What are some economic issues in China?

Official economic figures released on Monday show that China’s GDP grew by just 4.9 percent in the third quarter. The painful slowdown comes as China grapples with debt concerns, shipping disruptions, and ongoing electricity shortages. The country’s real estate crisis is at the core of most of these problems.

What are some consequences of China’s economic progress?

However, despite the impressive figures, there are many serious economic problems resulting from economic growth.

• Chinese GDP.
• Pollution.
• Shortage of Power.
• Growing Income Inequality.
• Property Boom.
• Inefficient Banking Sector.
• Unemployment.
• Undervaluation of Yuan.

Why is China emerging as a superpower?

China. Parag Khanna stated in 2008 that by making massive trade and investment deals with Latin America and Africa, China had established its presence as a superpower along with the European Union and the United States. China’s rise is demonstrated by its ballooning share of trade in its gross domestic product.

Is the rise of China good for the global economy?

It’s hard to argue that the rise of China, taken on the whole, is anything but good for the global economy. New wealth for China’s 1.3 billion people means 1.3 billion more people who can buy stuff from the rest of the world, creating jobs from American research labs to Japanese industrial zones to Brazilian mines.

Why do people misread China’s trajectory?

One reason that many people misread China’s trajectory may be that—particularly in the English-language promotional materials the Chinese use overseas—the country tends to portray itself as a variation on a liberal state, and therefore more trustworthy. It often compares itself to brands with which Westerners are familiar.

Why is the world worried about China and Japan?

The concerns many in the world have with China go well beyond even that. No one ever expected Japan to become a military threat to the West, or even a contender for diplomatic influence around the world. Japan wanted to be No.1, but only when it came to its role in the world economy.

What does China’s new wealth mean for the world economy?

New wealth for China’s 1.3 billion people means 1.3 billion more people who can buy stuff from the rest of the world, creating jobs from American research labs to Japanese industrial zones to Brazilian mines. A global economy no longer solely dependent on the U.S. consumer for growth is potentially more stable and prosperous.