Introduction to Chinese Culture Research Paper Example | Topics and Well Written Essays - 1500 words

Introduction to Chinese Culture - Research Paper ExampleGuthrie attributes Chinas economic development to three key policies that have been monumental in ensuring China engages in the worldwide prudence through both internal and external operations as explained in the exposition of the policies in the proceeding sections of the paper.According to Guthrie, the exportation-oriented coastal development strategy enabled China became the third largest trading economy in 2004 with shell out totals of $ 1.16 trillion (Guthrie, 2009). The policy also has been monumental in allowing for increased foreign direct enthronisation (FDI) and liberalization of the internal markets allowing for access to new technology and understanding of management practices from developed countries. The creation of an export strategy was done by making the construction of new national and international institutionsThe Chinese organization created special economic zones including Pudong, Zhongguancun, and Shen zhen allowing both international and domestic firms to access tax incentives among other benefits for specific types of coronation in China. The special economic zones were established in 1980 in Fujian, and Guangdong provinces allowing for augmented FDI and expand foreign trade under the leadership of Zhao Ziyang (Guthrie, 2009). The coastal development strategy allowed for autonomy in the export trade by the coastal regions areas including Fujian, Guangdong, Guanxi, Hainan, Hebei, Jiangsu, Liaoning, Shandong, Beijing, and Shanghai. The policy also allowed China to solve unemployment of rural surplus labor and provided income for industrial enterprises.The advantage of the coastal development strategy is evidenced by the growth of Chinas export economy by 27% between 1988 and 2005 with 26% growth in imported goods.