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China: Countries
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While China's performance has been impressive, it ... has the potential to maintain this growth. It has a massive population, which represents not only a large domestic market but also a cheap labour source of some eight hundred million people. It is also a country that is blessed with vast natural resources.[12] The current economic problems in Asia have not had a major impact on China, though there are predictions of slower growth.[13] However, it is expected that China will become the world's largest economy, in terms of GDP, by 2010.[14]
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China's explosive growth has come at a price. The economic gains have not been shared equally. Millions have become richer. But hundreds of millions have not. More than 60 per cent of the population still toils in agriculture; the country's "economic miracle" has yet to make an appearance in much of the country. Corruption ... remains well entrenched.
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A benefit of China's varied geography is that a shortage of resources in one part of China can be overcome by trade with another part. In this way China historically has been able to develop internally by promoting interregional trade, as opposed to going outside the country as many smaller European countries had to do. Instead of industrializing to overcome shortages, China traded within its own borders... promoting commercial development.
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English and many other languages use various forms of the name "China" and the prefix "Sino-" or "Sin-". These forms are thought to derive from the name of the Qin Dynasty that first unified the country (221–206 BCE). The pronunciation of "Qin" is similar to "Chin", which is considered the possible root of the word "China"[6].
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The United States Trade Representative has determined that China fails to enforce intellectual property rights effectively. Copyrights, inventions, brands, and trade secrets are routinely stolen. As a result, China is on USTR’s priority watch list of countries that tolerate intellectual piracy. Failure to protect intellectual property stems from lenient rules, mild penalties (often no more than confiscation of the counterfeit products or nominal fines), and a lack of sufficient and consistent enforcement, which together do not yet deter the crime.
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A second area of concern is China's political stability. The Communist regime maintains firm control despite the huge challenges of running such a large and complex country. However, the main occupation of the regime is to stay in power. China perceives issues such as human rights and efforts to encourage democracy as an attempt to contain and interfere with internal affairs.[46] The Chinese perspective is best described by the following:
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