google.com, pub-9294893883853578, DIRECT, f08c47fec0942fa0 China Becoming Next Super Power | How China Will Be Next Super Power

China Becoming Next Super Power | How China Will Be Next Super Power

The pandemic has led to an accelerated discussion about who will be the world's leading power tomorrow. Given current developments, many argue that China will replace the U.S. as the world's superpower.

China Becoming Next Super Power

1898 was a special year for the united states it was the year they won the Spanish-American war they gained temporary control of Cuba and attained a strong influence across nations throughout the globe.

However, fast forward to 2020 there is a nation, china that is quietly building its economy, its power, and its influence across the globe and we're coming to a stage where China will not only as big as the united states but will be ahead of the US. 

Elon musk predicting china's economy to be at least twice the size of the states 

"Chinese economy is probably going to be at least twice as big as the united states economy maybe three times"

Let's look at some hard factual data. 


GROWTH GROSS DOMESTIC-GDP

The best way to measure how strong the country is becoming is through GDP growth gross domestic product it basically measures how much a country is producing in any single given year. 

If we go back over the past 10 years or so we can see that china's economy is growing at a much higher rate of knots compared to the USA's.

In 2019 china had GDP growth of 6.1 percent compared to the USA's 2.3 percent that's almost three times the amount of growth and this big discrepancy in terms of economic growth has been going on for more than 30 years to the point where China is getting within a distance of catching up.

USA's GDP as per the latest figures is 21.44 trillion dollars compared to china's 14.14 trillion this means china is now within 7.3 trillion dollars in nominal GDP of catching up.


BELT AND ROAD INITIATIVE-BRI

One of greatest China's trillion-dollar plan is BRI, to dominates the global trade system; building trade routes across the land and sea covering more than 70 countries.

Through one belt one road, reminiscent of the Silk Road, will connect Asia with Africa and Europe via land and maritime networks along six corridors.

    BRI's geographical scope is constantly expanding. So far it covers over 70 countries, accounting for about 65 percent of the world's population and around one-third of the world's Gross Domestic Product (GDP).

    CLICK HERE TO LEARN MORE ABOUT BRI 

    ONE BELT ONE ROAD INITIATIVE


    PRODUCTION OF GOODS AND SELLING IT AT CHEAP PRICE.

    Think about how many times you go to the shop to buy some random item it could be any item and then you look on the back of it and it says 'Made in China'

    This is because China is so good at producing things and producing them for cheap prices. But it's not just the USA that China is good at selling to it's all around the world and basically what this does for china is it brings them a lot of money.


    TECHNOLOGY

    China is working non-stop to be the first in the world to have a nationwide 5g network, not only do they want it nationwide but they want their 5g infrastructure across the globe. 

    Huawei a Chinese company has plans to develop the network for 5g for a range of other big countries across the globe. Not only is this profitable for the country but also it allows them to gain insight and get data from the potential billions of people using the network.

    China will invest an estimated $1.4 trillion over six years to 2025, calling on urban governments and private tech giants to lay fifth-generation wireless networks, install cameras and sensors, and develop AI software that will underpin autonomous driving to automated factories and mass surveillance.

    But this isn't the only field that china is competing heavily in, previously when it came to social media it was American companies that became big throughout the globe, Facebook, Instagram, Snapchat, Twitter, Vine, etc of these are American companies.

    However, recently it's been china that has developed the latest app that has spread throughout the world. Tiktok is fast becoming one of the biggest social media apps. It's number one in the USA in terms of getting downloaded and it's not even an American company it's Chinese.

    So it just shows you how strong china is becoming with regards to technology and innovation.


    MORE MANPOWER

    China has a population of around 1.4 billion and the USA's population is around 330 million that means China has over four times the amount of people compared to the USA

    Essentially china can have four people working for every one of the USA's people.

    Now, this is also another huge reason why they are growing at a much higher rate of clips compared to the USA, they have more manpower.


    China just wanted to build and grow quietly.

    As former Chinese leader Deng Xiaoping famously said:

    "It's important to hide your strengths and bide your time"

    With their new strategy, it appears that China is less afraid of speaking up and letting their presence know. 


    Conclusion:

    China's economy is growing almost three times faster than in the USA. They're also growing stronger in terms of global trade influence and technology.

    Another reason for its growth is china's more manpower.

    Through one belt one road initiates they are gaining more strength as they are building trade routes in more than 60 countries.meaning 65 percent of the entire population and one-third of the World's GDP will be connected to this mega project.


    0/Post a Review/Reviews

    Please do not add any spam link in the comment box

    Previous Post Next Post