Chinese Eonomic Change Management

Chinese economic change management
Nowadays, Chinese economy is roaring rapidly and it largely depends on the cheap agitate cost( because of the considerable population). After mainland China is becoming richer, the value of Chinese bills is rising, thus, the contributeers should be paid more. This means that China is losing the advantage of unexpensive labor cost. In order to continue to develop the economy, China require to change its whole economic system, moving from the manufacture goods producing to innovations.
The around urgent line to solve for China is the defect of the patents legislation. Innovators argon having a hard time in China, for their creations are copied easily after(prenominal) they show them to the public. Even the people who copy innovations are punished economicaly, the fines are just trivial amounts of their profits. These people rattling hurt the passions of inventors. Also, the huge money the people who copy control encourages more people to do that. Chinese judicature must(prenominal) limit these people, therefore, they should quickly pass the laws which help to protect innovators IP Rights.
Secondly, Chinese should decrease the number of talented people who work for developed countries and attract foreigners. This is called brain drain which is another problem for China.



Parts of this is because of the different treatments between China and the developed countries. For instance, my instructors friend has gone to Harvard to study medicine. At first, he said that he must return to China, but after only one year, his belief begins to shake. He may be stay in USA. He claimed that talented people in USA need not care about living, for the government will get prepares for them. The situation in USA is more than better than that in China, so I think that China should improve the conditions for talented people.
In conclusion, if China changes to a rural which provides lots of ideas, it still has a very long and touchy way to go. Although it is hard, China must do it, so its economy...If you pauperism to get a full essay, order it on our website: Ordercustompaper.com



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