China 's Economic Growth

Since the reform and opening up, the economy of China grows significantly, as an emerging economy, China's economy has made tremendous contributions to the global economy, and Renminbi has become one of the most important currency in the world. According to the survey conducted by China National Bureau of Statistics found that from 1979 to 2012, China has attained an annual average growth rate of 9.8% for its national economy, while the annual average growth of the world economy is only 2.8 % during the same period. In past 30 years, China's GDP surpassed Japan’s, China became the world 's second largest economy, in addition, the huge total volume of trade makes China become the world 's largest trading nation. The contribution of China’s

The rise in China from a poor, stagnant country to a major economic power within a time span of twenty-eight years is often described by analysts as one of the greatest success stories in these present times. With China receiving an increase in the amount of trade business from many countries around the world, they may soon be a major competitor to surpass the U.S. China became the second largest economy, last year, overtaking Japan which had held that position since 1968 (Gallup). China could become the world’s largest economy in decades.

The major actors involved in the Chinese challenge include the US government, the Chinese Government, US and Chinese businesses, and the American Citizens. When analyzing the hierarchy of goals for the Chinese government, it is important to note that the Chinese Communist Party is not democratically elected. Their mandate to govern has been based on China’s strong economic performance. Above all else, it is crucial for the Chinese government to maintain its economic success. 29% of China’s GDP is composed of exports of goods and services.

And with this strong role China has been assuming, so has it been getting stronger by building military equipment competitive with those of the U.S. and drawing narrower a military gap it once possessed when compared to America’s armed forces. Furthermore, China has “displaced the United States as the world’s leading manufacturing nation” in 2010 (US Foreign Policy, pg. 414). Not a surprise since a majority of products purchased in the U.S. carry a label stating, “Made in China.” And predictions hold China as the world’s largest economy by year 2041 (US Foreign Policy, pg. 415). Thus, the fact that China has become an emergence matters. Since the dismantled of the Soviet Union, the U.S. was not challenged, when it came to power by any other competitor, however now, the U.S. dominance in international politics has to deal with a China that has the capabilities to lead the world’s economy.

By granting China most-favored-nation trade status the United States has started that long and difficult process of bringing China out of its international dark ages. In order to live up to the terms of most-favored-nation trade status China has had to become more open to social and economic changes. These reforms included more economic freedom, easier access for foreign direct investments. The economic developments these reforms have been to a main cause for China’s newly increased gross nation product. Over a ten-year period from 1978 to 1988 most-favored-nation trade status was directly responsible for an annual ten percent growth in China’s gross national product.

China’s ‘peaceful rise’ policy defined China’s foreign relations strategy since Deng Xiaoping promote the ‘opening up’ philosophy since 1979. China acknowledges the significance of international cooperation and global governance to its economic development, as Barry Buzan observed, ‘China put its own economic development as top priority, and deduced from that the need for stability in its international relations both regionally and globally’. What is more, in 2005, Zheng Bijian wrote that ‘China’s peaceful rise will further open its economy so that its population can serve as a growing market for the rest of the world, thus providing increased opportunities for – rather than posing a threat to – the international

While it is no secret that China seeks to become a great power, her goals are juxtapose to many other nations who sought the same goal over the last century. China is not out to impose an ideology upon the rest of the world as the Soviet Union did, nor does she plan to become a great military-industrial power as did Japan. China’s goals are multi-dimensional and seek slow and steady progress over the long run. In this respect, China is acting more like America: seeking to shape the world to fit its needs, rather than reacting to the world as others shape

Furthermore, Capitalism with Chinese characteristics demonstrates the implications that Tiananmen Square incident of 1989 had on shaping china’s domestic policies, which are closely linked to shaping their foreign policies. Over the course of this class we have seen the heightened tensions in relations between China and the international community. In the early 1990s, China began diplomacy with neighboring countries, beginning by normalizing diplomatic relations. This trend would continuously develop in the late 1990s. It can be seen as a reaction to China’s escape from its international isolation that followed the hostile international environment shaped by the Western nations' criticism and sanctions following the Tiananmen Square incident

