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China’s economy. Free Speech. Question - Answer Essay

Essay Instructions:

My classmate asked the question and you need to respond it. Free speech.
Need some picture and need to cited the picture also.

 

What do you think about the depression of Chinese economic environment?

According to New York Times, “China’s economic slowdown worsened in the July-to-September period…China continues to grow at its slowest pace in nearly three decades of modern record-keeping.”

The economic environment in China during the past few years was severe, and it can be observed visually as the economic growth slows and the higher unemployment. There are many reasons that can be accounted for the depression of Chinese economic environment in recent years: President Xi Jinping’s campaign against corruption dampened extravagant spending for years, the weakness in China’s real estate sector, and the deepening impact of the trade war. As a result, consumer confidence has weakened, potential new investment has been limited. More and more merchants and enterprises (especially private) suffer from and struggle with this frustrating economic condition.

It seems difficult and even impossible to run a new profitable business, in fact, many SMEs (small and medium-sized enterprises) have been closed down in recent years.

Questions: What do you think about the depression of Chinese economic environment? If you were an investor or a merchant who wants to run a new business in China, but with a high risk of investment and the frustrating economic condition, what would you do?

 Source:  https://www(dot)nytimes(dot)com/2019/10/17/business/china-economic-growth.html?_ga=2.145394228.1025955614.1572205604-1269343415.1572205604 

 

Essay Sample Content Preview:

Reply to Yu
Student’s Name
Institutional Affiliation

Reply to Yu
For the past few decades, China’s economy has been growing gradually. In particular, China has been known as one of the countries with a robust economy worldwide. However, currently, it is experiencing an economic slowdown that is attributed to several factors. If the Chinese government does not do something, the economy of this country is going to deteriorate further, which will affect the lives of many individuals negatively.
In my opinion, the first primary factor that has caused the depression of the Chinese economic environment is its trade wars with its trading partners, such as the United States of America (USA). Indeed, it appears as if the USA fears that China might be the next country with the biggest economy worldwide. That explains why the USA has decided to be an obstacle. For example, some technology firms in China are coming up with new products and services that are not available in the USA. That might be the reason why the USA is banning some electronic products from China to be sold in the country, to retard the nation’s economic growth. The other thing that contributes to the Chinese economic slowdown is the country’s effort to eradicate its lending behavior (Bradsher, 2019). Some industries, such as the real estate or automotive sectors, continue to shrink due to lower consumption of goods globally. The graph below shows how the Chinese exportation of electrical machinery has been affected by its trade wars with Ch...
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