On the sources of international investment law Essay

On the sources of supranational investment law - Essay ExampleAnd it is in this course that we are to understand economical movements in China today.The Peoples Republic of China (PRC) is the worlds largest market, with a population of 1.3 billion people and an area about 9,600,000 consecutive kilometers in the southeastern Eurasian continent. 2 Being such, it is no wonder that foreign investors are in truth gunning to do business with her. Thus, the 1978 Third Plenum of the Eleventh Party Central Committee that discarded the slogan find class struggle as the key link and in its place embraced a shift to collectivised modernization that entailed economic and technical cooperation with other countries3 has been welcomed with great enthusiasm by foreign investors. In fact, this open door policy has been successful in attracting foreign direct investment (fdi)4 thereby, devising China a new economic power5 to reckon with.And everything is no easy task. ... Hong Kong provides o r so 60 percent of cumulative FDI, its precise contribution is complicated by round tripping and the routing of FDI from slightly other countries via Hong Kong, especially overseas Chinese from Hong Kong, Taiwan, and South East Asia. Being such, the important role of Hong Kong in the international trade and foreign investments of China is something that cannot be relegated in the periphery of the economic reforms and development of China.The spatial relation of international trade in China is a result of Chinas embarking on liberalization coupled with reforms in exchange rates and prices plus decentralization of power. These reforms are made feasible because the government of China has seen that some socialist principles are no longer suitable in meeting the needs of the people. In fact, the restructuring that the Chinese government is working on is geared towards creating a more viable Chinese economy that has for its read satisfying peoples needs. But all of these arrived only after China has seen the factors that lead her to her own stagnation in terms of economic development. Eight points6 are raised as the root causes of Chinas economic retardation. And these are initiatory is the blind adherence to high targets in production and construction with out properly attending to economic results. Second, is the investment on heavy industry so much so that agriculture and light industries are relegated to the periphery of the economy. Third is the focus on new enterprises and capitals while existing enterprises are given marginal support and attention. Fourth, is overemphasis on the output of primary and intermediate products instead of giving attention to production of