RRJ 5

Reference:

Chinadaily.com.cn. (2010, Oct 5). China, a developing nation with growing pains. Returned on 10/5/2010 Xinhua From :
http://www.chinadaily.com.cn/business/2010-10/05/content_11378550.htm


Summary:

According to the article, an Increase in the GDP of China over the past three decades and its success in overcoming the global financial problem increased the confidence of the people and urged them to work. Furthermore, China is not a developing country but It has become a developed country. The increasing the GDP of China is a warning for some countries, especially the largest countries, although its annual per capita income cannot be compared to that of other countries. Sheng Hong, director of the Beijing-based Unirule Institute of Economics, said China, in order to continue its growth, must avoid arrogance and become more modest.


Reaction:

In my opinion, major industrial countries could not overcome the financial crises in the last five years, except China, which turned this crisis in their favor to earn the respect of everyone, especially competitors. It seems that China is moving in the right way to sweep the international market, where it has full ingredients such as workforce, and it seems it can deal with financial crises and harnessed it to their advantage, as happened in recent years. However the crisis was a real test for China and the resilience of the base on which they depend.

RRJ 4

Reference:
Chinadaily.com.cn ( 2010, August 10). MORE CONCERNS THAN CHEERS,
Returned on Sep 14,2010 From http://www.lexisnexis.com/hottopics/lnacademic/?

Summary:
According to the article, China is more powerful than before because of its increasing economy. It does not matter whether China will be at the top of the world economy in the future, the most important things are the annual rate of growth and its currency exchange rate, however the annual per person income is less than they of the United States and European countries. China cannot be compared with developed countries in 2003, but the real estate activity in recent years hastened the rise of its economy. The question is, is the real estate activity a strong foundation to lead China to the top also, what can be hindering the progress over China is the concern of the difference between urban and rural in terms of income as well as nepotism and corruption and government interference in economic activity.


Reaction:
In my opinion, China is on the verge of a boom in its economy more than it was formerly. The reason is the huge number of the population. The population is the backbone of the economy of any country. They represent 20% of the world's total. What increases the chances of China to lead the world economy is distancing itself entirely from wars and internal stability. Also opening up between China and the big industrial countries has strengthened its expertise and this made her the second largest country in the world economically.