Reference no: EM132840882

The Chinese economy has drastically changed over the last 40 years to become the fastest growing economy in the world. The GDP growth that China has experienced has averaged well over 10 percent during that same time period, leading to rapid growth for the nation and creating a massive market for MNEs and FDI in growth sectors. Now China's growth has slowed but it still far outpaces most nations, leading many economists to ponder whether China would be able to maintain its long-term trend to become the world's largest economy.

Problem 1: How would you describe China's economic system?

Problem 2: What is the most important factor that has to lead to China's overall economic boom? Please explain.

Problem 3: Was China impacted by the 2008 global economic crisis? Please explain.

Problem 4: What has China done to react to its economic slowdown?

Problem 5: If China's economy does slow down, what does that mean for the world economy?

Problem 6: What is the overall goal of China's Belt and Road initiative? Will they succeed?