China,Economic,Growth,Threat,t business, insurance Is Chinas Economic Growth a Threat to the United States?
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Normal 0 false false false EN-GB X-NONE X-NONE WhileEurope and Americas economies are in turmoil, Chinas economic growth isflying with dazzling lights. The Chinese government and probably othereconomies that benefit the red China market may be happy to see the prosperityand growing economy of the red country, but US and Europe may often wonder whatnegative consequences China's economic success will have for them.Today,as the unending economic turmoil in Europe is wide spread-across the financialmarkets, everybody is hoping that China will offer financial aid to save Europefrom sinking; fortunately, China has not broken their promise to extend theirhelping hand to Europe, however, due to the massive economic turbulence inEuropean countries - Greece, Spain, Portugal and soon Italy will beexperiencing problems - Europe is still in deep financial turmoil. In addition,many people are still expecting that the mighty U.S will offer financial helpto Europe from the economic turmoil; however, this is will not be the case now,even the United States economy during the last 10 years has seen slow growthand poor stability.Accordingto a statement of the International Monetary Fund (IMF), forecasts show thatChinas economy might be surpassing Americas by 2016, and thus it is likely thatAmerican leadership will be over. So,what is the impact of Chinas economic growth on the United States? Is Chinaseconomic success a threat to the United States?Itis true that the U.S has solid strength and a good foundation of knowledgeabout the economy, and thus has still has a great potential to remain a globalleader, whereas China has low income levels and a high rate of unemployment.However, the United States should not take this issue for granted, having been adeveloped and powerful country before but a sinking economy at the present, isnot ideal for being a leader in the near future. Chinasdevelopment somehow gives fear to other people. This is perhaps because Chinaremains an authoritarian Communist state; and many countries, especially Unitedthe States, believe that one day Chinas economic dominance will threaten the securityof the United States or other countries.Thelast past few years, China has seen an accelerating fast growing economy.However, it doesnt mean that in the next decades Chinas economic growth willnot affect the stability and leadership of the U.S government. However, as Chinas economy continues tostabilize, and their role will broaden in international affairs, there will bea big possibility that one day China will be one of the leading countries thatwill hold an important role among other countries.Iremember that few weeks ago, I read a news story about a 30 story hotelbuilding in China that was built in only 15 days. It is indeed a remarkable effort;the builders believe that this building will withstand a 9.0 magnitude earthquake.You can also say that this 30 story building represents China itself. A bigcountry that economically grow rapidly in modern times; undeniably, China has alot of potential but countries like the U.S and the U.K should not befrightened by growing power of China, because they were already stabilized andgrown before these new kids on the block have started developing their own growing market. /* Style Definitions */ table.MsoNormalTable{mso-style-name:"Table Normal";mso-tstyle-rowband-size:0;mso-tstyle-colband-size:0;mso-style-noshow:yes;mso-style-priority:99;mso-style-qformat:yes;mso-style-parent:"";mso-padding-alt:0cm 5.4pt 0cm 5.4pt;mso-para-margin-top:0cm;mso-para-margin-right:0cm;mso-para-margin-bottom:10.0pt;mso-para-margin-left:0cm;line-height:115%;mso-pagination:widow-orphan;font-size:11.0pt;font-family:"Calibri","sans-serif";mso-ascii-font-family:Calibri;mso-ascii-theme-font:minor-latin;mso-hansi-font-family:Calibri;mso-hansi-theme-font:minor-latin;mso-bidi-font-family:"Times New Roman";mso-bidi-theme-font:minor-bidi;}
China,Economic,Growth,Threat,t