John Mearsheimer The rise of China
Channel: International Relations & Politics
Date: 31/01/2022

The Chinese Century is a neologism suggesting that the 21st century may be geoeconomically or geopolitically dominated by the People's Republic of China, similar to how the "American Century" refers to the 20th century and the "British Centuries" to the 18th and 19th.

Economists generally attribute much of China's rapid economic growth to two main factors: large-scale capital investment (financed by large domestic savings and foreign investment) and rapid productivity growth. ... The large level of domestic savings has enabled China to support a high level of investment.

China is playing a growing role in the world economy. It is one of the world's fastest-growing countries and is the tenth-largest exporter. China is also a significant recipient of foreign aid and a major borrower on international capital markets.

China has beat the U.S. to become the world's richest nation, according to a new report. Key findings: Global net worth soared from $156 million in 2000 to $514 trillion in 2020, making the world wealthier than it was at any point in history.

In China's modern economic history, the Open Door Policy refers to the new policy announced by Deng Xiaoping in December 1978 to open the door to foreign businesses that wanted to set up in China.

The reforms were initiated by Deng Xiaoping, the leader of the Communist Party of China at the time. The reform in the agricultural sector was the first to be introduced which resulted in China meeting 4 objectives: An increase in agricultural production.

This expanding trade is one of the major sources of China's economic growth, which also has been the most rapid of any country in the world over the past two decades. ... Indeed if judged by the magnitude of these inflows it is one of the most open emerging market economies in the world.

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