Jocelyn F. Smith
Global Operations and Strategy
School of Professional Studies
Professor: Emilio Iodice
It is hard to deny a country economic growth that has increased 9.3 percent in one year. China has made great contributions in growth to its income per capita, much faster than any other region in the world. This is a good move for a large country with a large rural population. China rural poverty population has decreased by a big margin. "According to China's national poverty line, rural poverty population has dropped from 250 million in 1978 to 28.2 million in 2002, decreasing by 88.7%. Poverty population has averagely decreased by 9.24 million per year. (Angang, Linlin, Zhixiao, 2004). The cost of living per capita per day is below $1.00, the World Bank estimates. China is the country with the largest population and has the largest poverty population, making unprecedented achievements in poverty reduction. The relationship between economic growth and poverty reduction is not simplistic. It is not the rate of economic growth but the quality of economic growth that actually plays an important role. Since the 1990s, the economic development of many developing countries, especially that of east Asia demonstrates that although economic growth plays an important supporting role in social development, rapid economic growth will still produce deconstructive effects on environment and resources. China's economic growth has tightly connected the country's development with the rest of the world in terms of expanding trade and investment ties. China has expanded as a market for raw material and component products from other countries and region. There growth has also increased their domestic markets that are now estimated to include up to 100 million middle and upper income (people earning $7,000 per year).
China has experience the largest population removing in the world since the policy of reform and open-up was carried out. This allowed population transference, in China case has transferred household from agricultural population to non-agricultural population, directly for recruiting personnel for employment from rural areas, such as graduates of junior college, technical secondary school, professional personnel, etc. Despite a low level of economic development, a large population, and considerable cultural and geographical diversities, China has made substantial achievement in education of its people since 1949. The development of China means opportunities to the world. Today's China is rapidly changing promise land. The development of China contributes to regional and world peace and stability and brings about vast cooperative opportunities and actual benefits. To quicken steps in its modernization endeavor and build on its developmental potentials. "China now is focusing its attention on the implementation of the national strategy of rejuvenating the nation through science, technology and education so that the huge population pressure could be turned into rich human resources." (Xiaoya, 2005). A highly educated population will contribute even more to the prosperity, peace and development of the world. Today, in China, education is still an important and effective way to raise one's social and economic status. Success in school, especially if one can pass the national university entrance examination, and then graduate from university, means that he or she could expect a better career with security and high income.
When Deng Xiaoping took the reins of power in China in the winter of 1960, he decided that the country's leadership could safely make economic growth their primary goal. "Deng recognized that to meet the goals of modernization it was necessary to develop science, technology, and information science, and advanced management expertise---were levied as a result of the reform of the economic structure and the emergence of new...