Tag Archives: chinese economy study

Why is the West so keen on learning Chinese?

Why learning Chinese is so important?

learning chinese
“Chinese seems to be the trending language, from Europe to America. So it’s time to look beyond the traditional focus on French and German and get many more children learning Mandarin” said David Cameron, UK Prime Minister, back in 2013.

More than 2 years later, things evolved a lot and the same trend can be observed in most of the western countries: from primary schools to multinationals, more and more people learn Chinese. Even US’s President Barack Obama claimed his daughter Sacha was learning Chinese, while Mark Zuckerberg, the Facebook founder, and gave a Q&A in Mandarin Chinese to his college student’s audience during his last trip to Beijing.

So, why Chinese? Or let’s put it the other way in fact, why not Chinese?

Chinese, the language of business

 People traditionally choose to learn a second language in order to be able to communicate with people in the next country. From a more practical point of view, we could say in order to have more opportunities. Despite China economy growth decline, the growth is still there, and China is since last year the second largest economy on earth. China exports a lot and will keep doing so for many years, although it might be less than before, and it imports more foreign products every year. With this in mind, choosing to learn Chinese when considering to learn a second language instead of French or German seems to make sense.

business

Moreover, Chinese is the world’s largest spoken language, for the reason that it is not only spoken domestically but even in others Asian countries, such as Singapore (known to be a Global Business Country) or Taiwan.

You can read an interesting article about 5 interesting tips on Chinese economy

A huge number of Chinese native speakers?

In spite of Mandarin, which is the official language, only 10% of Chinese native speaker can talk fluently this language. How can we explain it? There are several dialects with huge linguistics differences depending on your locations in China. There is only the same writing system sharing.

Whereas Beijing dialect is the current standard form, it is Nanjing dialect which is considered more universal.

You can learn more about 6 tips to succeed with your marketing in China.
However we can notice that the number of fluent Chinese speakers in the world seems to be counted more around 120 million, and not more than 1.3 million as many people could expect. Spanish speakers around the world are counted by 400 million speakers worldwide.
Mandarin seems to keep its leadership role in the mind of all. Don’t wait anymore, get the opportunity to learn Chinese in Beijing!

Recently, there was a regular survey from the Modern Language Association of America dealing with language enrolment in American colleges. According to the data coming from these surveys, Mandarin learning seems to be growing even more than years ago, in the US and also in the United Kingdom. Mandarin is becoming number 2 on the list of languages schools possibilities. So what is the best program for learning Chinese in Beijing?

Chinese economy situation: an opportunity to learn Chinese

learn chinese on board

If Chinese economy’s situation is a great opportunity to learn Mandarin, it’s not easy to learn Chinese and a lot of people are facing some difficulties and obvious barriers such as learning Chinese characters. That is the reason why the fastest way to learn Chinese is to first practice your oral conversation.

Remember that most of the Chinese people don’t know how to speak English, even if English is one of the most common Business languages in the world. Adding to this, the Chinese market is growing faster than ever and it’s just the beginning!

What kind of businessman would ignore this huge opportunity just because he doesn’t want to learn Chinese?
You can read China has more billionaire than the United States

 

melanielimchenArticle was written by Melanie

Studying Chinese economy in Jiao Tong university. A mix of Chinese and Cambodian, she’s a fan of Chinese culture  and trying to learn more about the social aspect in China.

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    China has more billionaires than the United States

    China is surpassing the United States

    Where are all the billionaires? In China, despite an economy slowdown, corruption, crack down…

    According to The Hurun Report, a China-based wealth research firm, China has 568 billionaires whereas the United States has 535 becoming the first in the world list. It surpassed the U.S. in summer 2015 and has grown by 90% last year only.

    However, Hurun’s list is subject to debate, because it is different from Forbes’ list and other wealth expert firms, which keep the US as the country with the highest number of billionaires. According to Forbes’ 2015 China report, China has 335 billionaires whereas the US has 536.

