China’s Urbanization and Its Constraints. Social Sciences Essay

Name
Professor
Course
Date
China’s Urbanization and Its Constraints
Globalization is part of what is driving the rapid change of China. China has adopted various political, economic and technological changes and has successfully adjusted to them. Therefore, the adaptation is linked to a more open system of the economy referred to as socialism that contains majorly of the Chinese characteristics. Trade has rapidly grown with exports to countries such as United States, Japan and European Union. Moreover, China has been able to attract investments in the manufacturing industry due to reduced labor and distribution costs. Additionally, the state policy supports and emphasizes innovation and use of modern technology, leading to development of a large manufacturing base. China not only produces low-end products of consumption, but also a variety of producer and consumer goods such as, transport equipment, electronics, military equipment and weapons. All these products are sought by users in the whole world. The growth of new trade linkages with ...