Comments on: China’s Influence Spreads Around the World http://welkerswikinomics.com/blog/2007/09/04/chinas-influence-spreads-around-the-world/ for students and teachers of AP and IB Economics Sat, 22 Nov 2008 06:57:48 +0000 http://wordpress.org/?v=2.6.3 By: Bryan Bock http://welkerswikinomics.com/blog/2007/09/04/chinas-influence-spreads-around-the-world/#comment-2646 Bryan Bock Mon, 10 Sep 2007 15:21:32 +0000 http://welkerswikinomics.com/blog/2007/09/04/chinas-influence-spreads-around-the-world/#comment-2646 When an economist looks back to China's trade history, they would see a vast difference in how much more open they are now. China used to isolate itself from the other countries like America, Australia, and Africa, but now China is trading with countries world wide. It's import and export has increased tremendously over the years. A lot of the products that people are using in their everyday life are made from China. This shows how much they are influencing the people of every country. Without China's productions, people would have a much different life. Countries take in exports from China because the opportunity cost of creating the product they want is less, thus, we rely a lot on China's booming economy. When an economist looks back to China’s trade history, they would see a vast difference in how much more open they are now. China used to isolate itself from the other countries like America, Australia, and Africa, but now China is trading with countries world wide. It’s import and export has increased tremendously over the years. A lot of the products that people are using in their everyday life are made from China. This shows how much they are influencing the people of every country. Without China’s productions, people would have a much different life. Countries take in exports from China because the opportunity cost of creating the product they want is less, thus, we rely a lot on China’s booming economy.

]]> By: Vivian Chen http://welkerswikinomics.com/blog/2007/09/04/chinas-influence-spreads-around-the-world/#comment-2640 Vivian Chen Mon, 10 Sep 2007 12:53:20 +0000 http://welkerswikinomics.com/blog/2007/09/04/chinas-influence-spreads-around-the-world/#comment-2640 China's economy is and has been growing rapidly for the past years. A lot of great countries have been trading with china becuase of china's cheap labor as well as the rate at which china is producing it's products. American is no longer going to be the country that all other countries look up to. China is keeping close relationships with its trade partners and helping those countries develop their economy. However, is china really a good influence on the rest of the world? From a third person's perspective, everything i pick up now is made in china, yet the quality of these things have changed. China is now becoming a really powerful country and i hope to see it use its power wisely and not abuse it. China’s economy is and has been growing rapidly for the past years. A lot of great countries have been trading with china becuase of china’s cheap labor as well as the rate at which china is producing it’s products. American is no longer going to be the country that all other countries look up to. China is keeping close relationships with its trade partners and helping those countries develop their economy. However, is china really a good influence on the rest of the world? From a third person’s perspective, everything i pick up now is made in china, yet the quality of these things have changed. China is now becoming a really powerful country and i hope to see it use its power wisely and not abuse it.