    Usually, when an economy is slowing down, billionaire growth decelerates too. But from 2014 to 2015, the total wealth of the world’s billionaires grew by 9 percent, reaching $7.3 trillion in 2015.

    According to Hurun, Beijing would have surpassed New York as the billionaire capital of the world.

    Rupert Hoogewerf, chairman and chief researcher of Hurun Report, declared “Despite its own slowdown and falling stock markets, China minted more new billionaires than any other country in the world last year, mainly on the back of new listings”.

    Hoogewerf was not been able to explain why Hurun’s numbers are so different from Forbes‘, just claiming people’s personal wealth is hardly an exact science — especially in the unclear Chinese economy.

    He also said that was a low count; he estimates they missed, at least, two, because “Some people deliberately make their wealth a secret because … they gained it through illegal ways.” and “Some others simply prefer to keep a low profile.”

    dollars and yuans

    Hurun lists the different main sources of wealth in China. Real Estate, Manufacturing and technology are the 3 biggest sources of wealth in China, the first one produces 117 billionaires, the second one 94 and the last one created “only” 68 billionaires.

    According the report, China also has the largest number of young billionaires (under age 40) and of self-made women: 93 out of 124 self-made women billionaires worldwide are from China.

    Read more: 10 Digital Strategies you need to learn if you work in Travel industry in China

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      Five interesting tips on Chinese economy

      Five interesting tips on Chinese economy

      China is on its way to become the largest economy in the world. This history of this growth is fascinating because of the many challenges it has successfully met along the past 35 years, and the challenges that lie ahead of this semi-industrialized economy.

       

      1- A successful evolution to market economy

      In 1978, China had a centralized economy, which was inefficient and slow without any possibility of an economic market.

      In order to avoid discontent from Chinese People, a new Chinese Government then restored a new policy reform little by little, starting with the dissolution of Communes. Each reform led to the next one and were entitled “reform without losers”.

      images

      Mid 1990, China works on a reform coalition which opened the economy to market, and privatized it on several front.

      This way, Chinese government achieved creating a semi-marketised economy, in which the government continues to play a major role, for instance through the power of the remaining state-owned enterprises and the state’s domination on the financial system.

      2-  An amazing growth

      This new policy has allowed an increase of the Chinese economy of 10% per year during more than 30 years. This policy succeeded “thanks to’’ a 300 million people population and the famous dollar a day poverty.

      This high rate of accumulation was actually necessary for a quick growth which was assisted by several factors like a ready supply from the rural areas and a new policy about primary and secondary schooling.

      china-flagge-kurve

      Furthermore, a high rate of productivity allowing a labor-intensive manufacturing at low cost has contributed to make China the Workshop of the world.

      3- China is the most inegalitarian country in Asia

      This quick growth created more inequality between rural and urban areas: discrepancies in income compared to the cost of life of skilled workers in urban areas are one of the key factors.

      China-gap-rich-poor-people

      High-productivity and very low income even for skilled workers has contributed to this rise of inequality. Chinese government considers this phenomenon as a threat to social instability and is currently trying to reduce it.

      4- China: a political economy success which still has weaknesses.

      If China has centralized a political governance, its economic governance is decentralized. According to some economic experts, this sharing of government power is dangerous for economy itself, because the government cannot control if these economic decision-makers pursue the aims decided by the Head of power.

      Furthermore, after a quick and powerful economic growth, China seems to see its economy slow down because of a lack of labour-workers and a rise of corruption, together creating more social instability.

      Chinese political economy has been a success but is now very fragile and needs a financial adjustment program to secure avoiding a financial crash.

      5- The life satisfaction of Chinese people

      chinois famille

      In China, measures are regularly taken regarding life satisfaction. With a rise of household income, we could expect a rise of life satisfaction too. But some studies revealed that the average was not higher in 2010 than in 1990. Actually, it depends of several key factors such as relative incomes (which has not risen), people’s sense of economic and social security (China has seen the biggest migration in human history with 100 million rural migrants heading to cities for work), perception of corruption and environmental degradation.

      Learn Chinese in Beijing
      Learn Chinese in Shanghai

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