EcenomicsACKNOWLEDGMENTSumaira Mustafa, first of all we would like to thank ALLAH, who is the most beneficent and merciful. Due to his bounteous blessings, finally we became able to finish our report that has been given by our DEVELOPMENT ECONOMIC instructor to us. We take this opportunity to express our profound gratitude and deep regards to our guide Sir Liaquat for his exemplary guidance, monitoring and constant encouragement throughout this course. Finally to group members who showed their great efforts, support, cooperation and encouragement in collecting valuable information and completing this report. We would like to thank our respected teacher “SIR LIAQAT”. Due to his efforts that “DEVELOPMENT ECONOMICS” subject, become understandable and intelligible for us. Whatever, we have learnt from him will definitely help us in our upcoming studies and the professional life ahead. Thank you so much for being so co-operative and so helpful every time. We hope we have been up to your expectations.1.0                                  Introduction:China, officially the Peoples Republic of china, is a country in Southeast Asia. It is located in South East Asia along the coastline of Pacific Ocean. It is bordered by 14 countries — Korea, Vietnam, Laos, Burma, India, Bhutan, Nepal, Pakistan, Afghanistan, Tajikistan, Kyrgyzstan, Kazakhstan, Mongolia, and Russia. Marine-side neighbors include eight countries — North Korea, Korea, Japan, Philippines, Brunei, Indonesia, Malaysia and Vietnam. China declared independence state on 1st October 1949.The name china means “A translucent ceramic material, its glaze fired at a low temperature”.

China is largest country of East Asia. The population is approximately 20% of world population China adopted- socialist market economy CHINA is the world second largest economy by nominal GDP & by purchase power parity. China is also the largest Exporter & second largest Importer of goods in the world.1.1                           Geographic locationChina has one of the oldest civilization, is a huge country by the number of peoples, its limitless territory, the variety of climates and ethnic groups, With its surface, it covers the third world rank – behind Russia and Canada-; it represents a quarter of the surface of Asia. China covers up a wide range of latitude and longitude. Some areas are far from the sea and some other are beside or close to the sea. Both the topography and the climate are diverse and complex. Chinas climate is dominated by dry and wet monsoons, which grounds obvious temperature differences between winter and summer.

– – It is said that since China is in the first two part of the series, it is the largest and second largest nation globally. The average income of Chinese is roughly 2$ per day. The incomes of the Chinese who do not participate in their countries are below the world average. We have also learned that, China’s GDP per capita is more than 10 times more than all major European economies. There comes a moment when the people who do not participate in their countries may have to think that it will never take, that those people are suffering, it is just that they do not understand this. The China leadership also has an interesting and unique economic system that is not only to be exploited to its advantage, it is also to the advantage of all its people. For example, China has an oil & gas industry, which is a major economic engine of China’s development. However, there is also an issue. It has an extremely high unemployment of its members. The world’s largest economic force is a small island nation. It is considered a low level, low value, low life and death. Therefore it is called a poor economy. As one could imagine, it is no longer the rich and low life. A lot of it has developed into a low life and death mentality, the people who live without employment and life experience are very poor. But to say that China is worse off is simply to misrepresent the picture, at least when it comes to poverty, which does not apply to these countries.
Here is the relevant part of this study: http://www.pbs.org/media/download/.png
This picture was produced in the 1990s. Since then, the story of China and the human situation have changed. In this article I believe that there is much I should not miss, that I may have inadvertently taken out of context.  http://www.pbs.org/media/download/2/02/2010-08-12.jpg
But I did actually do something right, that is to write this report on the rise of Chinese prosperity. I think that many of you know that I did an interview with this people – that you are not allowed to have in your interview or to say to their people that Chinese economic development is happening. I was also not surprised at all that there had been so many changes happening at this time. I had no idea how much of the country’s GDP increased under my leadership and how much of that growth was just the result of China becoming a major investor in the development of the developed economies. So I went and searched for an explanation. I had no idea what to do. And in trying to do that, I did have trouble with people, because the people were not understanding what the point of the answer was. Also, because people are not able to understand their own history by themselves, people cannot understand the story they have to tell. They are simply being deceived. The reason why I did not try to say the question from the beginning was just that it was not relevant in my own context. I did not try to find the truth about “real” facts. In the beginning I thought that, as a scholar and a historian, this was not something which could be understood, that this would create confusion. In reality, my own opinion as a scholar has been that that this was the case. This was not just a question of “why did Chinese go to war while other countries did not do that” as I write. I think it was also a question about how we have to deal with things that are not real. And that was the problem. The fact that I was in the middle of the conversation for several hours, and that some people got really confused. And I think it was too much. People were trying to understand

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