China economy transition

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Re: China economy transition

Post by Renee CAO Lei on Thu Oct 15, 2015 2:50 pm

China has a complex domestic reform agenda ahead if it is to shift to a more sustainable growth model and transition from a middle- to high-income country. It will need to manage the contradiction between market and command elements of the economy, and overcome the unemployment rate. The challenge for the Chinese economy is not about the speed, but about the structure, we need to grasp the good times of medium-speed growth to realize breakthroughs in key reforms.

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Re: China economy transition

Post by tangney on Thu Oct 15, 2015 7:32 pm

In my opinion, the biggest challenges is the rigid political system which slows down the process of reformation and transition of economic. But we are pleased with the plan of reform provided by this current government. About the opportunity , i think the china have the resource accumulated past years to transition, of cause,new technology give us a good tool to catch up with and surpass developed country in less time.

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Re: China economy transition

Post by Fan Lele(Laeticia) on Fri Oct 16, 2015 5:25 am

Undoubtedly, innovation has a key role to play in this transition period. According to my observation, there are a few ways for companies to enhance its innovation capability for many Chinese companies.
1. Merger companies in the same business field to reach a bigger scale. Economy of scale can sometimes lead to cost innovation and achieve cost leadership in the global market.
2. Collaborate with or even acquire companies with more advanced global technology can quickly build up technology and enhance capability for innovation.
3. Work with universities and institutions. This would be a very important source of innovation for industries that require fundamental theory such as pharmaceutical industry.

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Re: China economy transition

Post by Summer(Zuo Congcong) on Fri Oct 16, 2015 5:46 pm

I think China is undergoing the economy transformation for years, and it occurs differently in different layer cities. Like in Shanghai and Shenzhen, the transformation is at the pioneer level, the service sector of the economy is important than industrial sectors, and the awareness of creative education, of environment protection , of efficiency productivity is more and more important and popular. In the other hand, in some third of forth layer cities, changes are slower.Government and the whole society should pay more attention to the areas lack of talents, to help them follow up the upgrading trend. Otherwise, the big gap is really the potential risk for whole society.

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Re: China economy transition

Post by amandazheng on Fri Oct 16, 2015 6:13 pm

The economic growth of China in the last 30 years has been described as remarkable, spectacular and is incomparable by any other country in the world. China has own the second largest economy after decades of rapid growth. However, when income grew throughout the country with low unemployment rates, steadily for a sustained period of time, it brings about a transition in the economy causing rapid growth rates slow down. Around 50% of Chinese stock market financial asset value, trillions of dollars vanished since July. This is a clear sign of an inevitable transition, which indicates that the economy is gradually diverging from its investments, leading to a more consumption-oriented economy. China is not only the second largest economy in the world, but also the biggest market in the world with over 1.2 billion people, and is surrounded by highly populated developing countries like India, Indonesia. As of yet, very few countries can compete with the affordability of Chinese products. China still got one of the world's most dynamic economies with undeniable growth potentials, and it still has a long way to go in its transition to achieve a more healthy and sustainable economy.

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Re: China economy transition

Post by JennyWu on Sat Oct 17, 2015 10:10 am

In my opinion, China has already tranformed to market-driven business modelling. The top priority is to slove various contradictions between the local policies and market needs, the demands of local companies to step outside and outdoor ones step in.

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Re: China economy transition

Post by AdamWang on Thu Sep 22, 2016 12:37 pm

we could consider this for below parts:

Previous situation: Chinese prefer to face to face to call out questions/problem rather than online, first of all, Economy did not built the trust for lots of users, and it was very fleash for everyone to understand how it could be safe or convenience than offline, and in our prior view, the traditation way think is more solide.
Current situation: with the delevoping of socity, we make our life, job more speed, Economy should be a good way to say "fast", and more convenience. BTW, more and more people choose to contract with network, and the big environment force everyone to know: Ecomomy life is coming.
Future assumption: Technico would be more advance which means human are trying to fix their life mroe easy, but how to connect everything? the answer can be Economy! that's why we need to pay more attention on it so far, and it would be not so long to see the economy century.

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Re: China economy transition

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