China s Politics And Economy - 758 Words

In addition, China s politics and economy have great differences with western countries because of the special national conditions, that the political power (or government) may have a prominent or even overwhelming strength relative to the economy (or business), which may have a decisive influence on economic development. First, the government-lead economy has caused excessive pursuit of economic development but neglect the quality of development (Zhou, Zhang Shen, 2015). Second is the government s control and allocation of resources and the dominant mode of development of the state-owned economy have caused a series of problems like the loss of economic benefits to a certain extent (Dollar, 1990). So the excessive concentration of political and administrative power caused by the low degree legalization and democratization in Chinese economy may have resulted in some obstacles in the economic development to enterprises, and this kind of rent-seeking which has political power to cont rol economic resources and the right of examination and approval maybe one of the reasons caused China’s corruption and damaged the normal order of the market economy. In western countries, companies could hire a lobby group to lobby government in order to gain some benefits and a lot of countries such as the United States have the Federal Regulation of lobbying act that make constraint on lobbying (Hansen Mitchell, 2000). But for enterprises in China, to develop good relations (â€Å"Guanxi†)Show MoreRelatedChina s Economic Growth With Capacity And Influence941 Words   |  4 PagesSince the 1980 s China is a develop country that never stop until now, and will rise to dominate the world in the Twenty First Century. China has a big potential geographic realm, population and natural resource which not else has in the world. Based in China s economic miracle from oriented economy to open market it is presented a transitions economy with more orderly, established, and a ccommodating that could have been imagined for all of us. It started from zero economy level and will grow mayRead MoreChinese Politics And Comparative Communist Systems Essay1036 Words   |  5 Pages A â€Å"Party-State† exists when the party and the state are interconnected within the state s leadership, organizations, and society from the top down. 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