China Superpower?

Paper Summary:

Provides statistics, facts, and figures in relation to China's current economy and examines whether this country could become the future superpower. It looks at initiatives proposed by China's current president, Jiang Zemin, to strengthen China's economy. These initiatives are listed and discussed.

From the Paper:

"Ancient China was a world leader in arts and sciences, but encountered civil unrest and military defeat, famine, and foreign occupation during the 19th and early 20th centuries. Originally ruled under the Qin or Chin Dynasty in 221 B.C., the Dynasty was replaced by the Republic of China on February 12, 1912. In October of 1949, the communist People's Republic of China came under the leadership of Mao Zedong, who ruled a dictatorship that ensured China's dominion at the cost of strict controls over the lives of China's citizens as well as colossal loss of life. Mao's successor Deng Xiaoping introduced market reforms after 1978 and decentralized economic control, although political control remained tightly centralized. This relaxing of economic rule resulted in a high GDP (real growth rate) that sustained decades."

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