Blog work for 9/2/15 Reflection of China's economic growth

I think that China's rapid economic growth and opening up of their country to international trade will increase the source of revenue for the country, because there will be more jobs available to China's citizens, which will decrease the rate of unemployment that will result in greater income for the citizens and increase the position for China's GPA per capita ranking. China is also an ideal place to start a business since its corporate tax rate is lower than other country's hence the damage attained when the business fails will be lesser.

The possible implications in Singapore are that more Singlrean businesses and businessmen may flock to China since it is safer and better to start businesses there. More Singaporeans may start to aim for the Chinese market to earn more money since countries from all over the world are aware of China's potential as a business market and more foreign companies have started their businesses there, hence increasing the amount of jobs available. Most of the foreigners have a hard time com uniting with the locals there, there will be a need for translators. Since Sinagaporean culture is a mix of Eastern and Western culture, most Singaporeans are fluent in both Chinese and English, hence they will be able to fill in that position.

In conclusion, China's rapid economic growth and opening up of their country to international trade will affect countries of the world in terms of economic growth and many others

~Shi Hui