Question

What are three reasons why people living in emerging markets might want to follow in china’s economic footsteps? What has china accomplished in recent decades?

Answer 1

People living in emerging markets might want to follow in China's economic footsteps because of China's shift to a market economy, the development of special economic zones, and its integration into the global economy. China has achieved significant economic growth and become the world's second-largest economy due to its economic reforms and policies.

Step-by-step explanation:

There are three reasons why people living in emerging markets might want to follow in China's economic footsteps:

1. China's shift from a command economy to a market economy has led to rapid economic growth and development. This transition has attracted multinational corporations, resulting in job opportunities and increased standard of living for the Chinese people.
2. The creation of special economic zones (SEZs) along the coast and an open-trade policy have helped develop China's manufacturing sector, making it a global manufacturing hub. This has allowed China to tap into the low labor and overhead costs and receive tax incentives, attracting foreign investments and boosting the economy.
3. China's integration into the global economy has provided access to international trade and investment opportunities. By following China's economic model, emerging markets can benefit from increased foreign trade and investment, leading to economic growth.

Answer 2

Step-by-step explanation:

Economists generally attribute much of China's rapid economic growth to two main factors: large-scale capital investment (financed by large domestic savings and foreign investment) and rapid productivity growth. These two factors appear to have gone together hand in hand.

China's slow road to economic recovery after dropping its zero-Covid policies. These characteristics make China an emerging market in traditional economic analysis.

China's equity market itself is around a third of the global emerging market index, so an investor who buys an emerging markets equity tracker fund is also invested in China. Chinese economic growth may be the more important emerging market economic growth this year.

China has emerged as a global economic superpower in recent decades. It is not only the world's second largest economy and the largest exporter by value, but it has also been investing in overseas infrastructure and development at a rapid clip as part of its Belt and Road Initiative