the decline of china on the international stage
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The Decline of China on the International Stage. Jordan Granier Pol 324 8 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” - PowerPoint PPT PresentationTRANSCRIPT
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