Characteristics of china’s commercial growth
What were characteristics of China’s commercial growth?
Commercial centers grew into big cities. Growth of commerce encouraged people to move to cities and towns. Landowners left farms because they preferred the shops and social life of the cities. More people made more opportunities for business which created larger cities.
Why is China successful in agriculture?
China, a big agricultural country endowed with rich agricultural resources, has a long history of farming and the tradition of intensive cultivation as well as a huge rural population. The Chinese government has always placed high priority on the development of agriculture.
What kind of farming does China have?
Rice, maize and wheat are the three major crops, and the production of these three crops accounts for more than 90% of China’s total food production.
What was a result of farming improvement in ancient China?
Farming made life easier because people no longer had to travel to hunt animals, but could grow their food where they lived. Rice and millet were the two main crops grown in Ancient China.
What factors promote farming in China?
Political stability and a growing labor force led to economic growth, and people opened up large areas of wasteland and built irrigation works for expanded agricultural use. As land-use became more intensive and efficient, rice was grown twice a year and cattle began to be used for plowing and fertilization.
What is China known for producing?
The great bulk of China’s exports consists of manufactured goods, of which electrical and electronic machinery and equipment and clothing, textiles, and footwear are by far the most important. Agricultural products, chemicals, and fuels are also significant exports.
What role did trade and commerce have in Ancient China?
The Chinese have always traded goods among themselves. Trade with other peoples began during the Han dynasty, between 207 BCE and 220 CE. A whole network of trade routes sprang up, bringing goods, as well as ideas, in and out of China. In particular, an important trade route opened up between China and the West.
Why was Ancient China so successful?
One of the reasons why Ancient China was so successful was because of inventions like paper. Lots of invention invented in Ancient China allowed it to be successful, one of them is the paper T. Paper was invented by Cai Lun in 105BC during the Western Han Dynasty. We use papers everyday, from books to letters to art.
What led to the growth of cities in China?
This large jump resulted from a combination of factors. One was the migration of large numbers of surplus agricultural workers, displaced by the agricultural responsibility system, from rural to urban areas. Another was a 1984 decision to broaden the criteria for classifying an area as a city or town.
How does China provide enough food?
Considerable investments in agriculture have enabled China’s farmers to produce high volumes of staple crops, allowing the country to achieve a roughly one-to-one ratio of production and consumption of grains.
Why is China good at manufacturing?
China is the world’s largest manufacturer, sometimes referred to as ‘the world’s factory’. It has been an attractive destination for manufacturing in recent decades thanks to its low labour costs, technically skilled workforce and good infrastructure.
When did China develop agriculture?
The transition from hunting and gathering to cultivation of wild plants was initiated by semi-sedentary communities some 11,000 years ago. Among the earliest East Asian pioneering foragers were those who lived in North China who started cultivating wild millet.
Are the most important agricultural areas in China?
These are the Northeastern Plain, the North China Plain and the Middle-Lower Yangtze Plain . Benefiting from climate, topography , economic and historical factors, eastern China has become the major agricultural production area in the country.
Why is China attractive to business?
The sheer size of China’s population makes it an attractive nation for investors to commit capital to higher-end industries like healthcare, information technology, engineering, and luxury goods.
Why China is best for business?
China is undoubtedly a manufacturing powerhouse and has gained the title of being the world’s factory’ not only because of its low cost. China’s robust business ecosystem, low taxes, and competitive currency practices are some of the reasons why the Chinese market is unmatched.
Why can China produce cheap products?
“The reason Chinese products are cheap for American customers is because of China’s concentrated supply chain and high efficiency. From start to finish, a factory can mass-produce a product within two weeks,” he said. “Our most basic cables can sell for pennies apiece.”
Why is China’s economy growing so fast?
Causes of China’s Economic Growth
Economists generally attribute much of China’s rapid economic growth to two main factors: large-scale capital investment (financed by large domestic savings and foreign investment) and rapid productivity growth.
Why is China so important to international business?
China is a major hub for world trade. Given its huge land mass, population, a large growing economy, and strategic ports, it lends itself freely to huge International trade. The top Chinese imports from the world are electronic equipment, oil, machinery, mined raw material, and medical and scientific equipment.