China “Our Friends of the Orient”

1. China“Our Friends of the Orient” Background Current Situation International Aspects Special Problems Ryan Logas, Brian Butler, Pamela Ow, Michael Rice, and Steven Daines The Future

2. Background Samurai's in SpaceA Brief History of China Current Situation International Aspects Special Problems The Future Population People Political

3. Background China’s Economic Transformation Current Situation International Aspects Special Problems Communist Centrally Planned To Bureaucratic Market Economy The Future

4. Goals for Economic Reform Background Current Situation International Aspects • change the mechanism of resource allocation • market plays a critical role in the allocation of resources Special Problems The Future

5. Deng Xiaoping Background Current Situation • General Secretary of • Communist Party of China • from 1956-1867 • Chairman of the • Central Military Commission • from 1981-1989 International Aspects Special Problems The Future

6. Jiang Zemin Background Current Situation • General Secretary of the • Communist Party of China • from 1989 to 2002 • Chairman of the Central • Military Commission • from 1989 to 2004. International Aspects Special Problems The Future

7. Hu Jintao Background Current Situation • General Secretary of • Communist Party of China • from 2002-Present • President of the • People’s Republic of China • from 2003-Present International Aspects Special Problems The Future

8. Improvements since Deng Background Current Situation • Economic Freedom • Economic Wealth • Chinese people have more political power • Foreign trade and investments • Legal reforms initiated International Aspects Special Problems The Future

9. Improvements since Deng Background Current Situation • China renewed its membership with the IMF and the World Bank. • China gained admission to the WTO, and officially joined on December 11, 2001 International Aspects Special Problems The Future

10. At Present Background • Reform of state-owned enterprises (SOEs) has been far from satisfactory • the old system (CCP) maintains its influence • Gradual improvement • continues to impede the establishment and perfection of the new market economic system Current Situation International Aspects Special Problems The Future

11. Current Problems Background Current Situation • failure to carry out market-oriented reforms • ensure that growth rates are sustainable over a long period • Prevent hard-landing International Aspects Special Problems The Future

12. Hard-Landing Impact Background Current Situation • Asian Economies • America • Europe International Aspects Special Problems The Future

13. CHINA’S BOOM Background Current Situation • third-largest producer of manufactured goods in the world • biggest building boom in history • status in the international economic and trading system steadily advancing • international recognition gain International Aspects Special Problems The Future

14. International Aspects Background Current Situation • Trade Organizations • World Trade Organization • Asian Free Trade Possibility • Trade with China (United States) • Investment in China International Aspects Special Problems The Future

15. World Trade Organization Background • After 15 years of arduous effort to join, China joined the WTO officially on December 11, 2001 • They became the 143 member of the WTO • Mike More President of the WTO said “International economic cooperation has brought about this defining moment in the history of the multilateral trading system.” • China will provide non-discriminatory treatment to all WTO Members. All foreign individuals and enterprises, including those not invested or registered in China, will be accorded treatment no less favourable than that accorded to enterprises in China with respect to the right to trade. • price controls will not be used for purposes of affording protection to domestic industries or services providers. Current Situation International Aspects Special Problems The Future

16. Asian Free Trade Possibility Background • A region-wide free-trade area is a realistic goal, an Asian Development Bank (ADB) official said • Domestic economic issues make up a key impediment to a common Asian market and thus it would be "very difficult for them to fully open up their markets." Current Situation International Aspects Special Problems The Future

17. Trade with China : 2006All Figures are reported in millions of dollars Background Current Situation International Aspects Special Problems The Future

18. Background Current Situation International Aspects Special Problems The Future

19. Investment in China Background • China fast-growing economy • Capital markets have proven disappointing for foreign investors • Local stock markets are very volatile • Only few investors are allowed to invest by the government Current Situation International Aspects Special Problems The Future

20. Background Current Situation International Aspects What are some problems facing china? Special Problems The Future

21. Background China needs to overcome Current Situation International Aspects • Trade imbalances • Lack of natural resources • Poverty Special Problems The Future

22. Trade Imbalance Background • Imbalance between production and consumption • Excess production exported to United States • Deficit spending by united states • Recession would cause china to have more than they can consume • Non-serviceable loans Current Situation International Aspects Special Problems The Future

23. Lack of Natural Resources Background Current Situation • Unsustainable rate of consumption • Available water is 1/3 world Average • All concentrated in Northern China • Environmental damage • Pricing policies International Aspects Special Problems The Future

24. Poverty Background Current Situation International Aspects • Cut off from market system • Rural communities • Ethnic minority Special Problems The Future

25. Important Issues for Future Background Current Situation International Aspects • Growing Economy • Trade Imbalance • Housing Bubble • Energy • Environment Special Problems The Future

26. Growing Economy Background Current Situation International Aspects • Raging Economy • Municipalities are ignoring national officials Special Problems The Future

27. Background Current Situation International Aspects Special Problems The Future

28. Trade Imbalance Background Current Situation International Aspects Special Problems The Future

29. Background Housing Bubble Current Situation • Skylines are forming almost overnight International Aspects Special Problems The Future

30. Energy in China Background Current Situation 80% of China’s electricity comes from coal. International Aspects Special Problems The Future A Chinese coal miner

31. Three Gorges Dam Background Current Situation International Aspects Special Problems The Future

32. Environment in China Background Current Situation International Aspects Special Problems The Future Traffic in Beijing

33. Background Current Situation International Aspects Special Problems The Future

34. Background Current Situation International Aspects What is your future? Special Problems The Future