We’ve talked frequently about what we see as the intelligence and vision of the Chinese leadership when it comes to overall economic policy.
Indeed, this past week, we ran a significant Feature Analysis that analyzed ways in which they may be achieving a fundamental re-orientation of the economy:
Airports has become a way of life in today’s fast paced world. China airports assumes considerable significance as the number of travellers to this country has increased rapidly.
The main Chinese airports are listed below:
Beijing Capital Airport (Airport Code PEK): Known as China’s largest and busiest airport, it is controlled by Civil Aviation Administration of China (CAAC). Some facts of Beijing Capital Airport:
China’s central budget is prepared annually by the Chinese Ministry of Finance. Provincial budgets are also prepared by the local government. Both the budgets are presented in March, but before revealing the final figure to the public, the budgets are ratified by the National People’s Congress and local people’s congresses. According to the country’s budget law, even the plan of adjustments and final accounts are approved by the Standing Committee of the National People’s Congress and the local congresses before the final presentation.
Inflation in China soared during the 1930s and 1940s, when the country’s economy became highly unstable. The economic scenario worsened due to a civil war in the late 1940s. Food prices soared and hit purchasing power. In the early 1950s, the government implemented a series of recuperative measures, such as currency reforms, nationalization of banking institutions and the strict regulation of product prices and money supply. These policies continued till 1978. Owing to this, China succeeded in achieving record breaking price stability.
For people who are fluent in Mandarin, China investment is easier and more profitable.
“There’s much more to the Chinese economy than in the 1990s,” said the manager of the Guinness Atkinson China & Hong Kong Fund, Edmund Harriss. According to Harriss, foreign investment has a major role in the growth of a country. The communist government is increasingly opening its doors to free markets, as well as privately owned businesses.
China, the new superpower, is rapidly growing its consumption of the world’s natural resources. In Africa and Central Asia, the country is exploring oil fields. It is searching for gas in Burma, constructing hydropower units in Mekong, exploiting minerals and coal in Australia and destroying forests in the Indonesia. China’s massive appetite for raw materials is taking a toll on nature, causing massive environmental damage and helping to push the planet’s ecological system to the limits.
According to the 2008 estimates by China’s National Bureau of Statistic, the total number of the urban unemployed was 8.30 million. The country’s total unemployment rate stood at 4.0%.
Year-on-year estimates of China’s unemployment rate
