Tuesday 19 July 2011

Implications of China's economic growth

There are many implications of China's rapid economic growth, I shall list a few:

  • There is a dependence on strong economic conditions and financial systems elsewhere to provide demand for exports, so if economic conditions change this can affect a large amount of people in China
  • With China's economy growing every day, the need for raw materials and energy grows, however as these are mainly finite sources such as oil, coal, natural gas there is not enough to carry on supplying large economies such as china over a long period
  • There are vast environmental problems that are almost sure to occur due to the large amounts of oil, gases, petrol etc being burned everyday

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