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China PAPER Rough Draft
China: it’s ascendance as an economic power in the world
Hillary T. Coryell
Legal Business 1531
Judge Lee
October 21, 2014

Abstract
China has been controlled by communist era politics and the leadership of Mao. The new reform of 1978 was a transition of power and influence to China allowing influences of the West to make its mark. With this transformation came an uncertainty about how China would balance its large population with balancing the economy and growing foreign business. China is poised to become the superpower of the world. Economic growth, business stability, growing infrastructure and government banking policies are impacted with the new reform. The Chinese social order and environmental impact is to be impacted by the large boom of business and infrastructure. China’s rise as a global power comes with consequences from the unprecedented rate of economic growth. China’s population of nearly 1.3 billion will be a factor in global politics and foreign relations. In the last 20 years China burst into the world market from a country of no international trade to a country with large amounts of foreign trading. The government and policy makers are setting goals and agendas for the emerging power. The economic experts of the world have labeled the People’s Republic of China as an emerging superpower with its business sector now reaching globally. As well as the economic growth, development, infrastructure and military superpowers that are continually rising from the days of communist control. The rise of China is a term used to show the importance of the new rising superpower that the world is seeing and hearing about through the media. China is growing and expanding on a daily basis. The rural population is moving to urban cities to find work and the metropolis cities with large skyscrapers are growing outward and upward.

Communist China
China is a country of rich history and political culture that reaches back nearly 4,000 years. China



References: Beardson T. (June 28, 2013). I don’t see China becoming a superpower in this century, Economic Times Magazine. Retrieved at http://articles.economictimes.indiatimes.com/ Beardson T. (June 28, 2013). Challenges facing China, Economic Times Magazine. Retrieved at http://articles.economictimes.indiatimes.com/ Prasad E. (2004). China’s growth and integration into the world economy: prospects and Challenges. Washington, D.C.: International Monetary Fund. Retrieved at http://www.imf.org

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