CHINA IS THE NEW CRONY CAPITALIST OF THE EAST

Presented By Sunil kumar Mayank gupta Anil kumar HIMANSHU AGGARWAL

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

 Enterprise try to exploit a competitive advantage through the use of govt. And control over the market. It often associated with corruption and effect economic development of nation.

 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.

 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 become more difficult over time.

 The country is run by the communist party. And it suppress the individual rights. Inequality is high & rising

 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.

 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.

 Chinas richest person is tapped to become the first private entrepreneur to join the top ranks of Chinas Communist Party

 Local change to support economic interest Job creation and rapid economic growth Influence and entrepreneur strong group

Economic Growth

Economic Growth
From last two year the growth rate is slow down.

Since 1979 growth rate of China is not so impressive.

 From past two decade growth is not positive enough.

China showing wrong structure to invite foreign companies.

Comparing China with India in six major industrial sector.

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%.

 China is huge country, it covers approx 96,00,000 km2 area. China is second largest country by nominal economy.

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.

WHY CHINA IS DEVELOP?

CHINA is develop country due to following reasons: INDUSTRIALISATION OPEN MARKET ECONOMY INTERNATIONAL COOPERATION ECONOMICAL STABILITY IMPORT AND EXPORT SCIENCE AND TECHONOLOGY

 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.

 China was world leader in science and technology. That is why technology is very much responsible for its continuous economic growth .

THANK YOU