The Decline of China on the International StageJordan GranierPol 3248 April 2014

China’s Economy GDP (Purchasing Power Parity)-

$13.37 trillion USD 9.5% annual economic growth rate Manufacturing & exporting

powerhouse

On the Move Rapid ascent to the stage of a “World Power” US/Western concerns about its growth

Global hegemony International Political

Economy issues Why can’t China truly

dominate the world?

World Affairs

Statistics Industry & Construction – 46.8% of total GDP

-Ranks 3rd in industrial output China produced the most steel for the past two years

-45% of world’s steel 6 out of the 10 largest steel companies operate in China

Possible Consequences Total debt = $23 trillion

Interest payments 1 trillion dollars per year Financial lending groups warn that there could be a large

default on loan repayment Failed banking system = higher interest rates & much lower credit