The Rise of China Today China is widely notorious for its large dominance in world affairs regarding trade and wealth however china was not always one of the economic superpowers of the world, china like many other parts of the east had not had their industrial revolutions as early as western countries such as Britain and could easily be described as being primitive following 2000 years of imperial dynasties. The pressing issue that the UK government will have to face is what we to do with such an ominous player in world affairs, without a clear idea on what to do upon China’s most recent rise to power the government may just be buying a ticket to watch china steal the show in economic, military and political matters. ECONOMICS The …show more content…
Post economic and consequently military growth has given china more power in the political world and I will be discussing the main political rise and effects this had on modern politics. A factor which has led me to believe that business trade in china is going to get harder is the fact that the cheap labour that has been the backbone for the large increase in Chinese exports is falling short. China is facing an aging working population and by the year 2020 the nation will have more than 200 million people over age 60 which is considerably more than in November 2010 when China had ‘178 million people over 60 years old, of which 119 million are over 65’ [6]. This ageing population means that labour in china will not always remain this cheap as a young workforce will be less available however this will not completely destroy China’s economy growth just hinder it. At present china is the second largest economy in the world and there are many ideas that china is pushing its way to the top however recent forecasts have showed that china will not overtake the US until the year 2028 which is much later than expected, although china’s sudden rise in economic power within the past
China has already overtaken Japan to become the world`s second-largest economy in recent five years. “However, such economic
China remains a current world super power that has been around for thousands of years. It was one of the first civilizations ever created and it has evolved into an enormous country. China is a large territory, but only 10% of the land can be farmed on. This continues to be a tremendous problem, especially with the large population that mostly lives in rural areas. In the past China was seen as a fragile nation that was still stuck in the past, although after the Four Humiliations this began to change. The Four Humiliations were a group of events that forced China to modernize due to the losses it faced. After the last of the four humiliations and the fall of the dynasty era during 1911, China began to catch up to the westernized world by modernizing their government, military, and education. The Chinese
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
Today’s China is the most populous country in the world and is so one of the most important political and economical forces in the world.
Throughout history, China has been the center of many developments allowing for it to establish itself as an advanced society, one that has lasted through a number of dynastic cycles, an attempt towards the creation of a Republic, and still existing, People’s Republic of China, under the rule of China’s Communist party. Throughout this turbulent history China has made much advancement in site of its setbacks and has allowed itself to grow immensely and increase its stature, making it one of the world’s great powers.
The United States held 24.6% of world income in 1980 and 19.1% in 2011. (Sachs 2012) Many also believe that China is set to become the world’s largest economy in the near future. However, the ‘danger’ for US power is not that China will become the strongest economy on the global scale. As Drenzer argues, China ‘won’t prosper economically, as it won’t embrace capitalism’. In the long run, the danger to the US is that US power will decline ‘on all fronts’, not just economically. (Drenzer, Rachman & Kangan)
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 current Status Quo is complete US political and military domination in the South-China Sea, United States dominated and dictated trade deals, and unipolarity of hegemonic power (Beckley 2011) All of which, if China desires to grow its power, must challenge.
To capture the benefits of globalisation, the communist government has moved its focus from domestic to trade oriented. China has become the second largest economy in the world. Since 1980s, it has gone from being the 12th largest economy in the world to the second largest. This indicates that its economy has been growing with an average rate of 10 per cent per year for the last three
The article titled Why China Won’t Overtake the United States authored by Stephen G. Brooks and William C. Wohlforth brings up many valid points and statistical data to support the thesis of the piece however, it is mainly presented from a liberal idealist point of view. While I agree with, ‘as the saying goes’, great power comes great responsibility, I do not agree with the articles premise or false assumption that a provisional “technological gap” or lack of Nobel Prizes and scientific citations matter much in the way of predicting the future geopolitical actions or capability of any country. Especially one as customarily isolated and historically unpredictable as China.
The China Boom: Why China Will Not Rule the World, by Ho-fung Hung. New York: Columbia University Press, 2016.
Throughout most of history, East Asia and more specifically China has been the cradle of civilization. Only until a few hundred years ago did China and most of the developing world today regress into the states they have been for the past several hundred years. For the past 100 years the US has been the world’s most powerful country, economically, militarily, and culturally; however China is resurging and is now in a position that is equal and perhaps greater to the US’s power.
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
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