The Impact of the Growing Economic Power of China

China is the country with largest population. Not only that china is the largest media market in the world and has the world’s largest online population. We can also say china now a days run its business based on web or ecommerce. Moreover, china is one of the world’s top exporters and is attracting record amounts of foreign investment. Here we discuss something about china now let’s begin with macro approach.

China is a growing country; its population is about 1.4 billion, and as of 2014, the Chinese economy is the world’s second largest (in terms of nominal GDP,) totaling approximately US$10.380 trillion, with a growth rate of 7.4%, and the GDP per capita is US$3,619.4. From last century to this century, China has had significant improvements in their economic development. China had been in three major crises during the last century: the 20th century. The Fall of Qing Dynasty, World War II, and Civil War in China, all of them struck China in a destructive way. From the end of the 20th century, China was in a fast-developing mode.

It is well known that China is one of the biggest countries in the world in terms of area which covers an area around 9.4 million square kilometers, and also has the most heavily populated countries in the world with a population of 1.4 billion ( continue to increase ) between the years of 1950 - 2015 ( Population Research Institute, Morse.A , Feb 18, 2015 ). China's population is concentrated in the urban areas because of the availability of modern and civilized life, such as Beijing, capital city with 130 million of china’s population, which become the largest city most populous in the world in the year 2015 ( Population Research Institute, Morse.A , Feb 18, 2015 ). The number of 1.4 billion become a scary number in term of population in one country like China because to compare with other world’s population it’s equivalent to 19.22% of the total world population ( Population Research Institute, Morse.A , Feb 18, 2015 ) .

China is the most populated country containing over 1.2 billion people. China’s full population growth has increased exponentially in the last few centuries, rising from around 65 million people in the early 1400s to 150 million in 1600 to 583 million in 1953 and precisely 1.2 billion today.

Spanning over the last few decades, China’s economic rise seems nothing short of a phenomenon. The country has flourished – growing from being impoverished to what is now the world’s second largest economy. Many analysts describe this massive rise in such a short time span as “one of the greatest economic success stories in modern times.” (SOURCE) As China’s gross domestic product (GDP) rapidly escalates, Western countries are in fear of China soon becoming the world’s largest economy. However, with the help of penetrating evidence, the myth of China as being a threat to the United States’ economy is debunked in Peter Nolan’s Is China Buying the World?. Published in 2012, Nolan, an international expert on China’s economy, analyzes China as

For many years China has been the leading economic power in the world, even surpassing the United States. Recently, the country has been hanging onto that title despite its weakening economy. China’s economic growth has been declining due to job losses and lack of manufacturing. However, there have been numerous attempts to fix this problem. According to an article in the New York Times, China has created a new world bank — despite skepticism about that idea by other nations including the United States – in order to maintain its global and free economy. China has been trying to maintain a free economy, an idea that would not have worked or even been conceivable during the time China was a communist state. There were many attempts to try

China was one of the fastest growing economies after 2000. China’s GDP grew at an average of 10% from more than last decade with fast paced manufacturing and industrialization. Shanghai stock exchange, biggest stock market in Chinese economy, kept on growing at fast pace, which recovered quickly through global meltdown of 2007 and after 2014, it grew enormously, due to which it almost doubled its value within a year. Increasing trend of Margin trading and overpriced stock prices gave rise to a volatile bubble which finally burst in June 2015, which led this country to face the biggest stock market crash of their history. We will try to analyze whole event, all the factors which contributed to this Government supported fiasco and its impact on future of Chinese economy as well as on the rest of the global economy.

The article chosen is an informative demonstration of how China has emerged as a leading economic power. In just a few short years China has managed to position itself as a manufacturing leader in many of the industries that are most heavily needed by the other nations throughout the world. How China has done this is a remarkable story and provides a compelling reason for choosing an article about their success as a topic for this paper. The article not only highlights China's success but also provides insight into how China is becoming a partner in the world economy much like the United States did in the 50s and 60s and how readily the rest of the world is accepting China's participation.

conditions must be met by China before the nation can become a member of GATT

Today, China has a large excess of capital. The international reserves of China are currently above $3 trillion. Because of the fact that China’s financial system is very small and undeveloped for the immensity of the nation,  China needs to have a greater amount of capital outflows.. For example, in the United States alone, Chinese consumers spent $12 billion on U.S, real estate in only the past year. This trend means that U.S and other foreign real estate will continue to be bought Chinese investors both for residential usage and for hard assets like farmland or similar physical capital.

China also called the People’s Republic of China (PRC) is located in East Asia. China is the world’s third largest nation. With a land, area of over 3 million square miles and population estimated to be over 1.3 billion people. China has over one-fifth of the world’s population. It boarders thirteen countries, some of those countries include Russia and Mongolia to the north and to the south are Myanmar Laos and Vietnam.

China has the second-largest economy and one of the biggest stock exchanges the industry and the agricultural sectors provide the largest revenue for the state. The United States of America has the largest economy followed by the Republic of China. In terms of Population, China has the largest population, then India followed by the USA. These factors and the economic considerations have placed the country being a world superpower in the near future with the rapid economic developments. The economic stability of the country can also be attributed to the cultural development of the ancient China states. The country was generally socialist, but recent times have seen a transformation from the socialists to the capitalist side. Although the country can be said to have gained economic

China has the largest population and one of the fastest-growing economies in the world. If only one percent of its population participates in the New Economy, China

economy. China is the biggest exporter and second biggest shipper crosswise over world. In the year 2012, China 's per capita GDP was $9,233 contrasted and $49,965 in the U.S. In future till 2020 China GDP may reach $10,000, one-fifth is anticipated for the U.S. China 's populace in 2012 was 1.4 billion, America 's 316.5 million. In 2020, China 's populace will be quadrupled that of the U.S. China 's financial development rate will stay to increment at a higher rate in light of the fact that the base of economy will develop is colossal in examination. These two extraordinary significant forces will coordinate or contend.

Close to four decades ago, China’s economy was under centrally-controlled, stagnant and isolated from the global economy. Then everything changed after 1979 when the foreign trade investment and free market reform was implemented. Not long after it was implement China’s become the world 's fastest growing economy and now the largest economy in the world surpassing even United States. Today, China is focusing on a more sustainable growth pattern and implementing changes to industry and economic structure.