China History and Today

China History and Today

• 1.
  China Economy ina GlanceShane Zhang
• 2.
  A brief historyof China - QinGreat WallFirst EmperorQin221BCHan100BCTang618Song960Yuan1279Ming1368Qing1644ROC1911PRC1949
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  A brief historyof China - HanGolden age.China's majority ethnic group refers to itself as the "Han people".Silk RoadTrade route connecting ChinaAnd EuropeQin221BCHan100BCTang618Song960Yuan1279Ming1368Qing1644ROC1911PRC1949
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  A brief historyof China - TangMost prosperous timeTang exerted a powerful cultural influence over neighboring states such asKorea, Japan, and VietnamQin221BCHan100BCTang618Song960Yuan1279Ming1368Qing1644ROC1911PRC1949
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  A brief historyof China - SongAge of inventionQin221BCHan100BCTang618Song960Yuan1279Ming1368Qing1644ROC1911PRC1949
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  A brief historyof China - YuanConquered byMongolQin221BCHan100BCTang618Song960Yuan1279Ming1368Qing1644ROC1911PRC1949
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  A brief historyof China - MingForbidden cityQin221BCHan100BCTang618Song960Yuan1279Ming1368Qing1644ROC1911PRC1949
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  A brief historyof China - QingConquered byMan ChuStarting from 1840, Qing suffereda series of military defeats by western Powers due to Inferior technologyQin221BCHan100BCTang618Song960Yuan1279Ming1368Qing1644ROC1911PRC1949
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  A brief historyof China – 20th CenturyMaoThe last emperorvs. JiangQin221BCHan100BCTang618Song960Yuan1279Ming1368Qing1644ROC1911PRC1949
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  China TodayPopulation 1.3billion (expected to peak at 1.5 billion in 2030s)Growth rate .47% (156th)GDP $5.7 trillion (10% YOY, 2nd)Labor force: 800 million2010 FDI - $100 billionForeign reserve: $2.9 trillion (1st)
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  China GDP grew100 times during 30 years of economic reform39 Trillion RMB in 2010In 1995, the public sector accounted for 78% of GDP. In 2007, it went down to 37%.
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  Will China’s GDPovertake US?Assumption: China GDP grows at 8% CAGR, currency appreciate from 6.6 RMB/US$ to 5.5 RMB/US$ U.S. GDP grows at 3%
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  Cargo Transportation Industryin ChinaExport: $1.6 trillion (No. 1)
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  Import: $1.4 trillion(No. 2)
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  Ocean – Shanghaiovertook Singapore as world’s busiest container port in 2010. Seven out of the top 10 container ports are in China.
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  Air – HongKong (1st), Shanghai (3rd), Beijing (14th), Guangzhou (20th)
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  High Way –46K miles. About the same as U.S.Exchange Rate and TradeRMB pegged with U.S. dollardepeggingpeggingUnified official rate with black market ratedepegging
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  Emerging Middle Classpresents big market opportunity1st (14 million)1st2nd (65 million units)1st (40 million units)1st (800 mm mobile user)2ndCarHousingComputersLCD TVCell PhonesLuxury GoodsBillionaire 150
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  Economic locomotives ofChinaThree coastal regions account for 29% of China’s population,48% of China’s GDP, 75% of the foreign direct investment in China, and 84% of China’s international trade.
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  China GDP byProvince
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  ShenzhenShenzhen is thefirst city to open door to the west.
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  With rapid growthand modernization, Shenzhen grew to a population of 10 million people.
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  The export volumeranks the first in China for 18 consecutive years.Shanghai1997Shanghai was a fishing village near the Yangtze River until it was settled by foreigners after the Opium War in 1842. The city was then divided into concessions inside which countries had their own territory, outside the control of Chinese law. By the 1930s, many came to seek wealth while others sought refuge. It earned title "Paris of the East“
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  In 1990Shanghai opened its doors to the world and pronounced the Pudong New Area as a free trade zone.2009
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  BeijingBeijing has 2000year of history and serves as Chinese capital since 1403.
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  It is believedthat Beijing was the largest city in the world between 1425-1800.
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  In late 1990s,Beijing officials unveils the plan to build a Central Business District which will forever alter Beijing’s skyline.
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  2008 Olympic gamewas a huge stimulation to the local economy.Why Did China Grow So Fast?Being a poor country is a recent phenomenon for China. Historically prosperous before 1700. The growth in the past 30 year is explainable.Growth, growth, and growth, as the national focusPragmatic leadership: “Who cares whether a cat is black or white as long as it catches mice.”Industrious and relatively well-educated labor forceRelatively efficient bureaucracyHigh savings rate (over 35%)Integration with the world economy
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  How Long CanChina Sustain the Rapid Growth?For at least a decade or twoHundreds of millions of farmers are still underemployedIndustrialization will continueGrowth in services will continueInfrastructure growth will continueMuch of the growth in the past 30 years has concentrated in coastal regionsMore growth will be realized in the interior and in the western regions
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  Recent headline newson ChinaChina Overtakes Japan as World's Second-Biggest Economy - BloombergChina Leads World In High-Speed Rail Tracks - NPRIn PISA Test, Top Scores From Shanghai Stun Experts - NYTimes.comGoogle left China - CNETEvergreen Solar cutting and running to China -Boston Business JournalChinese dissident awarded Nobel Peace Prize – CNN