China is one of the world’s top exporters, and has a fast growing major economy, with growth rates rising at an average of 10% over the past decade . In February of 2011, China became the world’s second largest economy, overtaking the country of Japan, which held the title for the past 40 years . China’s rapid and unprecedented economic growth is a boon to the country; however, it may prove unsustainable and become a detriment to the overall well being of the nation. One of the principal problems incurred by China’s hurried economic growth is a dangerous incre...
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...losing credibility amongst members of the international community.
Another major event in China transpired in March 2013 when the governmental leadership changed, both a new Premier Li Keqiang, and a new President Xi Jinping were appointed. Neither man is a stranger to China’s political atmosphere, having held significant power and influence within the government from other political positions in the past. One of the biggest expected changes brought on by their rise to power, is China’s continued role in the International Community. The new administration hold’s the belief that China’s swift rise to an economic superpower represents a shift in global power from ‘West’ to ‘East’. The U.S. entered into a recession in lasting from late 2007 until early 2009 , while China’s economy was reaching all time highs, challenging global models of economic governance.
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