The Decline of China on the International Stage Jordan Granier Pol April 2014

China’s Economy  GDP (Purchasing Power Parity)- $13.37 trillion USD  9.5% annual economic growth rate  Manufacturing & exporting powerhouse

On the Move  Rapid ascent to the stage of a “World Power”  US/Western concerns about its growth

 Global hegemony  International Political Economy issues  Why can’t China truly dominate the world? World Affairs

Statistics  Industry & Construction – 46.8% of total GDP -Ranks 3 rd in industrial output  China produced the most steel for the past two years -45% of world’s steel  6 out of the 10 largest steel companies operate in China

Possible Consequences  Total debt = $23 trillion  Interest payments 1 trillion dollars per year  Financial lending groups warn that there could be a large default on loan repayment  Failed banking system = higher interest rates & much lower credit