Lack of a continuous economic growth in China poses a big threat worldwide as many observers point out. A Chinese specialist Susan Shirk asserts that China’s internal fragility status presents a big danger more than the economy and the strength of its military.
China exists as a sovereign country located in East Asia. A recent report compiled by World Bank (2014) shows a rapid increase in China’s population. The survey shows that the population is currently at 1,369,811,000. The Chinese government recognizes 56 ethnic groups (CIA, 2010). A survey conducted by Central Intelligence Agency US (2010) shows that the Han Chinese is the largest ethnic group in china occupying 91.6 percent of the total population. The second largest ethnic group is Zhuang occupying 1.3 percent. Other ethnicity groups that occupy the rest 1.7% include the Hui, Miiao, Yi, Tujia, Tibetan, Manchu, Mongol, Buyei, Bai, Kazakh, Yao and other small ethnic groups.
China has been experiencing increased growth in economy in the past two decades. In the year 2012, China overtook Japan which was the world second largest economy making it the state with the second largest economy globally. However, after several research conducted by World Bank in 2013 China’s annual per capita GDP is at 7.7%. Such per capita indicates that the country remains as a developing country. China’s share in the world trade has increased rapidly in the recent years but the growth is moderately low compared to that of the US. According to a report by IMF (2009), the GDP in China at the current exchange rate is a fifth of that of the US and that of private consumption is an eighth of that of the US. Additionally, China accounts for only 3% of global imports of consumer goods and 4% of world import growth. This makes US the ‘global consumer’ in the short run (International Monetary Fund, 2009).
The rise of China’s economy is the factor that has been raising its foreign