What has happened economically in China during the past twenty-five years?
What has happened economically in China during the past twenty-five years?
Homework Answers
Past 25 years have been extremely fluctuating with Chinese economy. Since 1997 Asian financial Crisis and 1999 Dot Com Boom, Chinese economy plunged to an alltime low and bounced back after 2003 which it saw unprecedented growth due to Chinese Renmbibi devaluation and liberalization of trade. The Current Account Surplus soared to highest levels with Chinese economy amongst best performung basket currency till 2011. Post which till 2p14 saw highest GDP growth year on year and claimed as largest economy in world by 2018 at valuation of 23Trillion Dollars.
The Chinese economy saw another round of devaluation arlund 2015 and 2016 and largely exported as well as large scake industrial production was witnessed till mid 2016 which led highest corporation debts. Albeit economic growth maintained steady performance near 6-8%.
Post 2016 end till Date Chinese economy has remain stagnant in growth due to slump in manufacturing activities and excessive snactions by USA. Also the effects of Brexit and Donald Trump Administration have hindered the growth of Chinese Economy Till date.
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What has happened economically in China during the past
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