Is China the next superpower? – video
Many people see China’s strength mainly in its economy and although China’s economy now ranks as the second largest in the world, its per capita income is still roughly 10 times lower than that of Japan and the United States. Due to The low standard of living China is forced to export. And that’s what the Chinese economy is, an export- oriented economic system. This has made China overwhelmingly dependent on consumers in the West. Chinese exports, which go through the global sea trade routes, are dominated by the U.S. Navy. Continue reading
