China: The World's Next Superpower?

China: The World's Next Superpower?

Ancient China was a world leader in arts and sciences, but encountered civil unrest and military defeat, famine, and foreign occupation during the 19th and early 20th centuries. Originally ruled under the Qin or Ch'in Dynasty in 221 B.C., the Dynasty was replaced by the Republic of China on February 12, 1912. In October of 1949, the communist People's Republic of China came under the leadership of Mao Zedong, who ruled a dictatorship that ensured China's dominion at the cost of strict controls over the lives of China's citizens as well as colossal loss of life. Mao's successor Deng Xiaoping introduced market reforms after 1978 and decentralized ...

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The GDP quadrupled since 1978. On a purchasing power parity basis, China measured the world's second largest economy (preceded by the United States) with a GDP of $4,600 per capita for a population of 1.28 billion people. In 2002, according to the CIA World Factbook, the GDP stood at 8% (compared with in the .3% U.S. [2001 figures]).
China is the fourth largest country in the world, preceded by Russia, Canada and the United States in terms of land mass. China's population is 1,284,303,705 (July 2002 est.), as compared to 280,562,489 (U.S. July 2002 est.), 144,978,573 (Russia July 2002 est.) and 31,902,268 (Canada July 2002 est.). China officially joined the World Trade Organization on December 11, 2001 and on December 27th of the same year the United States officially normalized trade relations with China, calling the move "a final step toward welcoming China into a global, rules-based trading system."
China's economic strength is evidenced by the percentage of direct foreign ...

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North America. Data from the Japan Bank for International Cooperation showed that the Japanese owned plants that opened in China totaled 772 versus 692 in North America. Salomon Smith Barney estimates that if current growth rates continue, Chinese exports of high tech goods will exceed Japan's within ten years. Ironically, U.S. trade policy is shifting wealth from country-states that are U.S. supporters to the Asian power that represents the greatest threat to the United States.
According to Kenichi Ohmae, a Japanese business analyst, China's growth in the manufacturing sector can be likened to Japan's postwar industrial boom. The comparison with the rise in Japan's power as well as that ...

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Added: 1/12/2016 05:26:25 AM
Category: Economics
Type: Premium Paper
Words: 2179
Pages: 8

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