]]> By: Steve Kang http://welkerswikinomics.com/blog/2007/09/04/chinas-influence-spreads-around-the-world/#comment-2638 Steve Kang Mon, 10 Sep 2007 12:30:26 +0000 http://welkerswikinomics.com/blog/2007/09/04/chinas-influence-spreads-around-the-world/#comment-2638 It is truelly scary, if not haunting, to find China's economy grow so fast and impact the world. China now is not only known for its cheap products that contributed greatly to its income, but is also known for its huge spendings on imports from countries like Africa and Sudan. China's rapid growth has seemed to be positive in the beginning. But as its quick ascent into one of the leading economic countries is being recognized by more and more people, questions on whether China's effect on the world is purely positive is being raised. Sure, China's economic growth has impacted the world positively. For example, its imports from Brazil, Poland, Ethiopia and Nigeria has improved the economy in each of these nations. Also China's promising aid to Africa and Asia seems to make China's intention pure and heroic. But is China's aim as pure as it seems? According to economics, actions are taken only for the benefit of one's self interest. Likely, China's import from the other countries may seem like China is helping other countries' economy, but in the case of trading with Sudan, in which the West is refusing to trade with to punish it for its military actions in Dulfar, China seems to be oblivious of the world's view and is self absorbed in its own economic growth. Also, China's investment into countries like Africa is only to secure its economic position on the foreign countries, to take over their natural resources as their own in the future. Sure China's immense greed to improve its economy has benefited other countries from their own point of view. But seeing from a third person's perspective, I'm not really sure if China's influence on the world is really as good as it seems. It is truelly scary, if not haunting, to find China’s economy grow so fast and impact the world. China now is not only known for its cheap products that contributed greatly to its income, but is also known for its huge spendings on imports from countries like Africa and Sudan. China’s rapid growth has seemed to be positive in the beginning. But as its quick ascent into one of the leading economic countries is being recognized by more and more people, questions on whether China’s effect on the world is purely positive is being raised. Sure, China’s economic growth has impacted the world positively. For example, its imports from Brazil, Poland, Ethiopia and Nigeria has improved the economy in each of these nations. Also China’s promising aid to Africa and Asia seems to make China’s intention pure and heroic. But is China’s aim as pure as it seems? According to economics, actions are taken only for the benefit of one’s self interest. Likely, China’s import from the other countries may seem like China is helping other countries’ economy, but in the case of trading with Sudan, in which the West is refusing to trade with to punish it for its military actions in Dulfar, China seems to be oblivious of the world’s view and is self absorbed in its own economic growth. Also, China’s investment into countries like Africa is only to secure its economic position on the foreign countries, to take over their natural resources as their own in the future. Sure China’s immense greed to improve its economy has benefited other countries from their own point of view. But seeing from a third person’s perspective, I’m not really sure if China’s influence on the world is really as good as it seems.

]]> By: Andrew Chang http://welkerswikinomics.com/blog/2007/09/04/chinas-influence-spreads-around-the-world/#comment-2634 Andrew Chang Mon, 10 Sep 2007 12:06:35 +0000 http://welkerswikinomics.com/blog/2007/09/04/chinas-influence-spreads-around-the-world/#comment-2634 China currently has huge and still growing amount of export and import, and this makes it a powerful economy. Seriously, taking a moment to think, it wouldn’t really make much sense if China’s just exporting a whole lot without importing for its people: although China can produce a lot, chances are it wouldn’t be able to make everything it needs domestically, not to mention comparative advantages other nations may have for those products. For example, I bet Brazil can produce the woods China wants at a much lower opportunity cost than China if it chooses to produce its own woods (Actually, I just guessed). It is wise for China to trade with other nations and import their product openly (Actually, this is just plain obvious). Anyways, I’m glad China didn’t choose to isolate itself from the rest of the world like it did several centuries ago (But that’s too long ago for an effective comparison). Actually, I’m just wasting words here to fill the page so I think I’ll just stop for now. China currently has huge and still growing amount of export and import, and this makes it a powerful economy. Seriously, taking a moment to think, it wouldn’t really make much sense if China’s just exporting a whole lot without importing for its people: although China can produce a lot, chances are it wouldn’t be able to make everything it needs domestically, not to mention comparative advantages other nations may have for those products. For example, I bet Brazil can produce the woods China wants at a much lower opportunity cost than China if it chooses to produce its own woods (Actually, I just guessed). It is wise for China to trade with other nations and import their product openly (Actually, this is just plain obvious). Anyways, I’m glad China didn’t choose to isolate itself from the rest of the world like it did several centuries ago (But that’s too long ago for an effective comparison). Actually, I’m just wasting words here to fill the page so I think I’ll just stop for now.

