Monday, April 15, 2013

Super power


China super power. Among the countries in Asia region, I think that China is the super power country. By comparing to the current super power country like America, we can see clearly how much China have grown over time. According to dailyfinance, it shows 10 reasons why China is overtaking U.S. The first reason is that Chinese economy has grown so much compare to the past. Not just economy, China also owns a largest labor force in the world. Adding to that, Chinese labor force is so much cheaper than U.S labor force. According to the graph below, it shows how much Chinese GDP grew from 1980 – 2010, and many economists believe that by 2021 China will surpass U.S. Not just wining U.S in economy, China also invests in renewable energy. In 2010 China spent amount of $154 billion in green initiatives and plans to pour the equivalent of $473 billion into green energies between 2011 and 2015. With this showoff strategy, it means that China is on the way to take over U.S With these two simple examples, economy and investing in renewable energy, it shows that China is not a close country that we used to know. From my point of view, a super power country is the country that has a strong economy, friendly with many countries, and finally military force.

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