In East Asia, the old rule that economics determines politics lost effectiveness because nearly all these countries closely worked with China economically but aligned with the US in security and politics and welcomed and even invited the US to balances the growth of Chinese power Yang, Zhizhen, Historically, to bandwagon with a rising power is common practice due to potentially great relative gains.
The most successful rising powers have been precisely the ones that have attracted the greatest number of bandwagoners Schweller, Randall, China cannot rise successfully without winning the support of its neighbors or at least preempt their balancing motives. Third, China has benefited and continues benefiting from the Post-WWII order underpinning stability and economic growth in the world and the region.
Residing in a neighborhood with complicated power competition and historical animosities, Chinese leaders have to be measured and judicious.
US warship sails in disputed South China Sea amid trade tensions
It is the erosion of Asia, at least as an idea, as rivalries within geographic Asia overtake the notion of regional cohesion that once bound these countries together. China often expresses concern over the US—Japan alliance. Yet the alliance is part of the regional security architecture that has underpinned the stability in East Asia and prevented a potential remilitarization of Japan.
Fourth, facing immense internal huddles in its rise, China is a fragile rising power with profound internal causes of concerns that have the potential to derail its rise. The era of superior Chinese economic performance is over, exacerbated by the environmental destruction, rampant corruption, a growing gulf between rich and poor, huge local government debt, and looming demographic challenges that are worsened by the fact that it would be the first country to get old before it gets rich. To ensure its further rise, China must put its own house in order first.
A brief history of China’s economic growth
As a result, although the rise of China has caused concerns in the US and other parts of the world that China is to assert itself in its region and further afield and become a revolutionary power to undermine the existing world order, China is still abided largely by the established rules of the world order, engaging in reforms to revise rather than rewrite the norms and principles. The differences between China and the US are not primarily over the principles of the world order but whether China has obtained the prestige and position of authority commemorating with its rising power status.
China and may remain so if it is given more room as a rule-maker, in conjunction with the other powers, to reform the existing order, better reflecting its enhanced power and interests. Cohen,Jerome A. Ikenberry, G.
Li, Eric X. Manning, Robert A.
"China Threat" or a "Peaceful Rise of China"? - New York Times
China is one of the primary winners of the Western sanctions against Iran, as it has allowed them to become its top trading partner, purchasing , barrels of oil per day all paid for with the yuan in an attempt to elevate the global standing of the yuan against the U. Chinese integration into the global financial system has taken its first steps by way of the launch of the " Shanghai-Hong Kong Stock Connect " and " Shenzhen-Hong Kong Stock Connect ". The implications that an increase in Chinese integration into the global financial system are many, with positives and negatives for both the Chinese and the Western world.
In Hong Kong there have been a number of political battles due to a feeling that with the increase of globalization came an increase of "Chinaization".
Expanding global commerce and the corporate control of the political process weakens the autonomy and power of local communities, which is what Jihad vs. McWorld argues. The more integrated communities become with mainland China, the more prosperity they receive, but most of the advantages go to the various business tycoons and corporate elites, which can be seen as an example of the rise in income inequality in China.
Since , China has undergone a series of reform policies aimed at transforming its economic system from a planned economy to a market-oriented economy by combining the planning economic systems from socialism with a market mechanism from capitalism. Along with this shift came the creation of four Special Economic Zones, areas of the country that are affected by favorable business laws aimed at increasing trade, investment, and job creation.
Some Facts about China's Rise
During the period of to , China's GDP grew about 9. By , China surpassed Japan to become the world's second-largest economy and at the same time it also surpassed Germany in terms of export volume, becoming the largest in the world. The massive increase of GDP in China has led to an increase of living standards for the Chinese since their incomes have doubled or even quadrupled every 10 years.
Amid this economic outburst, the income distribution in China has increased dramatically, changing China from a relatively equal socialist country to a very unequal country. The economic globalization of China has transformed the nature of its national policy preferences, calling into question for the rest of the world what their true intentions might very well be. The efforts to increase the liberalization of the Chinese economy, spearheaded by the U.
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The bittersweet nature of China's rise in economic power leads to questions about whether or not it will support the existing international order of things or challenge it. The undervalued Chinese yuan with respect to the United States dollar has brought about questions to whether or not a move to a more flexible exchange rate would be beneficial to the Chinese economy, with most experts arguing that no dramatic change in exchange rate is needed and that the most needed policy attention is the domestic financial sector, not the international.
The Chinese desire for globalization is countered by the fear of losing their own culture, identity, and history, meaning that the suspicions towards the English language seeping into Chinese and worldwide cultures might be justified, if even to a small degree. English has been seen as a new form of opium to some which indicates a growing hostility towards English in China but at the same time raises questions due to English being the predominate language for international trade and communication.
China faces an unprecedented multitude of problems with regard to language choice and linguistic identity, some of which are due to challenges imposed by global English from the outside world. From the perspective of industrial structure, the book mainly explores the features of carbon emissions in China.
The industrialization of information resources has been a growing trend across the world in recent years, especially in China, where the information resource industry IRI has expanded exponentially for over more than a decade. While analysing the development conditions of China's IRI, this book As an emerging strategic industry in China, the information resource industry IRI has had and will continue to have a growing impact on economic and social development.
Focusing on the special characteristics of IRI policies in China, this book provides an in-depth discussion of the major In order to effectively address global warming, many countries have significantly reduced the amount of carbon dioxide emissions that were put into the atmosphere.
From the perspective of industrial structure, this volume examines the emission reduction potentials and abatement costs From the perspective of the structure of Chinese industry, this book aims to answer two questions. First, what is the driving China has experienced radical economical and societal change since the reform process was initiated in This set is a China has experienced radical economic and societal change since the initiation of the reform process in