]]> By: Teemar Ratanasirigulchai http://welkerswikinomics.com/blog/2007/09/04/chinas-influence-spreads-around-the-world/#comment-2633 Teemar Ratanasirigulchai Mon, 10 Sep 2007 12:00:38 +0000 http://welkerswikinomics.com/blog/2007/09/04/chinas-influence-spreads-around-the-world/#comment-2633 The Chinese economy is really strong right now, especially with an excessive reserve, while the United States is loosing its status because of the expenditure on the War on Terror. China's growth can be witnessed by the amount of exports and imports China consists of. It had been the number one exporter for a while, as almost everything is labeled "Made in China," as the article stated. The reason for its heavy exportation was because manufacturing in China is realitively cheap. Plus, China has a plethora of tungsten, which can be used to make toolings. In addition, the Chinese government had boosted the production with the hope to be the number one producer in the world. However, with events, such as the Mattel toy incident, China's reputation slightly dropped. Because of the considered disregard for the quality control of products, many people have attempted to boycott goods made in China. With regards to its imports, China consists of one of the largest populations in the world. With that many people, there is bound to be more importation to satisfy their needs. However, China also imports a large amount of technology, from software to manufacturing capital, and it also import raw materials, especially metal, which it is low on. China is starting to do the low tier goods and are now improving to high tier goods. China will soon become one of the world's leading poweres, however, what it intends to do with its powers, no one can be sure. The Chinese economy is really strong right now, especially with an excessive reserve, while the United States is loosing its status because of the expenditure on the War on Terror. China’s growth can be witnessed by the amount of exports and imports China consists of. It had been the number one exporter for a while, as almost everything is labeled “Made in China,” as the article stated. The reason for its heavy exportation was because manufacturing in China is realitively cheap. Plus, China has a plethora of tungsten, which can be used to make toolings. In addition, the Chinese government had boosted the production with the hope to be the number one producer in the world. However, with events, such as the Mattel toy incident, China’s reputation slightly dropped. Because of the considered disregard for the quality control of products, many people have attempted to boycott goods made in China.

With regards to its imports, China consists of one of the largest populations in the world. With that many people, there is bound to be more importation to satisfy their needs. However, China also imports a large amount of technology, from software to manufacturing capital, and it also import raw materials, especially metal, which it is low on. China is starting to do the low tier goods and are now improving to high tier goods.
China will soon become one of the world’s leading poweres, however, what it intends to do with its powers, no one can be sure.

]]> By: Anna Grauers http://welkerswikinomics.com/blog/2007/09/04/chinas-influence-spreads-around-the-world/#comment-2627 Anna Grauers Mon, 10 Sep 2007 08:26:01 +0000 http://welkerswikinomics.com/blog/2007/09/04/chinas-influence-spreads-around-the-world/#comment-2627 I also agree with this article. I belive that it is time for the world to turn their head from the United States and focus on China's enormous impact on world trade. With the largest population in the world, it would make sense to have the largest import in the world to be able to provode for the people of china. However, in my opinion China needs to consider what countries to trade with. At the moment the counrty's output, export, import and so on grow at such a fast rate, that considering who might not be a provider is overlooked. Along with China's increasing export, countries with resources not avaliable in China are making big money, and therefor will gain power. What China needs to do is to use it's power and influence more wisely, by choosing appropriate countries to put money in I also agree with this article. I belive that it is time for the world to turn their head from the United States and focus on China’s enormous impact on world trade. With the largest population in the world, it would make sense to have the largest import in the world to be able to provode for the people of china. However, in my opinion China needs to consider what countries to trade with. At the moment the counrty’s output, export, import and so on grow at such a fast rate, that considering who might not be a provider is overlooked. Along with China’s increasing export, countries with resources not avaliable in China are making big money, and therefor will gain power. What China needs to do is to use it’s power and influence more wisely, by choosing appropriate countries to put money in

