CHINA IS THE NEW CRONY CAPITALIST OF THE EAST Click to Edit

(FOR THE MOTION)

Presented To: Prof. Sray Aggarwal Prof. Ishaan Roychowdhury

10/6/12

Presented By: Anand Kunwar Amit Saxena Kezuyigong Rangkau Prosenjit Bhowmik Arkadeep Mukherjee
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CONTEXT

Introduction, Technology & Investment-

Anand Kunwar

Economy & Financial Institution-

Amit Saxena

Facts-

Kezuyigong Rangkau

Education & Business-

Prosenjit Bhowmik

Trade, Security, International Relationship & Conclusion10/6/12

Arkadeep Mukherjee
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INTRODUCTION

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TECHNOLOGY

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INVESTMENT

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ECONOMY OF CHINA

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ECONOMY

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Financial Institution
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Chinas economic boom has dazzled investors and captivated the world. But apart from that corruption is also increasing.

Some of the worlds leading financial institutions, including Bank of America, Citibank, and HSBC, have not bet on the countrys financial future by acquiring minority stakes in Chinas state-controlled banks.

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Facts
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High digit growth cant hide the fact that China is state controlled economy is leaving the vast majority of citizen behind Survey of urban households in 2009 Chinas Hukou System

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Cont
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Corrupt Chinese Government officials have stolen more than 800 billion US $ Chinas class system operates in several level Poor & Poverty Statistics

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Education
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According to the ministry of education in China only 68% graduates were able to find permanent job in 2010. China has no international university according to Times magazine in 2012 Chinese govt. finance only the urban schools but the rural schools are financed by there own financial resources

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China is only country in history to achieve the record number of economic growth and record number of Nonperforming bank-loans

Business

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Cont
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In September last year, Security & exchange commission has delisted dozens of Chinese companies from NYSE

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Cont
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Chinese government is actually manipulating the nongovernment sectors in business in china The electricity consumption in business is showing a reverse trend

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Chinas official PMI in March 12 was around 53 points, while the PMI projected by HSBC China was less than 48 points. Chinas GDP & trade success is Man Made said by Clark T. Randt in Wikileaks.

Trade

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Cont
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US- China trade reveals eye-opening insights. It impacts their economies at large. The regression line would indicate a close relationship between crony economies. Their Ministry of Foreign Economic Relations & Trade interferes in every private firms internal factors, which deals trade.
( Data researched by IIPM Think

Tank)

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Security
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Peoples Liberation Army(PLA) is the worlds largest Army with more than two million members. China attacked Taiwan, Hong Kong, Vietnam for using those country as their own trade center. China claimed Taiwan since the Civil war got ended in China in 1949, as their own land.

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USAs freedom of action cut shortened in Asia- Pacific region by Chinas security system. China can track, trace & target USAs aircraft.

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International Relationships
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China has cause to help other countries. They help many countries economically for some reasons. China is helping Muslim countries of middle- east Asia, for to get crude oil at low cost. They wants to undertake even the Indian economy. So for this they are helping Pakistan & many terrorist community for their terrorism on India.

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Conclusion

We want free capitalism in every country , We dont want Crony capitalism.

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BIBLIOGRAPHY
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Online:

www.economictimes.com www.bloomberg.com www.moe.edu.cn www.miit.gov.cn www.chinaembassy.org.in

Offline:

The Sunday Indian Magazine Business & Economy

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THANK YOU
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