Reflection on China's economy growth

 Since initiating market reforms in 1978, China has shifted from a centrally planned to a market based economy and experienced rapid economic and social development. GDP growth averaging about 10 percent a year has lifted more than 500 million people out of poverty.

With a population of 1.3 billion, China recently became the second largest economy and is increasingly playing an important and influential role in the global economy.

Yet China remains a developing country （its per capita income is still a fraction of that in advanced countries）and its market reforms are incomplete. Official data shows that about 98.99 million people still lived below the national poverty line of RMB 2,300 per year at the end of 2012. With the second largest number of poor in the world after India, poverty reduction remains a fundamental challenge.  

Singapore may be implicated since many of us will move to China to do business because of China's economy growth. This will cause us to have less business people in Singapore. 

Comments on Group 3's Presentation

Group 3's presentation was great and the 'advertisement' that was made as a skit caught my attention as it was funny and loud enough. The skit was interesting and caught my attention because it was quite silly but the ideas were clearly shown. However, I think that not all the members participated in the skit and the skit would be even better if all the members participates

Comment on group 3 presentation on product

I think group 3 presentation on the broom was out of the box. They thought of crazy ways you could use a broom for, which is very creative. Their volume was also audible too. However some members were not involve in the presentation. Therefore they should include themselves more in the presentation.

Blog work for 16/2/15 Comment on Group 3's Group Presentation

Group 3's product is the Panda Broom. I personally think that their way of presenting with a skit is good since it is a creative idea, like you are making an advertisement. But I think the major flaw of this group's presentation is that Yi Zhuo was overpowering the rest, so even if the rest of the group's presentation skills are good, they will still be overpowered by Yi Zhuo's volume and actions. Hence I think that in order to have a better balanced presentation, Yi Zhuo should tone down a little or the other group members should speak up more and have actions that aid in their presentation.

Product(group post)

Our groups product is called giovanne Magic broom. Its brush is made of Tian Gongs hairs and the wood is made from the finest timber. However, it costs only $8.80 for two. Guess what? Since Chinese New Year is round the corner, our company Giovangic is giving a real dead. Buy 2 get 1 free! Remember only Chinese New Year there is this massive discount, so what are you waiting for, hurry up and buy! 

Comments on Group 3

Group three is very creative, they think of the broom as a multi-purpose broom with magical functions though some are unrealistic. They presented it with a skit which is quite enjoyable for me. It is not so messy and very clear and easy to understand. The members are loud enough to be heard clearly.(I sit at the last row)

What I like is that this group seem quite confident and they are very natural with their skit. The speaker is very fluent and the product they are promoting sounds quite convincing.

However, I think they should improve the assigning of speaker. Some of them only spoke a few lines or nothing at all. They should not just let a few people to do the majority of the presentation.

Reflection of China's economic growth

China gains its economic growth from its mass of unemployed workers and natural resources. This allows China to produce masses of goods for export. They also make it easier to set up factories by undervaluing the currency and charging low taxes. Coupled with the mass of unemployed workers, resulting in low salaries, China is a very attractive place to start a business. 

The implication on singapore is that many people will want to start a business in China and not singapore, resulting in a lower number of businesses in Singapore. As more and more business man goes to China to start a business, there will be less business man in Singapore. On the other hand, the cheap goods increases living standards of Singaporeans.