Taiwan

With about two-thirds of Taiwan being mountainous the natural resources are scarce and depleted at best. Also being plagued by typhoons annually has caused many problems to the island. For these reasons Taiwan's economy relies mostly on small and medium enterprises. Taiwan's successful IT sector has earned the nickname Silicon Island. Prior to this economic success the island of Taiwan was mainly used by Europeans as a stopping point during travels to other areas in Asia.

Hong Kong and Macau

Prior to 1997 the economic decisions of Hong Kong were made by Business Elites. Under China rule the "one country, two systems" refers to the unchanged democratization of Hong Kong and Macau. The CCP has promised not to change anything in Hong Kong for 50 years. Hong Kong is often described as a laisser-faire economy which means the state neither owns nor controls the means of production. The driving force behind Macau's economy is gambling while Hong Kong's main industry is producer services.

Urban China

Urban centers first started to appear in China during the Shang Dynasty, but it was during the Song Dynasty when cities changed from mostly administrative duties to centers of commerce. People were allowed to move freely between urban and  rural China and many did so for work. This was called floating population. These rural residents that traveled to urban cities for work enjoyed a lot less of the opportunities and benefits than the people who lived in the urban cities. During the socialist era most of the Chinese city centers were political and administrative as well as economic centers. During the reform era more balanced development was sought. To have a greater balance between large, medium and small cities would be beneficial to the entire Chinese economy.

China's Opening Process

China opening up its doors to the world has had a huge impact on its economy. The number of trade partners in the international market has increased, and along with that comes dramatic growth in the import and export business. Going away from the Autarky, pre-reform era, way of conducting business means a move in the right direction for foreign investors to move in and take advantage of cheap labor costs. This ultimately brings down the price of products returned to the retail markets in the United States.

China's Economy and Reforms

China has been working hard to change its image towards the world as a friendly place to conduct business. China is currently trying to get away from the Soviet Union economic model it emulated after CCP took power. The economic reforms put in place have allowed more foreign investments and trade to take place creating a far better economic environment for the people of China along with contributing to the global economy.

Population Geography

With an approximate current population of 1.3 billion, China and its economy is growing. Even thought China's current population growth is characterized as having a low birth rate, low death rate and a low growth rate, when you have a population over 1 billion a low growth rate is still growth. There has been attempts to slow down the population growth, like limiting the number of children one family could have. This is neither good for the people or for the economy. The population is seeing smaller groups of working age people due to this limitation which in the long run will harm the economy.

The Political Geography of Emerging China

China views itself as being superior to the rest of the world both politically and economically. While the economic growth of the country has climbed rapidly toward the top of the list of world economies, its political relationship has not always followed suit. China's ethnocentrism has much to do with how the country is perceived economically by other countries. There were attempts to look beyond its own land for economic opportunities as early as the 8th century A.D., but by the late Ming times these maritime expeditions were halted because of high costs of maintaining the fleet and political instability. The results were a return to inward growth, population growth and stagnating per capita output.