Myths In China

International banks would decrease in size due to the lowered flow of U.S. dollars and reduce the chances for poor investments. The other two scenarios result in a continued global crisis, as countries such as China may remain focused on exports and foreign investors holding the U.S. dollar may lose confidence in the American financial system causing a rise in the cost of capital. These situations are likely based on the Triffin dilemma, or the loss of confidence in the American dollar. According to Ahamed, "The risk of such a situation is clearly on the minds of Chinese policy makers. Zhou Xiaochuan, the Governor of the People’s Bank of China, explicitly referred to Triffin’s dilemma in a speech this March on the need for reform of the international monetary system" (2009).

Ancient Chinese symbolism, myths and traditions promoted a distinct culture in China as is evidenced by creating a unique architecture, reflecting a spiritual aesthetic in art and literature, and prompting the observance of ancient customs. The Ancient Chinese left an indelible mark on China’s culture. The first Chinese communities that settled the Yellow River basin and spread their belief set in motion a worldview that influenced the Chinese people and caused a dominate culture to emerge. Each generation was accustomed to accepting the stories that had been passed down by previous generation. Since the symbols, myths and traditions were popular and deeply embedded into society the customs were easy to maintain.

For the last twenty eight years, China has been quickly growing into one of the largest economies in the world. China has accomplished this feat, in part, by radically changing their policies on trade and free market interactions with other countries. During this process, China has bought approximately one hundred trillion dollars of United States debt in the form of Treasury bills, notes, bonds, and Inflation Protected Securities (Amadeo). This debt has given China leverage against the United States which has enabled China to keep the value of the United States dollar high, while keeping the value of the Chinese yuan low. As the inflation of the dollar continues to negatively affect the

In 2008, the Global Financial Crisis broke out; both the American economy and the economy in the West suffered a hard blow. However, a big economy system in the East emerged unexpectedly. China is now able to challenge the America’s decades-long dominant position in economic area. Started during the middle of 1990s, China’s manufacturing industry developed rapidly that billions of exports were floating out, and China was given the title of “the world’s factory”(BBC). By the end of 2010, China with a GDP of $5.8 trillion, surpassed Japan’s GDP of $5.48 trillion, became the world’s second largest economy system (BBC). China also exceeded Japan became America’s largest foreign securities holder. Since then, China has been seen as the US’s

Which goes back on how the dollar is back up. Another deal that countries see is that they can also exchange the Yuan which they have, to the federal banks of China into gold since their money is control in a gold standard economy.

With trade, a growing population, and the government not being able to pay for things came hyperinflation, simply a great depression. Although we are a leading economic nation right now, China’s economy is at an incredible pace and can and in many ways already has taken over ours. As Rome did, we often overextend our reach beyond the point of return on investment. We owe China lots of money to begin with from buying things from them, and also borrowing money. From what I understand, if China sells off our treasury yields, it will make our currency not worth as much. When our currency isn't worth as much it causes inflation, which can cause a major downfall.

The United States and China have had a well-documented rocky relationship. It has become common knowledge that America is in debt to China for around a trillion dollars. With countries like the United States indebted to them, there seems to little doubt that China is well on it's way to becoming a super power. Author John Tkacik agrees with this notion, and suggests that all evidence points to China becoming a military superpower. He goes on to state that in less than a decade, China will become America's only competition for both military or strategic influences. On the other hand, however, author Samuel Bleicher disagrees due to the disadvantages of having a Communist government, as well as, weak economic, social, and legal structure. He

2. According to author William Greider, executives and marketers must take into account the following new realities in the global economic situation:

The following examines the nation of China and its trade relations with the world, particularly the United States. The focus is primarily on China’s culture and how it impacts business dealings with other countries. Areas examined include: Religion, Management Philosophy, and Business Etiquette. Also discussed is China’s growing status as a world super power and how that has impacted the global business landscape. Likewise, various trading partners are examined and the effects of doing business with China, specifically for the United States. Points of concern for the United States are things such as the

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.

China will likely prove to be a significant market for the U.S. in the future. China is one of the world's fastest growing economies, and with its efforts to reform,

In the 1950s, exchange mediators developed a rich answer for a vexing issue: the hazard that poor nations would grab the oil fields, mines, and industrial facilities of Western enterprises that worked inside their outskirts. Dreadful of nationalization or other unforgiving treatment, multinationals were keeping down on speculation. Everybody lost. The appropriate response was to incorporate dialect in bargains indicating that question among financial specialists and governments would be settled by free referees, not courts in the nation where a difference emerged. That gave organizations certainty that their tasks were sheltered and unleashed trillions of dollars of cross-fringe speculation. Today there are around 3,000 settlements between

China is supplanting its primary economic opponents around the globe to a great extent without the utilization of power. China 's prosperity denotes the first instance of realm building in the time of globalization. The United States played a key role in China 's economic ascendance by advancing globalization and grasping, lately, free market conventionality (Zhang, Duysters & Filippov, 2012). In the records of history, it will be noticed that it was the United States itself that championed another economic structure which at last undermined its own particular position on the planet. China 's choice to open its economy to the world concurred with the U.S. drive for globalization. In addition, the United States and the Western companies opened the financial conduits to China through direct venture and subcontracting trade agreements. Notably, as the Western capitalism went global, China turned into the factory of the world. China has turned into an undeniably critical part of the worldwide trading framework in the course of recent decades; enthusiasm for the nation and its universal financial strategies has expanded among global business analysts who are not China authorities (Petras, 2012). This paper represents an endeavor to give a review of the business atmosphere toward globalization in China with and a brief outline of the real strides in the advancement of Chinese strategy towards international trade as well as foreign direct investment, protectionism, and their

The following paper coherently illustrates the trade patterns of USA and China and describes the various trade policies developed over the past years that have impacted the respective economies of both countries alongside the effect of the same on the bilateral trade relations between the two. Based upon the previous statistics, US-China trade is considerably one of the largest trading partners in today’s economies. Both countries’ trade relations entail exchange of investment, services as well as goods varying from agricultural products to non-agricultural products. Currently, China is the second-largest trading partner, third-largest export market and the biggest source of imports for the United States. The U.S. government’s debt purchased by China provides US the benefits of low interest rates (Morrison, 2015). While for few this economic relationship is considered to have a positive effect as it helps to fund the U.S. economy, for others it is an attributable concern that China may gain more power over the U.S (Loc.gov, 2016).