]]> By: Phoebe Suen http://welkerswikinomics.com/blog/2007/09/04/chinas-influence-spreads-around-the-world/#comment-2618 Phoebe Suen Sun, 09 Sep 2007 13:28:35 +0000 http://welkerswikinomics.com/blog/2007/09/04/chinas-influence-spreads-around-the-world/#comment-2618 I completely agree with this article; China is no longer JUST an Asian country, it's "world wide" country, very much similar to the Great Britain's description of "The empire (in this case the "trade empire") that the sun never sets" because in these past decade, Chinese products and investments are ubiquitous. With the burgeoning economy, China's both imports and exports has increased tremondously. China is taking resourse from all over the world, Nigeria, Brazil, Europe, Asia, while its exports are also omnipresent, including Europe, USA, Africa. In China's perspective, trade has lots of advantages. Not only does it creates an economic growth, but it enforces or creates friendships among countries (it's another tool for diplomacy) and like the article said, it trades to gain political power. In the modern century, the imperial periods have disappeared for more than 80 years, now we have reached the period when countries gain political status from the amount of trade and influences in other countries, which China has a thorough understanding of. However, one question that constantly comes up, because like in history, a "dynasty" always has its beginning, prosper and end, when and how will China reach it's end or will it ever reach the end of its "trade empire"? I am certain this question remains in many students, economists and even philosophers' minds because afterall, no one can foresee the future. I completely agree with this article; China is no longer JUST an Asian country, it’s “world wide” country, very much similar to the Great Britain’s description of “The empire (in this case the “trade empire”) that the sun never sets” because in these past decade, Chinese products and investments are ubiquitous. With the burgeoning economy, China’s both imports and exports has increased tremondously. China is taking resourse from all over the world, Nigeria, Brazil, Europe, Asia, while its exports are also omnipresent, including Europe, USA, Africa. In China’s perspective, trade has lots of advantages. Not only does it creates an economic growth, but it enforces or creates friendships among countries (it’s another tool for diplomacy) and like the article said, it trades to gain political power. In the modern century, the imperial periods have disappeared for more than 80 years, now we have reached the period when countries gain political status from the amount of trade and influences in other countries, which China has a thorough understanding of. However, one question that constantly comes up, because like in history, a “dynasty” always has its beginning, prosper and end, when and how will China reach it’s end or will it ever reach the end of its “trade empire”? I am certain this question remains in many students, economists and even philosophers’ minds because afterall, no one can foresee the future.

]]> By: Nico http://welkerswikinomics.com/blog/2007/09/04/chinas-influence-spreads-around-the-world/#comment-2610 Nico Sun, 09 Sep 2007 11:05:27 +0000 http://welkerswikinomics.com/blog/2007/09/04/chinas-influence-spreads-around-the-world/#comment-2610 China's economy is extremly high right now and as the article stated, it's people are demanding more and imports are becoming more important. Due to china's economy growing, people are earning more money then they use to, living in huge cities and they start to feel like they can buy more goods. This rise in demands can't be coped with since supporting so many people are to supply. This might end up in giving up certain goods and opportunity costs might rise. This could either slow down the economic development occuring in china, or maybe bring even more businesses or companies into china to cope with the demands. China’s economy is extremly high right now and as the article stated, it’s people are demanding more and imports are becoming more important. Due to china’s economy growing, people are earning more money then they use to, living in huge cities and they start to feel like they can buy more goods. This rise in demands can’t be coped with since supporting so many people are to supply. This might end up in giving up certain goods and opportunity costs might rise. This could either slow down the economic development occuring in china, or maybe bring even more businesses or companies into china to cope with the demands.

]]> By: Evan http://welkerswikinomics.com/blog/2007/09/04/chinas-influence-spreads-around-the-world/#comment-2447 Evan Tue, 04 Sep 2007 05:06:07 +0000 http://welkerswikinomics.com/blog/2007/09/04/chinas-influence-spreads-around-the-world/#comment-2447 This is an important issue that we face today. China's energy needs are growing at a very fast pace. They may start to export things cheaper to the middle east for favorible energy prices. While this may seem good, cheap Chinese labour could collapse the local industries. This is an important issue that we face today. China’s energy needs are growing at a very fast pace. They may start to export things cheaper to the middle east for favorible energy prices. While this may seem good, cheap Chinese labour could collapse the local industries.

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