China, which has a size of 9,640,821 km², is located in the continent of Asia, and it is one of the largest countries in area and one of the highest economic countries, with a gross domestic product for the year 2018 of $14.961 trillion.
Chinese economy
The People's Republic of China is the fourth country in the world in terms of the number of tourists with 50.9 million international tourists in 2009. China is a member of the World Trade Organization, and APEC is the second trading power in the world behind the United States, with international trade of $2.21 trillion ($1.20 trillion in exports). $1.01 trillion in imports The country's foreign exchange reserves stand at $2.4 trillion, placing it first in the world in this area The People's Republic of China holds an estimated $1.6 trillion in US security bonds The People's Republic of China is the largest foreign holding of debt US year, with $801.5 billion of Treasury bonds The country ranks third in terms of foreign direct investment, attracting $92.4 billion in 2008 alone
It is also increasingly investing abroad with a total of $52.2 billion in 2008 alone to become the sixth largest overseas investor in the world.
The success of the People's Republic of China is mainly due to low-cost manufacturing. This is attributed to cheap labor, good infrastructure, medium level of technology, relatively high productivity skill and favorable government policies, some add the low exchange rate. The latter has sometimes been the cause of the People's Republic of China's trade surplus ($262.7 billion in 2007), and has become a major source of conflict between the People's Republic of China and its main trading partners, the United States, the European Union and Japan despite the yuan's liberalization and its 20% appreciation against the US dollar. Since 2005.
can china economy overtake us
America and China both fear the other, and the cold war between them will not stop just because of a change in the American administration and the advent of a democratic president to the White House, especially since the lines of contact between them began to touch sensitive political and economic issues, which means that the competition will not stop, but it will turn into a real competition that may change For him many of the criteria of the world order in its political form in particular.
This means that China will not stop its ambitious desire to take the lead in the world, and on the other hand, America will fight to stay on top of the world for the greatest number of years, and although it is not clear which path the competition will end, it can be emphasized that The American political system based on the support of democracies globally will suffer a severe decline, as the Chinese experience has violated many of the prevailing political rules in America, as it considers that its democracy is the only political option for the world.
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In China, the country's growing status is a source of confidence and pride. Yang Jiechi, a veteran Chinese political and diplomatic bureau member, made headlines at a US-China high-level meeting in Alaska; He publicly berated the US officials present for speaking to China "in a condescending manner" and asserted that "the United States does not have the qualifications... to speak to China from a position of strength."
Over the past year, China's confidence has been bolstered by a series of contradictions with the United States. In the Corona epidemic crisis, the number of deaths in America reached nearly 600,000
While China lost less than 5,000, according to government figures. In recent years, a wave of violence, mass shootings, killings, and police brutality has engulfed the United States, and China has never seen such anarchy. The US elections and the Capitol riots demonstrated a great degree of social and political instability in America, especially compared to the stability and predictability of the Chinese political system. In light of this, many Chinese analysts highlight the problems of Western and American democracies and the social and economic problems they face. They also referred to the problems faced by the former developing and socialist countries that followed the Western model. In addition to the suffering of Iraq and Afghanistan, which witnessed the strong intervention of the United States,
poverty, instability and political violence. Therefore, the Chinese, especially the young, feel that they must face up to American pressure.
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