China’s Industrialization Journey

To economic historians such as Joel Mokyr,who teaches at Northwestern University, dives into the mystery of how the world went from being poor to being so rich in just a few centuries in a forthcoming book, “A Culture of Growth: The Origins of the Modern Economy”, there is nothing inevitable about the unbelievable wealth and wellness of today’s world. However, for a spark at a tiny corner of Europe that ignited the Industrial Revolution — that disperse incredible improvements in technology and living standards directly round the north Atlantic shore in the 1700 and 1800s and slowly around the planet — we can be living the filthy, brutish and short lives of our ancestors generations earlier. There is the question as why did it start in Europe, but not prior in China? China has a glorious past in its own scientific achievements. And they were unable to turn it into economical growth, since the West did. When you look in Europe and China in the 19th century, Europe is progressing at breathtaking speed. It is building a railroad system, steamships, factories. From the early 20th century, China appeared like it was going to be wholly inhabited by imperialist powers. Certainly the economic and technological development of East and West diverged from 1850 on.

China and Europe are different in many ways, but the most important point is not one that is dominated by a single power as feudalism and emperor autocracy. That is why China does not have an industrial revolution compared with Europe countries.

But through many many years of revolution and liberation movement, Ultimately New China has been found by Communist Party. Subsequently, China always follow the correct guideline as “Building a socialist country with Chinese characteristics”. The result is as economic development risen up, industry development also soar up.

 

China Face Four Challenges about industrialization

The 12th five-year plan (2010-2015) will be a critical period for China to reach the tactical aim of fundamental industrialization before 2020, so shifting out of a large industrial state into a solid one.

The target faces four hurdles.

To begin with, China’s rapid economic growth is controlled by the rising demand in energy and other sources.

Second, China should embrace an environment-friendly policy, decrease the energy consumption intensity and carbon dioxide emissions.

Third, China’s traditional advantages in labour land and force may eliminate the competitive advantage as the world becomes more globalized, funding market is opening, and also the rivalry will lie in knowledge and technology.

Fourth, China’s industrialization is under the management of both local and central governments, that have generated difficulties like regional protectionism or overcapacity. Some regional governments have manipulated land or labor price to draw investment and pursue temporary financial development.

For the instance, High Speed rail

This is enough proof as China’s industry owns absolute development and improvement compared with developed countries like USA, UK or other Europe countries.

 

Five decades back, there wasn’t one kilometre of high speed monitor in China. Nowadays, it has over Europe and from 2012, it is going to have over the rest of the planet put together.A vast, pristine factory in the port city of Qingdao is at front of the new industrial revolution.It’s here that the giant state-controlled train-making firm CSR developed a Chinese high Speed rail.

China’s leaders “played a strong role in making all of this happen”, says CSR’s chairman, Xiaogang Zhao.

 

 

 

 


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