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Industrial And Innovation Policy Of China
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Profile of China General Information Capital Beijing Population
1, million (2001) excluding Taiwan, Hong Kong, Macao Area 9.6 million square kilometers, next only to Russia and Canada Official Languages Chinese (mandolin) Currency Ren Min Bi Main Cities Shanghai ( The largest city in China with a population of 13 million), Tianjin, Dalian, Xian.... Government Form People's Republic, China ( socialist state under the people's democratic dictatorship) Head of Government President of the People's Republic of China Legislature National People's Congress Judiciary Supreme People's Court Political Division Communist Party of China, multi-party cooperation.
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Overview(1) 1966 the eruption of Culture Revolution(the most severe setback and biggest loss since the founding of China) 1978 the central government made the strategy decision :shifting the focus of work to socialist modernization and define the guiding policy and opening up to the outside world
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Overview(2) 1992 the goal setting to establish the system of socialist market economy(a major step was made in the reform of the pricing system, public finance,taxation,banking,foreign trade and foreign exchange and notable results were achieved) 1996 China’s economy realized “soft land”
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Overview(3) China’s GDP in 1997
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Key Economic Ratios(2002) GDP(US$billion) 1,232.7
Exports of goods and services/GDP 29.5 Gross domestic savings/GDP 44.0 Gross national savings/GDP 43.8 Current account balance/GDP 2.9 Interest payment/GDP 0.5 Total debt/GDP 12.6 Total debt service/exports 6.1
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Structure of the Economy 2002(% of GDP)
Agriculture 14.5 Industry 51.4 Manufacturing 44.5 Services 33.7
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Structure of the Economy 2002(% of GDP)
Private Consumption 42.5 General Government Consumption 13.5 Imports of Goods and Services 26.5
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Economic Zones Special Economic Zones(SEZ)
Economic and Technological Development Zones
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Special Economic Zones
Special Economic Zones (SEZ) Shenzhen, established in 1980 Zhuhai, Shantou Xiamen Hainan Island Special tax status favorable investment climate for foreign investors
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SEZ continued low wage, cheap land and convenient geographic location (water and air transportation) export tax waived import duties and other taxes waived after-tax profits to be repatriated without penalty decentralization of authority (red-tape reduced)
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Economic and Technological Development Zones
14 coastal cities more skilled and better educated work-force better communications better industrial infrastructure a tradition of commerce
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National distribution of science parks
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ZHONG GUANCUN SCIENCE PARK,BEIJING
LOCATED IN THE NORTHWEST PART OF BEIJING CENTER AREA :80 km2 DEVELOPMENT AREA:300 km2
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Highly Concentrated Human resourses
39 leading universities and 213 research institutes 400,000 on-campus students;100,000 graduates each year 11,000 high-tech companies;1,500 foreign funded
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Regulations on Zhong Guancun Science Park
Protecting the legitimate interests of the investors and the enterprises; Protecting IPR; Protecting the fair competition among the enterprises under market conditions.
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INTERNATIONAL TRADE Merchandise exports US$325.6bn, and imports US$295.2bn, surplus US$30.4bn.
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WTO Membership A huge potential market with 1,3 billion people
A better trade environment and fair disputy settlement mechanism Challenge and chance to Chinese enterprises
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The Problems in the Development
Unemployment Enlargement of the gap between the rich and the poor Corruption Entironment and energy Large population Lag of system reform
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Perspective of China’s Economy
Improvement of the quality of labor Institutional adaptation The opening to the world(the entrance of WTO) 2008 Olympic Games 2010 World Exposition
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The End XINXIN TAN ZHONG XIAO
Welcome to Beijing in 2008!! The End XINXIN TAN ZHONG XIAO
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