Over the last decade, the Global Economic Order has been undergoing various techno shifts including globalization, technological changes, and the rise of emerging economies among others. These shifts are proceeding in an environment of financial instability, climatic change, persistent development challenges, and persistent growth challenges among others. These challenges are making the WTO, World Bank and the IMF to strain to ensure that they produce unprecedented prosperity all over the world. Questions have arisen on how these challenges can be dealt with (Jun, 7). Historically, it is believed that for a government to control the world, it must have adequate power. China is progressively contracting its economic muscles to affirm itself
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In this phase, China is seeking on how it will work together with the existing economies as well as in the emerging economies. Almost every country in the world is finding its way to establishing a relationship with China. India is constructing its railroad lines to crisscross the country to ensure that the underused coal is connected. Australia is also increasing the production of natural gas by approximately 150%. Ultimately, all this effort traces its origin from the China (Krauss, 4).
Alongside globalization, China is building an enormous renewable energy system that is believed to be one of the largest systems in the world.This means that the country is shifting in a green direction. Fundamentally, the renewable energy landscape is a clear indication of the industrial dynamic trends and prospects for the Chinese future (Tan and Mathews, 3).
In conclusion, it is clear that the Chinese economy in not in sync with the Global Economic Order. The paper has examined various aspects of the Chinese economy including financial aspect, commodity aspects, renewable and, more importantly, the global production politics. The paper was seeking to answer whether the Chinese economy is in sync with the Global Economic
In this phase, China is seeking on how it will work together with the existing economies as well as in the emerging economies. Almost every country in the world is finding its way to establishing a relationship with China. India is constructing its railroad lines to crisscross the country to ensure that the underused coal is connected. Australia is also increasing the production of natural gas by approximately 150%. Ultimately, all this effort traces its origin from the China (Krauss, 4).
Alongside globalization, China is building an enormous renewable energy system that is believed to be one of the largest systems in the world.This means that the country is shifting in a green direction. Fundamentally, the renewable energy landscape is a clear indication of the industrial dynamic trends and prospects for the Chinese future (Tan and Mathews, 3).
In conclusion, it is clear that the Chinese economy in not in sync with the Global Economic Order. The paper has examined various aspects of the Chinese economy including financial aspect, commodity aspects, renewable and, more importantly, the global production politics. The paper was seeking to answer whether the Chinese economy is in sync with the Global Economic