China: Threat or Friend? If you input “China’s GDP” by using a Google search, the first result jumps into your eyes should be a chart presented by World Bank, which indicates how dramatically the economy has grown in China from 0.10 trillion dollars in the year 1960 to 5.93 trillion in 2010. As Professor Stephen S. Roach wrote in his article ‘10 reasons why China is different’, China’s economy has made a break-through indeed due to its tremendous changes and unremitting efforts among: “strategy, commitment, wherewithal to deliver, saving, rural-urban migration, consumption, services, foreign direct investment, education and innovation. ”（Stephen S. Roach ，10 reasons why china is different ）So many cases illustrated how China’s immense impacts not only in domestic but also on universe. By focusing on its worldwide influences, one evidential example in domestic was Lenovo purchased the giant IBM’s PC branch in the year 2005. With the completion of the 1.75 billion bill, which was expected to happen before the end of the second quarter, June 30, 2005, made Lenovo become a much larger company and had more than quadrupled of its annual revenue. “The company, which owned just under $3 billion in annual revenue before the acquisition, now has annual revenue of around $13 billion and is the world's third-largest PC vendor, behind Dell and Hewlett-Packard.”(Sumner Lemon, IDG News) Lenovo, as an indigenous computer enterprise in mainland of China, was firstly incorporated in Hong Kong in the year 1988. It used to be a tiny computer producer and gained little influence in its market. After expanding its areas, Lenovo has become a multinational technology company as a technologic legend in China. Its products include personal computer... ... middle of paper ... ...“Chindia-Threat or Opportunity” New Presence: The Prague Journal of Central European Affairs, Winter2010, Vol. 12 Issue 4, p47-50. Economist, 6/26/2004, Vol. 371 Issue 8381, p44-45. Edward, Friedman and Barrett, McCormick, What If China Doesn't Democratize?(Armonk, NY: M.E. Sharpe, 2000). Peter Hays Gries, China's New Nationalism (Berkeley, CA: University of California Press, 2004). David M. Lampton, Same Bed, Different Dreams: Managing U.S.-China Relations: 1989-2000 (Berkeley, CA: California University Press, 2001). Robert ,Sutter, China's Rise in Asia: Promises and Perils (Lanham, MD: Rowman & Littlefield, 2005). Ming, Xia. “China threat or a peaceful rise of China”, The New York Times, March, 2006.Web. Wikipedia, List of Countries by GDP (nominal) per capita. World Economic Outlook Database-April 2012, International Monetary Fund. 18 April 2012.
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...st and stand in the world. It is predicted that China will one day be the largest economy growing country in world. They continually growing and rebalancing their world to be the best. The growth of economy will depend on the Chinese government comprehensive economic reforms that more quickly accelerate in China transition to a free market economy. The consumer demand, rather than exporting the main engine of economic growth; boost productivity and innovation; address growing income disparities; and enhance environmental. (Morrison, 2014,para2)
From the 1970s, there has been a wave of liberalization in China, which was introduced by Deng Xiaoping. This is one of the key reasons to the rise of China to be one of the economic giants in the world. In the last 25 years of the century, the Chinese economy has had massive economic growth, which has been 9.5 percent on a yearly basis. This has been of great significance of the country since it quadrupled the gross domestic product (GDP) of the country thus leading to saving of 400 million of their citizens from the threats of poverty. In the late 1970s, China was ranked twentieth in terms of trade volumes in the whole world as well as being predicted to be the world’s top nation concerning trading activities (Kaplan, 53). This further predicted the country to record the highest GDP growth in the whole world.
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Weiwei, Z., (2011) The China Wave - Rise of a Civilizational State. (World Century Publishing Corporation).
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.
China's development is praised by the whole world. Its developments are not only in the economic aspect, but as well in its foreign affairs. Compared with other developed countries, China is a relatively young country. It began constructing itself in 1949. After 30 years of growth, company ownership had experienced unprecedented changes. Entirely, non-state-owned companies can now be more involved in sectors that used to be monopolized by state-owned companies.
With the end of the Cold War emerged two superpowers: The United States and the Soviet Union. The international system then was considered bipolar, a system where power is distributed in which two states have the majority of military, economic, and cultural influence both internationally and regionally. In this case, spheres of influence developed, meaning Western and democratic states fell under the influence of U.S. while most communist states were under the influence of the Soviet Union. Today, the international system is no longer bipolar, since only one superpower can exist, and indisputably that nation is the United States. However China is encroaching on this title with their rapid growth educationally, economically, and militaristically.
Wei-Wei Zhang. (2004). The Implications of the Rise of China. Foresight, Vol. 6 Iss: 4, P. 223 – 226.