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Presented BySunil kumar
Mayank gupta
Anil kumar
HIMANSHU AGGARWAL
CHINA IS THE NEW CRONY
CAPITALIST OF THE EAST
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Introduction on crony capitalist
There is close relationship between business
people and politicians.
Crony capitalist originated during asian
financial crisiss of 1997.
In this govt do favortisim in distibution of
Legal permits Govt grants
Special taxes break
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Enterprise try to exploit a competitive
advantage through the use of govt.
And control over the market.
It often associated with corruption and effecteconomic development of nation.
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In China most of distortion are created by
state govt to give advantage to its own
companies.
Chinese system bypasses the middleman and
provide both profit and bribe to govt officials
who benefit them.
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In annual survey it shows that over 70% of
companies doing business in china said that
they are subject to regulatory discrimination.
And 30% felt that the problems had becomemore difficult over time.
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The country is run by the communist party.
And it suppress the individual rights.
Inequality is high & rising
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In China class system operates on several
levels
The country has at least 150 million people
who came from villages and work in the city.
And they dont have the rights to resident in
the city.
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There children dont get the same schooling as
local resident.
The city wants workers but dont want to
resident with them and pay for the education& health care of there families.
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Chinas richest
person is
tapped tobecome the
first private
entrepreneurto join the top
ranks of
Chinas
Communist
Party
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Local change to support economic
interest
Job creation and rapid economicgrowth
Influence and entrepreneur stronggroup
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Economic
Growth
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Economic Growth
From last two year the growth rate is slow
down.
Since 1979 growth rate of China is not so
impressive.
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From past two decade growth is not positive
enough.
China showing wrong structure to invite
foreign companies.
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Comparing China with India in
six majorindustrial sector.
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GDP AND GROWTH RATE
Nominal GDP is 7.29$ trillion.
And GDP by PPP is 11.29$ trillion.
Growth rate Is 9.2%. Inflation rate Is 4.5%.
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China is huge country, it covers approx
96,00,000 km2 area.
China is second largest country by nominal
economy.
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EMPLOYEMENT
As we all very well aware that CHINA is
develop country, and the percentage of
unemployment is only 4.2%.
And the gross salary is 457$ monthly.
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WHY CHINA IS DEVELOP?
CHINA is develop country due to followingreasons:
INDUSTRIALISATION
OPEN MARKET ECONOMY
INTERNATIONAL COOPERATION
ECONOMICAL STABILITY
IMPORT AND EXPORT
SCIENCE AND TECHONOLOGY
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CHINA is largest exporter it exports electrical
machinery, equipments, textiles, iron and
steel etc.
China export about 1.904$ trillion.
China is second largest importer also, it
imports minerals fuels, metals ores, chemicals,
oil etc.
China imports about 1.743$ trillion.
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China was world leader in science and
technology.
That is why technology is very much
responsible for its continuous economic
growth .
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THANK YOU
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