China's Growth Problems Flashcards
1
Q
Property boom
A
Housing prices increased significantly
2
Q
Pollution increase
A
17 million new cars 2014
Smog
No regulations- untreated
3
Q
Shortage of power
A
Creation of three gorges dam
4
Q
Growing income inequality
A
Disparity between north and south
Regional inequality of income and wealth
5
Q
Depreciation of the Yuan
A
Following the dollar devaluation
Expensive to buy goods
6
Q
Environmental problems
A
Water contamination
Exploiting natural resources = famine
80% of cities failed to meet regulations
7
Q
GDP slowed by
A
7.4% last year
8
Q
Reasons for China’s growth
A
Manufacturing, government planning (communist) and cheap labour
