Recognize the length and depth of Chinese technological history.įor each of the items, ask students to record when it was invented and where. Through this activity, students will be able to: If the teacher chooses, it can also be used as an opportunity to discuss stereotypes and their influence on our perceptions of reality, or as a culminating activity after the study of Chinese history. This activity is an informative way to introduce Chinese history and technology. Information given here is from Temple's book. Some of Needham's work has been condensed in a well-illustrated and informative book by Robert Temple ( The Genius of China: 3,000 Years of Science, Discovery, and Invention. His research has been published in the massive, and yet to be completed, multi-volume Science and Civilisation in China. This information has been compiled by the work of Joseph Needham and his colleagues in a study of ancient Chinese books on science, technology and medicine. Many are surprised to realize that modern agriculture, shipping, astronomical observatories, decimal mathematics, paper money, umbrellas, wheelbarrows, multi-stage rockets, brandy and whiskey, the game of chess, and much more, all came from China-in additional to papermaking, printing, and gunpowder. Somehow, they stumbled upon papermaking, printing, gunpowder, and the mariner's compass. " World Economic Outlook Database.A common misperception of Chinese historical society is that it lacked scientific and technological ability-and that modern China has 'emerged' from a traditional shell. " Major Foreign Holders of Treasury Securities." " China's Foreign Exchange Reserves Reach $3.25 Trillion, Hitting 6-Year High."ĭepartment of Treasury. Dollar (USD) to Chinese Yuan Renminbi (CNY) Exchange Rate for December 31, 2021." Dollar to Chinese Yuan Spot Exchange Rates for 2021."ĮxchangeRates. " Dollar Yuan Exchange Rate - 35 Year Historical Chart."ĮxchangeRates. " China is letting the yuan crush the U.S. " The Chinese currency: how undervalued and how much does it matter?"ĬNBC. " Biden Weighs Tariff Rollback to Ease Inflation, Even a Little Bit."Īustralian Government, The Treasury. " China Urges US To Lift Trade Restrictions, Stop Interference." " USTR Statement on Section 301 Tariff Action Regarding China."ĪP News. " China rolls back tariffs on US goods as part of trade agreement." " USTR Issues Tariffs on Chinese Products in Response to Unfair Trade Practices." " Rebalancing and the Chinese VAT: Some Numerical Simulation Results,". " Air Pollution Status in 10 Mega-Cities in China During the Initial Phase of the COVID-19 Outbreak." " Minimum Wages in China 2022: A Complete Guide." " Minimum Wage Hikes Sweep China in 'Common Prosperity' Push."Ĭhina Briefing. " Main Data of the Seventh National Population Census."Ĭouncil on Foreign Relations. These immigrants to industrial cities are often willing to work many shifts for low wages. Moreover, the majority of Chinese were rural and lower-middle-class or poor until the late 20th century when internal migration turned the country's rural-urban distribution upside-down. The law of supply and demand tells us that since the supply of workers is greater than the demand for low-wage workers, wages stay low. competitors.Ĭhina is home to approximately 1.41 billion people, making it the most populous country in the world. China has been accused of artificially depressing the value of its currency in order to keep the price of its goods lower than those produced by U.S.While Western manufacturers comply with various health, safety, employment, and environmental regulations, Chinese manufacturers generally operate under a much more permissive regulatory environment.China's business ecosystem of networked suppliers, component manufacturers, and distributors has evolved to make it a more efficient and cost-effective place to manufacture products.One of the reasons companies manufacture their products in China is because of the abundance of lower-wage workers available in the country.Given the abundance of Chinese products in the marketplace, it's understandable consumers might wonder why so many goods are made in China.
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