Jing Luo's Business and Technology in China (Understanding China Today) PDF

By Jing Luo

ISBN-10: 0313357323

ISBN-13: 9780313357329

Get an insightful, specialist examine the internal workings of China's enterprise international, highlighting the country's makes an attempt to advance the medical and technological base for a greener fiscal model.

• Charts and tables give you the most up-to-date statistics on China's financial system from quite a few authoritative sources

• presents an inventory of on-line assets for additional exploration of China and its economy

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Additional info for Business and Technology in China (Understanding China Today)

Example text

With the expansion of the economy, our people not only will raise their expectations on clothing, food, housing, transportation, communication, hygiene, and living environment, but also they will be more demanding with respect to cultural entertainment, broadcast and television, books, sports, physical rehabilitation, travel, and spiritual life. 5 CHINA’S MIDDLE CLASS The rise of the tertiary sector brought along a new social strata—the middle class. There are debates on how the middle class concept should be defined.

3 million units, making China the biggest auto market in the world. 9 As a result, Beijing will constantly keep an eye on signs of inflation for many years. Political tendencies of the Chinese middle class are certainly no less tempting an area of study to researchers than their shopping behavior. It is widely believed that the middle class is the standard bearer of democracy, freedom, and rule of law. In reality, however, it would be a mistake to equate the Chinese middle class to radical democratic revolutionaries who would strive to replace the CCP’s one-party rule with a multiparty government.

Chapter 2 Handling the Global Financial Crisis The devastation of the 2008–2009 global financial crisis on China’s economy is yet to be assessed. One could say with certainty, however, that the crisis has generated a broader and deeper devastation than the 1997–1998 Asian Financial Crisis. During the latter crisis, the Chinese government defended the economy by pegging the yuan to the dollar and simply safeguarding the renminbi valuation with force. This time, however, the government has to do more by setting up a stimulus package of 4 trillion RMB or US$586 billion.

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Business and Technology in China (Understanding China Today) by Jing Luo


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