For example, in the aspect of China’s economy, the country is becoming more economically active with other countries. China currently holds 1.8 trillion in foreign exchange reserves; these foreign exchange reserves come from their exports. (Lotta 36) The United States alone receives the most goods from China as opposed to any other country. With China leading in its exports, the country’s current holdings have become a leverage in today’s world economy. The rapid development of capitalism in the country will pose a threat to the powers of the United States. Ultimately, this will bring about conflict among China and the United States; China’s rise will undermine the United States’ unipolar moment, and will give China the upper hand when it comes to international relations. Resulting from this, there would be conflict over the international rules and regulations. In short, as of 2008, China’s participation in world affairs has increased, thus, allowing their economy to flourish; as this happens, China will have an opportunity to shift the laws of international affairs in their favor, and this will lead to Western powers being unsatisfied. Therefore, tension among Western order and Chinese order will prevail.

The United States and China have long had a complex relationship. The tension between the two powers is related to the communist regime in China. The United States and China have almost always been on opposing sides in a conflict such as the Korean War, the Tibetan uprise, or the race for nuclear weapons. However, just as the United States has grown in power, China has done the same. China is and always has been the most influential state in Asia. While it has been on the world stage for sometime, its economic and military power has been undermined by more pressing international events. As China’s rise becomes more apparent, many wonder what effects it will have on the global economy and whether it will lead to conflict between the United States and China. Through the exploration of realism, liberalism, and constructivism the consequences of China’s rise can be understood.

China, the second leading exporter in the world, is known for their immense role in the United States economy. Without China’s contribution to the U.S. economy, the United States would suffers tremendously. This is the same case for China, the contributions from foreign companies is a big reasons for China's success. The relationship between these two superpowers were not always very strong. For years the United States trade system was not a very compelling situation for other countries to do trade. As the United States evolved into the superpower country they faced a lot of complications. For the United States of America to remain one of the world’s most powerful countries a strong relationship with China is a necessity. The continuation of

The United States, especially, has been concerned with China's treatment of political dissidents. In May, President Clinton decided to end linking China's trade status with the United States with its record on human rights. China is fully aware of United States' concerns about its human rights record. Given the fact that the United States has made it clear to China that that record will be allied with trade status, China's timing of such restrictive activities has caused United States legislators and administrators to question China's sincerity in its desire to have a favored trade status with the United States. China appears not to understand or to be able to follow through on fundamental modern economic practices. Even on a day to day basis, China's economic leaders seem unable to understand how some aspects of a market economy work. It is no wonder that Chinese investors become anxious about their investments. The issuance of shares in the Shandong Huaneng Power Development Company also demonstrates the lack of expertise on the part of the Chinese in the modern world market. Certainly, one thing that the CCP has attempted to do is create a market economy while retaining a state controlled system. The lack of a private capital market has handicapped

It is not until today that we see China as a rising power, so powerful that could shake the core of global system. Recent resilient economic growth and other development indexes have been widely quoted in thousands of political writings as the prominent evidence alarming about upcoming “systemic changes”. In fact, while Europe was still in the shadow of Dark Ages, China was inventing compass, gunpowder, paper and printing technology. While Penicillin was discovered in 1897 by Ernest Duchesne and later Alexander Fleming, China has been using soybean mold as antibiotic measure for already two thousand years. This is explicitly to say that the preeminence Chinese power is not a modern issue emerged from Mao to Xi period, from Long March iconic leaders to modern ambitious technocrats. During colonization period, the West has been constantly disregarding the strength of China and this only changed dramatically after 1976 when Mao death triggered a new period filling with economic successes.

Over the past three decades in China, it goes without saying that it was miracle that economic growth increased rapidly. For the size of gross domestic product (GDP), China grew by around 10% per year on average, so that it became the second largest economy in the end of 2012, behind the United States. During the last 30 years, the GDP per capita raised from $205 to $6075. One of the most crucial achievement is that China, the largest exporter and the second largest importer, ranked NO.1 in the world for foreign exchange reserves, reaching $3.3 trillion. However, despite the benefits for achievement in China, the problem also cannot be ignored. Because of the rapid population growth, people got great pressure for the cost of

We first turn to David Kang’s 2003 article “Getting Asia Wrong: The Need for New Analytical Frameworks.” This piece attempts to analyze the response of neighboring Asian states to China’s rising economic and military power since the end of the Cold War. In this, Kang analyzes the situation through comparing the actual responses to what a realist perspective would dictate would occur.