Transferring Political Power in China
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Transcript Transferring Political Power in China
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”
US/Western concerns about its growth
World Affairs
Global hegemony
International Political
Economy issues
Why can’t China truly
dominate the world?
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