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    Will China Become The Next Superpower?: Click To Edit Master Subtitle Style

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    Lalit Baid
    China has become the world's second largest economy and is projected to become the largest by 2016. It plans to invest heavily in research and development and technology. While China faces challenges like reducing corruption and environmental damage, sustaining economic growth, and job creation, it has the world's largest GDP, currency reserves, military, and population. If China addresses its issues while continuing high growth, it has the potential to become a global superpower comparable to the United States. However, it also has significant disparities between rich and poor and still lags in areas like its banking system. Whether China becomes a superpower depends on how it manages its continued development.

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    Will China Become The Next Superpower?: Click To Edit Master Subtitle Style

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    Lalit Baid
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    China has become the world's second largest economy and is projected to become the largest by 2016. It plans to invest heavily in research and development and technology. While China faces challenges like reducing corruption and environmental damage, sustaining economic growth, and job creation, it has the world's largest GDP, currency reserves, military, and population. If China addresses its issues while continuing high growth, it has the potential to become a global superpower comparable to the United States. However, it also has significant disparities between rich and poor and still lags in areas like its banking system. Whether China becomes a superpower depends on how it manages its continued development.

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    China has become the world's second largest economy and is projected to become the largest by 2016. It plans to invest heavily in research and development and technology. While China faces challenges like reducing corruption and environmental damage, sustaining economic growth, and job creation, it has the world's largest GDP, currency reserves, military, and population. If China addresses its issues while continuing high growth, it has the potential to become a global superpower comparable to the United States. However, it also has significant disparities between rich and poor and still lags in areas like its banking system. Whether China becomes a superpower depends on how it manages its continued development.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    45 views14 pages

    Will China Become The Next Superpower?: Click To Edit Master Subtitle Style

    Uploaded by

    Lalit Baid
    China has become the world's second largest economy and is projected to become the largest by 2016. It plans to invest heavily in research and development and technology. While China faces challenges like reducing corruption and environmental damage, sustaining economic growth, and job creation, it has the world's largest GDP, currency reserves, military, and population. If China addresses its issues while continuing high growth, it has the potential to become a global superpower comparable to the United States. However, it also has significant disparities between rich and poor and still lags in areas like its banking system. Whether China becomes a superpower depends on how it manages its continued development.

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    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
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    Click to edit Master subtitle style

    Will China become the next superpower?

    4/18/12

    Super power explained.


    Econo Eco mic nom ic Cultur e

    Politic al
    4/18/12

    Militar

    A Quick glance at China

    In 2010 China overtook Japan and became worlds 2nd largest economy. International Monetary Fund now says that in 2016 Chinawill become worlds largest economy. for 2millions patents by 2015 and invest in R&D at 2.5% of GDP same as that of USA.

    The

    Plans

    4/18/12

    How USA became Super power?

    4/18/12

    A Macro view of China


    GDP Banking Systems Currency International Trade Employment and Inflation
    4/18/12

    GDP

    4/18/12

    International trade and BOP

    4/18/12

    Currency
    The renminbis prospects as a reserve currency will be Requirement influenced by these criteria: for Reserve Chinas Current Position Factor Rating
    Economic size Open capital account Currency An important crucial factor but notAccounts for 10 percent of world GDP and 9 percent of world trade. Easily tradable in global Has become increasingly open in de financial markets with no facto terms, but there are still capital flow restrictions extensive capital controls in place. Generally traded freely, Tightly managed exchange rate, and their external value which will become increasingly hard is market determined. to manage as the capital account becomes more open. Broad, deep and liquid Relatively shallow and financial markets with a underdeveloped government and wide array of financial corporate bond markets. assets denominated in local currency. Low inflation and sustainable levels of Lower ratio of explicit public debt to GDP than most major reserve

    Flexible exchange rate

    Financial market development

    Macroeconomi c policies 4/18/12

    Currency
    We anticipate the following outcomes in the next five years: Chinas medium-term objective is an open capital account but with numerous soft controls.

    The renminbi will be included in the basket of currencies that make up the International Monetary Funds Special Drawing Rights basket

    4/18/12

    Inflation and Unemployment

    4/18/12

    So will CHINA be a superpower ?

    4/18/12

    Current Major challenges.


    Reducing

    its high domestic savings rate and correspondingly low domestic demand adequate job growth for tens of millions of migrants and new entrants to the work force corruption and other economic crimes environmental damage

    Sustaining

    Reducing

    Containing
    4/18/12

    Comparasion
    In Chinas But.. favor
    GDP 10 trillions GDP growth rate 9% Worlds largest currency reserve 3 trillions Worlds largest military power Worlds largest manpower One of the biggest Exporter of Goods 4/18/12 Ever Growing population Per capita $6240 i.e. 1/8th of America Corruption and Pollution

    Huge disparity between poor and rich people percentage Lag in Banking System Not a social friendly country.

    Final take.

    kan qing kuang

    4/18/12

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