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The Decline of China on the International Stage

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”

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The Decline of China on the International Stage

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  1. The Decline of China on the International Stage Jordan Granier Pol 324 8 April 2014

  2. China’s Economy • GDP (Purchasing Power Parity)- $13.37 trillion USD • 9.5% annual economic growth rate • Manufacturing & exporting powerhouse

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

  4. World Affairs • Global hegemony • International Political Economy issues • Why can’t China truly dominate the world?

  5. 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

  6. 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

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