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EN
The aim of the paper is to indicate China as the emerging superpower on a global scale whose economy is entering the group of countries deciding abort the economic condition of the whole world. The analysis is based on the assessment of statistical data of the Chinese economy and demographic forecasts combined with the elements of 'civilization code' as present in the history of China. The analysis results indicate that the appearance of China on the contemporary world arena is not a new phenomenon but a continuation of the county's position from the period of its European expansion. So far, China has been classified as an underdeveloped country (Third World country) which resulted from a temporary collapse of Chinese economy and Chinese society in the 19th and 20th centuries. The paper aims to indicate the necessity of giving up the Western European perspective in analyzing the phenomenon of contemporary China and the necessity of focusing on the attempt to understand the laws governing the Chinese society typical of the Chinese way of world perception. From this point of view it becomes obvious that the rest of the world is not threatened by the Chinese aspiration in the future 'clash of civilizations' as anticipated by the 'Huntington paradigm'.
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World Phenomenon of the Chinese Economic Dynamics

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EN
From the end of the seventies Chinese economic achievements attracted the whole world's unflagging attention. The sources of the long-lasting development success are many while the specific conditions of modern Chinese uniqueness should be searched even in many thousand of years of shaping a different civilization. Thus, to some degree it concerns also separate elements of the current strategic and tactical concepts, and especially the dynamic economic growth philosophy on the market terms - with only some aberrations, at the same time keeping the authoritarian political system that liberalizes itself insignificantly and slowly. After many years of rapid growth China gained export surpluses not only when it comes to the traditional consumable articles but also in the area of electronics, certain industrial appliances etc., which shows the gradually growing industrial versatility. With strong development of its own scientific-research area, it is also important that foreign direct investments from many world countries, including Taiwan, enter the Chinese market in record quantities. Chinese development dynamics already caused significant prosperity growth in some regions, however, chosen parts of the rural economy stay outside the area of the intensive growth. One also has to notice that the extremely quick growth creates potentially different kinds of threats to the economic balance and structural transformation in China.
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Gender Wage Gap in Urban China

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This paper analyses the gender wage gap and returns to education in urban China using data collected from Fangshan, Beijing. The traditional Oaxaca decomposition shows that the unexplained part seems to dominate the gender wage gap in urban China. The Appleton decomposition, which takes into account sectoral location, shows that the gender gap is mostly within sector and most of the intra-sector wage gap is unexplained. The gender pay differential due to sectoral location is small; in fact, the overall sectoral location favours female in urban China.
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INDIA, CHINA AND GLOBALIZATION PROCESSES

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EN
The paper aims to show the relationship between the economic processes taking place in India and China and the economic processes expanding on the worldwide scale. The dynamic development of both the Indian and Chinese economy has its effect on the world economy as well. The article presents the genesis of Indian-Chinese political and economic partnership connected with the new circumstances in the world economy after World War II and both countries' efforts to overcome development delays. It also shows the Indian-Chinese cooperation manifested in choosing the neutralist option in the foreign politics, the regress in Indian-Chinese relations, and the change in the international situation after the end of the military conflict in Vietnam. The opening of the Chinese as well as Indian economic space constitute the driving force of the progressing globalization process.
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EN
The objective of this paper is to focus on one of the directions of the China's diplomatic expansion tending to obtain new sources of supply - i.e. the African direction. The author draws a history of China's relations with African countries, and describes a broad range of diplomatic tools the China uses to pursuit its goal, namely differentiation of fuel resources. The author presents the processes, plans and undertakings of the Chinese government towards the countries such as Cameroon, Liberia, Sudan, Zambia, Namibia, Mozambique, and Gabon. The author concludes with the statement, that Africa provides a perfect hinterland for rapidly developing Chinese economy. Observing China's policy towards Africa a thorough evolution of defining foreign policy can be perceived. Ideological issues have been visibly shifted into the background. Their place was taken by pragmatic policy, focused on contemporary and current conditions.
EN
Since the second decade of the 21st century, the Chinese economy has reached a qualitatively higher stage of development. In literature, this development stage is referred to as the “new normal” and is characterized by the balancing of disproportions in the Chinese economy. The present paper deals with the qualitative changes in Chinese foreign trade from the end of the global financial crisis to the present “new normal” era. The main aim of the paper is to examine the qualitative changes in the commodity structure of China’s exports and imports during the “new normal” in the second decade of the 21st century. We conclude that during this period, the Chinese economy was transformed into an economy with a high GDP share of innovative secondary and tertiary sectors with a change in the commodity structure of foreign trade in favour of high valued products. We conclude that China’s position in the world economy is changing from a “world factory” to an innovative economy.
EN
The article aims at describing Chinese reactions on the world economic crisis. They are reflected by solutions applied in the currency/financial sphere as well as in the real economy. The effectiveness of maintaining the currency stability and the export offensive which multiplies the currency reserves results in further economic growth. It contributes to forming a new centre in the Chinese economy, thus affecting the non-Chinese sectors of the world economy.
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