Emergence of China as the Leading Economic Power

China is facing difficulties both inside and outside. Since China cannot regain its advantages, the only choice is transiting away from low-end manufacturing. The days of cheap, endless labor is limited, but has not ended. China still has time to invest in research, design and development and train skilled workers to create China’s own high-tech products and brands. If China could relax the One-Child Policy and invest more on children’s education, Chinese manufacturers could have more skilled workers to innovate and produce their high-tech products. China’s manufacturing is at a

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.

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, 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

. In the contemporary scheme of things China makes up for roughly 11% of the world’s exports, an amazing feat for a country that practiced an isolation policy and communism only forty years prior. Additionally, China with a large-scale allocation of funds to improve poverty ratings has successfully brought four hundred million people out of poverty, into a lower-middle class. Now, while still competing with Japan for Asian hegemony, China enjoys a great deal more security and prosperity through its transformation from a failing communist state to a wealthy hyper-capitalist state. Through capitalistic economic reforms, an export led economy, and efficient one-party, authoritarian politics China has been able to bounce back from three decades

Henderson, Callum. China on the Brink: The Myths and Realities of the World's Largest Market. New York: McGraw-Hill, 1999. Print.

Two Years after the death of Mao Zedong in 1976, it became apparent to many of China's leaders that Economic reform was necessary. By 1978 " Chinese leaders were searching for a solution to serious economic problems produced by Hua Guofeng, the man who had succeeded Mao Zedong as CCP leader after Mao's death" (Shirk 35). As Susan L. Shirk describes the situation in The Political Logic of Economic Reform in China, restoring the CCP's prestige required improving economic performance and raising living standards. After the communist take over the country, Mao contained his emphasis on moral force by demanding that Chinese citizens demonstrate what he referred as "correct consciousness".

China’s sudden growth and rise to an economic superpower has affected the worldwide economy, the worldwide environment, and its own private industry in ways that may have longstanding effects for the future.

In the past decade, China has proven their potential to be peaceful in their rise to power. The United States was acknowledged as one of the leading world powers in the late 19th century, following the Cold War. This power came to be as a result of significant domestic industrialization and widespread international influence. However, China’s case is a bit more complex. It’s rise to power was marked by the Communist Party’s completion of its sixth 5 year plan in 1982. Despite the country’s rapid development, much corruption and violence had occurred in its beginning years. Still, China will likely not repeat the same mistakes and will avoid international conflict in its advancement. This can be predicted by examining the country’s current economic growth, stable relationships with trading partners, and their keen focus on keeping citizens satisfied with the government.

China has always been a country talked about whether it’s because of trade that the U.S. and other countries are involved in or how much they have grown as a country. You usually hear a story in the news about their growing power. China has become one of the top countries in the world ranked as #2 right behind the United States with a GDP of $10.4 trillion U.S. dollars as of 2014 and continues to rise. China has transformed itself to a manufacturing and exporting hub since they were a centrally closed economy in the 70’s and has grown over 7% in the past couple of years while continuing to grow. What makes China’s economy powerful? As you continue to read this research paper you’ll understand why and how China has grown with their economic, military, and political power.

China is the second largest economy in the world after the US. This is measured by both nominal GDP ($4.99 trillion), and by purchasing power ($8.77 trillion). The Peoples Republic of China, as it is officially called, is the world’s fastest growing major economy in the world with an average growth rate of 10% for the past 30 years. China is also the second largest trading nation in the world as well as being the largest exporter and second largest importer of goods.

China, the world 's second largest economic power, one of five permanent members of the United Nations Security Council, and the only Communist Party-led authoritarian state in the G-20 grouping of major economies (Susan V. Lawrence, 2012). Over the last three decades, the value of Chinese trade has approximately doubled every four years. This rapid growth has transformed the country from a negligible player in world trade to the world 's second largest exporter, as well as a substantial importer of raw materials, intermediate inputs, and other goods. What businesses must focus on is how a country’s political system impacts the economy and the particular industry. Firms need to assess how local policies, rules, and regulations

The last 20 years of china economy has been dramatic. World exports from China are growing dramatically to industrial country markets . This process could continue for some time because of huge youth population. However, by some indicators, China 's experience is less dramatic than that of Japan and Korea during their period of industrialization and integration with the global economy.

There is a rise in demand for Asian trade due to lower total costs compared to the costs of a North American product. CN wants to increase revenue and profits by participating in this market transporting goods in and out the Asia and North American markets. If CN were to expand internationally with rail lines and operate like their North American network there are many factors to consider such as government regulations, costs, infrastructure and technology. The Asian Development Bank’s share of total lending for transportation infrastructure has been rising with relatively large programs in China and Southeast Asia. China, Mexico and parts of Southeast Asia, in particular, are quickly expanding or enhancing road and rail infrastructure, supporting rapid growth in their respective economies. China’s railway system has been in decline, but leadership has realized the need to upgrade the rail system in order to connect the less developed, but resource rich, northern and western parts of the economy with more prosperous manufacturing centers in the East. This will foster development outside the coastal provinces.