 Growth : 7,7% (IMF)

13. Chinese economical
situation

14. Trade & Partners
 Balance of trade : $182
billions (2013, IMF)

15. A weak currency
 1€ = 6,62 renminbi
 1$ = 6,25 renminbi.
 Advantage in trade : exports are
supported
 Currency impossible to convert

16. II) Consequences

17. Incomplete transition to
market economy
Over dependance on export
and fixed investment
Banking system
Growing pollution
Corruption
Challenges for
China

18.  Huge Chinese demand of raw
materials
 Increasing prices ?
Consequences on
global demand

19. Consequences on
global growth
 China is supposed to help global
growth
 But new orientated economy (2011)
 Another theory..

20. Consequences on
global supply
 Cheap and large work force & weak
currency
 Higher competition
 But closed domestic market (technology
transfer)

21. Consequences on
currency & debts

22.  Biggest amount of greenhouse
gases in the world
 In the Kyoto Protocol but...
 Agreement with the USA (end
of 2014)
Consequences on
the environment

23. Consequences on global
politics
 A new world ?
 A new system that is working ?

24. Thank you for
your attention !