Compose a 2750 words essay on Accounting Standards at Bank of China. Needs to be plagiarism free!The PROC (hereafter China) has been undergoing a transformation when the Communist Party decided to ope

Compose a 2750 words essay on Accounting Standards at Bank of China. Needs to be plagiarism free!

The PROC (hereafter China) has been undergoing a transformation when the Communist Party decided to open up the country’s economy to the world in 1978. Since then, China has become a socio-economic miracle: a communist-socialist country of over a billion people transforming its economy into the 2nd largest in the world after that of the United States, and an economic superpower that accounts for significant economic developments in the world such as the recent increases in the price of oil, metals, and other commodities to the lowering of production costs for global products such as clothes, appliances, and machineries, amongst many other things (World Bank, 1993. Stiglitz, 2002).

The Bank of China Ltd. (hereafter BOC) was founded in 1912, and until the 1949 communist takeover has performed various functions: as China’s central bank, a foreign exchange bank, and a commercial bank specializing in trade finance with branches all over China and in the major financial capitals of the world. After 1949, BOC was turned into a specialized foreign exchange bank. In 1994, it evolved into a state-owned commercial bank. in 2002, its holding company that was majority-owned by the Chinese government was listed on the Hongkong Stock Exchange. and in 2004, it was again transformed into a joint stock commercial bank in preparation for its initial public offering sometime after 2008 (BOC, 2006, p. 2-5).

China has a communist form of government and a socialist market economic system with capitalist features: the factors of economic production such as enterprises, land, and capital are owned by the proletariat but managed by the government that allows the people their use and usufruct.

Calculate the price
Make an order in advance and get the best price
Pages (550 words)
$0.00
*Price with a welcome 15% discount applied.
Pro tip: If you want to save more money and pay the lowest price, you need to set a more extended deadline.
We know how difficult it is to be a student these days. That's why our prices are one of the most affordable on the market, and there are no hidden fees.

Instead, we offer bonuses, discounts, and free services to make your experience outstanding.
How it works
Receive a 100% original paper that will pass Turnitin from a top essay writing service
step 1
Upload your instructions
Fill out the order form and provide paper details. You can even attach screenshots or add additional instructions later. If something is not clear or missing, the writer will contact you for clarification.
Pro service tips
How to get the most out of your experience with My Homework Geeks
One writer throughout the entire course
If you like the writer, you can hire them again. Just copy & paste their ID on the order form ("Preferred Writer's ID" field). This way, your vocabulary will be uniform, and the writer will be aware of your needs.
The same paper from different writers
You can order essay or any other work from two different writers to choose the best one or give another version to a friend. This can be done through the add-on "Same paper from another writer."
Copy of sources used by the writer
Our college essay writers work with ScienceDirect and other databases. They can send you articles or materials used in PDF or through screenshots. Just tick the "Copy of sources" field on the order form.
Testimonials
See why 20k+ students have chosen us as their sole writing assistance provider
Check out the latest reviews and opinions submitted by real customers worldwide and make an informed decision.
11,595
Customer reviews in total
96%
Current satisfaction rate
3 pages
Average paper length
37%
Customers referred by a friend
OUR GIFT TO YOU
15% OFF your first order
Use a coupon FIRST15 and enjoy expert help with any task at the most affordable price.
Claim my 15% OFF Order in Chat
Live ChatWhatsApp