The rapid rise of China is considered as one of the greatest financial achievement, domestically China achieved a major change by raising 500 million of its people out of extreme poverty and we can say that China attained a major economic power within the span of three decades. It became the world’s largest holder of foreign exchange reserves, manufacturer, and the largest merchandise exporter. China’s remarkable economic growth for the last two decades can even go beyond the United States’ size of gross domestic product (GDP) as well as inflict significant political influence in East Asia. Furthermore, China hold the largest and strongest armed forces arsenal with an astounding excellence in its armed forces capabilities to become the …show more content…
China’s strategy of rising great power was considered a peaceful rise or a peaceful development and in order for the china to continue benefiting from world globalization with without the free riding theory, is to emphasizing to its neighbor’s through actions that the country is a responsible and cooperative member of the international community, and enhancing their relations with the world’s leading states. These efforts involve that China can develop multilateral policies instead of unilateral ones. Therefore, they can develop good relations with other states and proving that there are advantages in dealing with them. As China becomes more powerful and fully arrived on its great power, this will certainly create new challenges since more power creates more opportunities to influence.
The Chinese economic influence and challenges, china 's strengthened its economic power through economic planning process, however it involves some erroneous tactics that can affect their economic status and according to the Global Trade Connections AIWA Investment “acting as an ‘engine’ of the global economy would be impossible unless China fundamentally changes its primarily mercantilist goals. Economic progress has been viewed mainly as a means for increasing national power. The economic methods which have underpinned its recent progress have involved unproductive use of capital and protecting financial institutions with bad balance sheets by maintaining a current
These effective strategies helped Hong Kong overcome the financial crisis. All these facts fully demonstrated that China is a responsible big country. After the Asia financial crisis, the importance of China's economy has been brought into focus; China's neighboring countries have begun to recognize the influence of the Renminbi.
In Susan Shirk’s book ‘Fragile Superpower’, the author illustrates that the multitude of internal problems that China faces and will continue to face could potentially undermine its peaceful rise. Although the Chinese people have experienced a major upgrade in their living standards in just twenty-five years, the Chinese economic transformation has not been without significant social and environmental costs. As a consequence of its economic transformation, China has developed a number of internal stresses, which have posed existential threats to its national economy and political structure. One of these stresses is a growing shortage of natural resources in China. One significant systemic level cause for the rise in Chinese developmental finance
With a gross domestic product (GDP) calculated at the equivalent of $11.06 trillion and an average growth rate of 1.84 percent, China has the potential to surpass the United States' economy by the year 2030 (citation 1). China's rapid GDP growth is caused mainly by state investment, high exportation, and successes with e-commerce (citation 2). However, China was not always a country eager to open its doors to economic opportunity. Instead, the government strove to maintain self-dependency and to limit influence from other countries. Through the decades of isolation, many countries attempted to gain trade relations with China. These attempts usually were unsuccessful. It wasn't until the late twentieth century until China began forming the economic
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
The growth of Chinese power over the past few decades has been nothing short of astounding. Moving from a gradually developing country in the latter half of the twentieth century, China now has established itself as undeniable paramount power in eastern Asia. With this, concerns have grown over security in the Asia given China’s growth in power. Will the rise of China bring with it mostly peaceful relations with its neighbors, or will its rise elicit increased competition within the region as China seeks to further cement its power?
The rise of the People’s Republic of China (China) in today’s world has evolved into a new reality. In this essay, it will be noted that although China is increasing its prominence in international politics, China will not be a dominant global actor in the near future. In this evaluation, the phrase “dominant global actor” will be defined, and the parameters for “near future” will be set to the next two decades from now. This essay will then outline examples on how China has increased its presence to affirm its increasing prominence in international politics before considering the many arguments that will show why China will not be a dominant global actor in the near future.
