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Essay / fuck me - 1078
China's economy has grown by leaps and bounds over the past two decades and the future once seemed bright. The methods China uses to grow could cause its economic growth to plummet. The so-called “golden years” may be over, a period of economic prosperity and growth. Growth could be affected by political corruption, which can scare away foreign investment. Economic growth caused the housing bubble, which could bring down the economy. China's growth has also rejected the idea of protecting the environment, a source of pollution and environmental problems. China's economy does not have a great economic future due to political corruption, the real estate bubble, pollution and environmental problems, and the loss of its comparative advantage. China's economy has grown over the past three decades, but it has seen growth recently. is stagnating and this could be a sign that the end of growth is near. Last year's 7.7% growth was "slightly above market expectations" of 7.6%, but this would have been the lowest figure since 1999 (Wang 2014). All growth will eventually end, an economy must be able to adapt to ongoing changes. Different economic sectors must develop to adapt to the changing economy. Factory production suffered, and for five months it fell to 9.7% (Wang 2014). If this is a sign of declining growth, the Chinese government will need to step in and make the necessary corrections. Moving away from the industrial sector and towards the service sector could be beneficial. The Chinese government is heavily involved in the economy and if it fails, the economy will suffer. Political corruption can discourage business investment, undermining the economy. Political corruption is widespread and there is very little that can be done against senior officials if they are corrupt. The fragile government is a reflection of the economy, which is beginning to show signs of strain as the housing bubble is about to burst. Investors thought there would always be a need for more housing and, unfortunately, there aren't enough buyers. All these developments have taken a toll on the environment and are causing many problems. Pollution harms China's GDP and population. Factories that once caused pollution are moving to countries with even more relaxed regulations. This has forced China to push it to invest in other sectors, which can be a risky bet. China is losing its appeal and now faces a new task of adaptation. If China fails to adapt, there will be no more growth and the “golden years” will be for nothing..