china crony captilism

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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