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Problems In Chinas Economy And Their Solutions Today at the turn of the century the Peoples Republic of China who has a history of over 5000 years is facing a very important choice After the revolution of 1949new China has devoted himself to improving his peoples living condition and developing the economy Although we encountered some difficulties on the way of development we still make a rapid progress in many fields such as we have already solve the problems of how to feed a forth of the world population which seems impossible and difficult to the developed countries our country has already become an important power in the world not only politically but also economically After we adopted the policy of reform and opening to the world in the year of 1978 our economy grows steadily and rapidly than ever And our economy in recent 20 years has become a wonder in the history of the world economy However with the undergoing reform we now face some problems First after so many years fear of inflation our economy has an inclination of deflation Second for the agreement with the United States on entry in World Trade Organization WTO our State Own Enterprises SOE face many problems Third we still have some troubles in our policies In addition the unstable political environment such as peaceful evolution from socialism back to capitalism the threats of imperialism and other enemy countries force us to develop our national power as fast as we can As we all know everything has its own shortcomings but those shortcomings are not important the important thing is trying to solve the problems you have This comes out a choice to solve problems and have a better life or to keep everything going on like it is We must take our responsibility to make a choice
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