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Published byAnnabelle Lambert Modified over 9 years ago
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The Decline of China on the International Stage Jordan Granier Pol 324 8 April 2014
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China’s Economy GDP (Purchasing Power Parity)- $13.37 trillion USD 9.5% annual economic growth rate Manufacturing & exporting powerhouse
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On the Move Rapid ascent to the stage of a “World Power” US/Western concerns about its growth
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Global hegemony International Political Economy issues Why can’t China truly dominate the world? World Affairs
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Statistics Industry & Construction – 46.8% of total GDP -Ranks 3 rd 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
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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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