China in the World Economics - Essay Example

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China in the World Economics

So what can be the consequences of such a hard-core optimism Can China really beat the rest of the world economic and political superpowers The vast size is alluring. The power it can assimilate is thus threatening too. From being the largest coal producer in the world, along with things like cement and steel, China is one of the major contributor in cost cutting and low cost manufactured things that find their way almost everywhere in the world, like Wal-Mart. It is also the second largest consumer of energy in the world and thus the third largest importer of oil. One of the second largest holders of foreign-exchange reserves in dollars, China seems like the future of 21st century.
WTO report on China demonstrated that it would supposedly produce more than half the world's textiles by the end of the decade.1 The CNN report also says that China: "has a permanent seat on the U.N. Security Council, it is an acknowledged nuclear power and it is one of only three nations capable of independently launching humans into space." China is undoubtedly a US rival and after the consecutive militant and destructive wars it has waged has paved the path for China a little too easily. ...
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Summary

The trading sector of China combined with her large population and recent economic growth had added fuel to its international claim to go global. Problems to infrastructure and other developmental challenges are also important while considering China's growth…
Author : hmarvin

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