EQ1 China overtaking US as next superpower Flashcards
What is China known for in the context of global trade?
China is the world’s top exporting and trade country.
What is a significant aspect of China’s population that affects its economy?
China has a huge population with a growing middle class, giving it unrivaled buying power.
What economic growth rate has China achieved on average?
China’s economic growth has surpassed every other country at an average of 10% per year.
What major step has China taken to enhance its global connections?
China has made solid steps to connect with some of the USA’s ex-allies.
How does China’s digital payments market compare to that of the US?
China’s digital payments market is 50 times larger than that of the US.
True or False: China holds the same level of trust from the world as the US did after World War II.
False
What issue arises from China’s large population?
The large population puts a strain on its natural resources.
What policy did China implement to control its population, and what was the outcome?
The one-child policy backfired, resulting in an ageing population.
What challenge does China’s ageing population pose to its labor force?
China’s labor force is shrinking because of the ageing population.
What is a significant critique regarding China’s credibility on the global stage?
China lacks credibility as it is largely underdeveloped and subject to government meddling.
Fill in the blank: China’s rise to superpower status is likely to be ______.
nonexistent
What two sectors in China are booming, contributing to its strides towards globalization?
- Technological sector
- Economic sector
What does China’s concerning domestic issues indicate about its readiness for global dominance?
It indicates that China still isn’t ready for world domination.
