Firstly by muting all international conflicts and geopolitical ambitions, China followed the examples of other newly industrialising economies (NIEs), giving priority to industries and sectors where limited government investments would produce rapid growth. ... China also has a low net external debt to GDP ratio of 16.6% and receives a great deal of foreign investment funds, which are used to finance export industries. ... Also GNP has increased from 80 Renminbi during the 1950's to 4000 Renminbi and nearly every household now owns a television. ... China's people's health has a...

• Word Count: 2010
• Approx Pages: 8
• Grade Level: Undergraduate