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Essay / Research Paper Abstract
This 16 page paper examines the performance and trends in the Chinese economy, comparing it to the economy of Australia for the business purposes. The writer looks at GDP, trends, GNI per capita performance, important as exports between China and Australia as well as trade patterns and future implications of the current and past events. The bibliography cites 25 sources.
Page Count:
16 pages (~225 words per page)
File: TS14_TEastch1.rtf
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Unformatted sample text from the term paper:
entering the World Trade Organisation (WTO), the overtures appear to be backed up with commitment (Roberts, 2002). However, the opportunities and barrier to trade still exist, and with the US
remaining sceptical of the commitment to Free trade in China, it is fortunate that a great deal of the trade appears to be taking place on a more local level,
with projections that this will increase. Australia is a county that is also seeking to find new trading partners, and projections indicate that within the next twenty years China will
become Australia most important trading partner. If we consider the very different cultural and p[political backgrounds to these two, divergent countries, then we can consider if this is a merger
that could have been predicated, and if the increased trade will be a easy relationship, or if it will be fraught with difficulties. Whatever the situation, it is important to
Australian businesses that they understand the Chinese economy in great detail if they wish to enter that market and survive in it. The recent signing of a framework trade Agreement
between Australia and China may be seen as positive indication of these projections (China Business News, 2002). 2. The Economic Development of Australia and China. Where
trade is considered there are many concerns. The culture may be a barrier, but if the trade is to be an important partner, as is projected with China becoming Australia
largest trading partner, it is also vital to understand the economy cycles and any divergences between the two countries. If countries have similar economic cycles then trade may be
easier. However where the economic cycles are divergent this needs to be understood in order to maximise the domino effect when it is advantageous, and reduce its impact when there
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