The thriving economy of China is dictated by the Peoples Republic of China. This has been the dominate force driving the economy since 1978. Currently China economy ranks it #4 in the world so there is no doubt the regulations of the Peoples Republic of China are working well for the people of China. However, the biggest criticized of the Chinese economy is that it appears the rich people keep on getting richer and the poor people never escape from poverty.
To help with the growing gap in the different social classes China underwent a political balancing act to help rectify the situation. This process was introduced in the 1990s. The government worked hard to instill market reform. China really seemed to do well with the changed until the energy crisis that occurred in the late 1990s.
One issue that many countries have to contend with is unemployment. China appears to have the opposite problem. Since 2005 they have had a shortage of workers in the labor force to keep up with the continuous growth.
Skilled workers are needed for the corporations and technology while unskilled laborers are needed for tending to the farms. China is the 3rd worldwide in the...
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