...China-ASEAN Economic Relations: Development And Future Challenge. Abstract: In recent 15 years, The development of China-ASEAN trade and economic relations has of great significance, not only for both sides but also for the whole East-Asia region. This paper to discuss the latter that is regional implications of 15 years’ development of China-ASEAN trade and economic relations and find the problem and challenge in China-ASEAN trade relations, as well as provide some further consideration for both sides’ trade and economic relations. Introduction Since the economic reforms and open-door policy of1978-79, China's economy has been growing rapidly and more particularly since 1990 when growth has averaged 10% a year. China's external trade has been growing at an even faster rate of 15% a year since 1990, and it has also annually drawing from the lessons of the financial contagion of 1997. Economic links between ASEAN and China through trade, investments and tourism have prospered throughout the 1990s. Perhaps, equally important, China's maintenance of the value of the renminbi (RMB) during the economic crisis of 1997, served as a regional anchor preventing what could possibly have been successive rounds of competitive devaluations. This clearly prevented the crisis from becoming more acute for ASEAN countries and yet this put China’s own exports at risk, as much cheaper goods from the crisis-plagued region competed with Chinese goods. Another important milestone that contributed...
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...and clarification of the position of the People’s Republic of China in the international relations with a focus on China’s peaceful rise. The essay covers China’s relations to the selected countries, for example the most important neighbouring countries, but nevertheless the U.S., European Union and Middle East also. It focuses also on environmental sustainability, possible economic influence in the foreign countries, controversial issues over disputed areas and possible democratization of the political system. Analytically it discusses the factors involved in shaping as the China’s foreign policy, as well as domestic policy. It deals with human rights violation and discrimination. In focus to the security issues it gives an overview of China’s military capacities and abilities, which may be considered as a threat to its peaceful rise. As a conclusion it gives an analysis of factors that contribute in China’s effort to become a regional power, in means of emerging power that is able to compete with the traditional western type powers. Theoretical basis The impressive economic growth of People’s Republic of China over the past few decades raises a profound question about China’s peaceful rise in the international relations. It is a beautiful example of a country which is to become a regional and eventually global power in our lifetime. China is predicted to become a player with global influence, just as United States of America had become in the beginning of 20th century...
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...BUSINESS MANAGEMENT & INTERNATIONAL RELATIONS J. Sebastian Smith The Bahamas October 2011 Title Strategic Implications from the People’s Republic of China’s Influence in the Americas: Potential Consequences facing the United States, Brazil &Venezuela Abstract This research seeks to examine the strategic implications facing the United States of America’s due to its benign interest in the Caribbean and Latin America (Americas) given the People’s Republic of China (China) increasing economic interest in the region. It is intended to first define the current security environment of the Americas and the relations between Brazil and Venezuela with that of the United States of America (United States) and China. Thereafter, China’s economic and domestic agenda in the Americas will be examined with hypotheses of the emerging global power potential growth success, challenges or possible collapse in her foreign policy. The likely consequences facing Brazil, Venezuela and the United States will also be examined. The assessment will be done across a continuum of China’s realized economic growth, development of hostile relations due to competition for scarce energy sources or possible collapse due to the country’s internal problems. Finally, the research seeks to encourage proactive thinking by the United States on China’s increasing political and military influence in the region and its possible underlying agenda of becoming the next global super power or hegemony. Introduction ...
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...believe China’s introduction to the world stage commenced in 1972, when it replaced Taiwan as representative in the United Nations. Furthermore when Deng came into Power in 1980 and ended the Cultural Revolution, China was freed from its economic reforms. China’s leaders became convinced that large amounts of capital could be acquired from abroad to speed up the country’s modernization, a change in attitude that elicited an almost frenetic response from foreign bankers and entrepreneurs. Since then China has become a member of the United Nations Security Council, admission to the World Trade organization in 2001; selected to host the 2008 Summer Olympic Games and in 2010 staged a successful Expo Shanghai, which was China’s world exposition that showcased the most technologically advanced metropolises. These were all considered significant steps in Chinas further integration into the global community. Since then Hong Kong and Taiwan have become China’s biggest partners in investment and trade. However Japan, the Unites States, Western Europe, Singapore and Australia have also joined the bandwagon with sizable partnerships with China. The main inhibitor in China’s efforts to participate in the world community is its dispute with Taiwan. Countries establishing diplomatic relations with China are forced to end relations with Taiwan. Since America pledged its support to Taiwan against attack from China in 1950 contentions have run high. With increasing amounts of trade occurring...