China has undergone dramatic change in the past few decades. In contrast to its isolation from the international community in the 50s and 60s, China today is not only a member of virtually every international organization but even has the potential power to question and reshape the structure and norms of the institutions it has joined. No other country has undergone as total a transformation as has China during the last quarter of the twentieth century. The great change could be traced back to 1978 when Deng Xiaoping and his associates launched a reform that has changed the country in all spheres. Under Deng’s leadership, a step-by-step opening policy was introduced concurrently. The government shifted the economic strategy to emphasize the production of goods to sale abroad; five special economic zones were established as means of encouraging foreign investment; the country has joined a large number of UN-affiliated institutions that are setting the ground rules of the 21st century in respect of open trade arrangements, security partnerships, arms control regime, war against terrorism, environmental preservation, and defense of human rights (though not without conservation).
As China becomes a rising superpower on the geopolitical stage, it now faces itself in challenging situations that can undermine its foreign policies. To say the least, even if China’s economy and power is growing in a rapid rate, the nation now faces itself in a series of political tensions that can affect its standing in the region and in the world. Though as China continues to expand its foreign influences around the globe through its growing military and economic power, the world is current watching and waiting for the Chinese government’s next big move.
Zhiwu Chen, a professor of Finance at Yale School of Management, had once addressed two pivotal questions to the world: “Why has China’s economy grown at such a fast rate during the last 30 years, and is this growth rate sustainable?” Over the past decades, China’s uprising as a huge economy power was undeniably prominent, first in Asia and then to the eyes of the world. The most popular answer as the world knows it is because China has “vast and cheap labors”, but that is not necessarily true. The idea of China’s development has been supported not only by huge labor force. Instead, it was also driven by all the changes that happen in the world, which allowed China to gain from its labor force, and also
As China starts to become an growing superpower on the world stage, it now face itself in challenging situations in the global political stage. China’s economy and power grows in a rapid rate, the nation faces itself in serious political tensions that can affect its standing in the region and its standing in the world stage. The nation continues to expand its foreign influences around the world through its growing military and economic power, the world watches and waits for the Chinese government’s next big move.
China’s ascension to superpower status has caused many Westerners to worry. They worry that China’s sustained growth will hurt their livelihood and economic status. Others, however, see this as an opportunity to exploit new markets and to further world unity. This is an increasingly relevant debate as many have predicted China’s growth to continue at a steady rate in both the short and medium terms. This paper will examine the reality of the potential threats and the extent of the opportunities. What constitutes a threat and opportunity is entirely dependent on the perspective so, this paper will assume the perspective of the United States for the reasons of size and influence it has on the rest of the Western world.
In today’s world, China dominates the news outlets every day. The world’s most populous country is now the number one economic superpower according to the International Monetary Fund’s rankings. China has shown no indication of slowing down, pursuing projects all over the globe especially in developing countries in Africa. Late arrival to the neo colonialist games has definitely not deterred their lofty aspirations. China’s reemergence as a global superpower is a throwback to the period before the Industrial Revolution when they contributed close to 30% of the entire world’s GDP. It is staggering how China has been able to reverse the United States and Europe’s global economic stronghold. Hence, this paper analyzes Chinese economic reform
To begin, an analysis of capital reveals China has overtaken Japan to become the world’s second largest economy. China’s growth rate of 9 to 11 percent annually over the last 20 years, ranks first, with India not far behind at 8 percent in recent years—while the United States, Japan, and Germany have been growing at a steady 2 to 4 percent. China’s sustained high rate of growth is unprecedented in the
China’s modern economic growth has been progressing on a scale that is unparalleled in the history of any nation, sustaining a growth rate of about 10% per year for the past 25 years. This is even more remarkable considering that the world is at a stage of transformation and globalization. In such times, countries with higher levels of technological development and human capital are naturally positioned to take advantage of the new growth opportunities. Although at the start of China’s reform era the nation was underdeveloped relative to the powerful nations of the world, it has been able to close the gap significantly over the recent years. One reason cited behind this progress has been that China was open to integration
In the 21st century, the competition between diverse countries is increasing extremely intense. With the rise of the third world, as the biggest part of it, China’s influence in economy has become a controversial issue due to the prosperity of economy. To be more specific, China became the second-largest economy in 2011(McCurry,J and Kollewe J,2011).And in recent years, according the data in the bar chart below, China GDP’s is growing rapidly and the growth rate is staying between 7% and 8% before 2015. At the same time, because of the development of economic globalization, the relationship between different countries is getting closer and closer, especially in the world trade. Therefore, although China has already slowed down the step to