Personal Statement-Economics
Upon receiving my Bachelor’s degree of Industry at **University, the largest scale and one of China’s most prestigious institution of higher learning, I have worked for Shenzhen ** Biological Products manufacturer for almost seven years, which is based in Shenzhen, the first special economic zone in China.
As an undergraduate student majoring in Biochemical Engineering, I have conscientiously learned some economics coursed as Economic and Financial Policy, Probability and Statistics as well as my major courses. The clear logic and advanced mathematics inherent in the economic analyses and hypotheses have particularly fascinated me. From Adam Smith’s Wealth of the Nation to the Game Theory By Nash to J.M. Keyes to Samuelson, I have been inculcated in virtually all the great works of economics.
While I worked in the country’s business capital Shenzhen, my excellent performance made me to be a group leader in the department of quality control. Beside, I often advised the manager on how to improve our company’s managing and marketing system. Some of my advice was readily accepted. In my spare time, I kept on reading book on economics, and I have developed my own understanding of the present Chinese economy with system. I feel and it is an idea shared by many, that the Chinese government is presently struggling to adapt a policy, which would peacefully integrate the advantages of a market economy with the current Socialist system. To a certain extent, I feel that the government has been successful in implementing this arm. However, many problems have yet to be resolved.
In term of global economics, China still has much to learn. The government is far from reconciling itself with many of the principles that underlie the modern market. Gaining a profound understanding of my motherland and its urgent need for qualified economists, I have made up my mind to transfer from Biochemical Engineering to Economics.
In the process of preparing myself for advanced studies, I obtained a solid academic background in mathematics, statistics and basic theories of economics. Knowing that computers are essential for doing sophisticated research, I made special efforts in mastering computer technologies. To improve my oral English, I have frequented the English Corner in Shenzhen, where people often gather to conduct conversations in English. I have also watched many foreign movies in English. Now, I can talk with the foreign guests fluently. I do believe that I will have no trouble studying in English in the United Kingdom.
To have a tasted of the stock market in China, I invested seventy thousand RMB. But hard times hit me in December 1996, when the government threw cold water on the excessive speculation by vowing not to prop up the stock market in any circumstances. The prices of stocks plummeted immediately, and I lost about eight thousand RMB. From the sudden fluctuations, I learned that the Chinese were still inexperienced investors and that the regulatory regime over the stock exchanges needed a lot of improvement.
Due to the comprehensiveness of China’s reform and open policies, economics plays and increasingly important role in the development of its global position. New perspectives and insights are what China needs as it continues it reforms and modernization drive. Unlike developed countries in the west, which have practiced market economics for several hundred years, China has been trying to adopt market principles for only twenty years. The problems waiting to be solved are so many and so complex that even the bravest of the brightest can feel daunted. Nobody seems to be sure what China will face a few years down the road. Can China keep growing? Or will it suffer irreversible set back? On top its domestic problems, how will China cope with the international competition?
To help answer these questions, I need to further refine my expertise in economics. I hope to become one of the country’s own economists armed with
