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18-Dec-2019 03:21

This article looks at the reality behind the hype of China’s economic rise, the deepening contradictions that it faces and its impact on interstate economic and geopolitical rivalry.

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All visual depictions displayed on this Web site, whether of actual sexually explicit conduct, simulated sexual content or otherwise, are visual depictions of persons who were at least 18 years of age when those visual depictions were created.The idea of China as an economic threat is well established, but there are increasing worries about its political influence in parts of the globe such as Latin America, long considered to be the US’s backyard, and its growing military capability.China’s increased integration with global capitalism, particularly from the early 1990s onwards, has been a major source of its meteoric growth.At the same time, however, its exposure to the world system in general and its symbiotic relationship with the US in underwriting its debt in particular mean that China is increasingly dependent on and vulnerable to the vagaries of the world economy.

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Despite its success in rebooting double-digit growth, China was not immune to the 2008 crisis and was heavily exposed when exports to key markets in the US and Europe plummeted, which prompted the largest economic stimulus package in history, equivalent to 14 percent of gross domestic product (GDP).The economic advance of China has been astounding and a cursory glance at the headline figures reveals its emergence as an economic superpower.