The paper "National Policies and Growth Strategies - China" is a perfect example of a micro and macroeconomic case study. The policies and strategies which are developed for growth by any economy depend on the internal and external factors that influence the ability to implement the policies effectively. Before formulating any growth strategies, it is important to consider various factors that can help to implement the strategies effectively. It is also important to consider the factors that can influence the implementation of the strategies for growth. This is because the growth of any economy depends on the ability to implement the strategies and policies that should be followed to improve the way business operations are conducted and the policies differ from one economy to another.
In this effect, this report will discuss that it is the prevailing context that influences the strategies and policies which are developed by an economy. The country selected for this assignment is China because it is one of the growing economies globally because of its policies and strategies (OECD 2007). Chinese economy China is one of the greatest growing economies in recent years.
The growth rate of the economy of China is about 10% in the last 30 years. The GDP growth in the year 2015 the first quarter is 7% and this means that the economy is doing well. The inflation in the year 2014 was rated as 2% meaning that the economy stable and it has clear policies and strategies for the national growth (Eckstein 2015). In this context, it can be determined that China is one of the greatest growing economies. Circumstances that influence the policies and strategies of growth in China Political context It is important to understand that it is the context and circumstance that should determine the policies and strategies of growth in any economy.
In China, there are various policies that determine its growth but these policies are being influenced by the context of the market and the circumstance. The first circumstance is political policies. The political system in China is stable and for a long period of time now there has been no post-election violence in China meaning that the political system is effective in influencing the success and its growth (David et al 2012).
The political system influences the policies and strategies of growth in that because of the stability in the political system, strategies have been put in place to attract foreign investors.
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