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...Eli GreenspanGVPT409HKastner05-10-2012Can India and China Rise Peacefully?India and China are two of the world’s oldest civilization-states and are now aspiring superpowers engaged in the global economy and possess expanding military capabilities.1Cultural and economic ties date back to Ancient times when the Silk Road was used as a major trade route between the two great countries. Over the course of the 20th century, relations between the two ranged from allying and friendship, to intense conflicts over border disputes.2Despite these crisis’s, the two nations have developed close economic ties that are mutually beneficial. Trade has increased dramatically over the past decade and companies form joint ventures to further ties. History shows that this has not always been the case, and the competitivenature between the two states stems from border disputes from the early 1950s to the late 1980s.3Despite gestures towards a peaceful partnership throughout the 1950s, those gestures were challenged by actions in the disputed territories. The Five Principles of Peaceful Coexistence, signed in 1954, is an example of such cooperation. However, China nor India 1Malik, Mohan. "India-China Relations: Giants Stir, Cooperate and Compete." Asia-Pacific Center for Security Studies (2004).2Malik, Mohan. 3 Malik, Mohan.1 followed these closely and still lead to major conflict following these meetings. Nevertheless, this agreement stated the principles as:1.Mutual respect for each other’s territorial...
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...regarding the battle's scale, term, and the breadth and the levels of the captured authorities' positions. This battle is seen to have a country wide negative effect on China's general consumption. The effects are so particularly felt on the luxury purchases and the government related purchases. Indeed, in the current political environment and with a continuous decrease of the land division, the nation is still ready to keep up the development of its GDP with a shocking number of 7.5% in 2014. On the other hand, numerous reports from the macroeconomic business and worldwide financial organizations, (for example, the World Bank) have since anticipated a slower economic development for the current year, 2015. This paper provides a report on China's macroeconomic condition, particularly the position in the international trade and the contemporary policies in 2015. Macroeconomic Development China predominantly imports raw materials and in turn it predominantly exports industrial products, both developed and developing countries. It reported a trade surplus of US$ 49.6b and US$ 25.6b in December 2013 and 2013 respectively. Throughout last year, exports rose by 9.7% to US$ 227.5b in December. Interestingly, shipments tumbled to Japan at -7.2%. Figure1. In the appendix represent the trend of China’s Balance of Trade between January 2014 and January 2015. Imports diminished by 2.4% to US$ 177.9b. In the interim reports, percentage reports were recorded as the Australia (3%), EU nations...
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...for securing their means of accumulating natural resources based on the principle of non-intervention and respect for sovereignty, which gives no strings attached. For more than a decade, diplomatic relations between China and South Africa have been marked a great growing relationship between both states. From a period of no official ties to limited interaction between the South African and Chinese Governments, the relationship has subsequently developed to become one of the closest between African and Asian states. Growing economic engagement, which underpins the warm ties between the two states, has put South Africa amongst China’s top three trading partners on the continent. Moreover, China is an emerging market economy; with a fast track of being the next economic rising superpower in the world and its current relations between it and Africa continue to grow fast with foreign direct investment increasing thirty-fold between 2003 and 2011, from US$491m to US$14.7 billion. In 2012, China pledged US$20 billion of loans to Africa over three years for infrastructure, agriculture and manufacturing. If the funds are stay the way they are and do not decline, China will become Africa’s principal financial backer. China is already Africa’s leading bilateral trade partner. Two-way trade grew from US$10.6 billion in 2000 to US$166 billion in 2011. South Africa is a country with more than 50 million people of different racial...
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...Amid the global financial crisis, China has managed to reach the position of the world’s number one exporter. While much of the world is still struggling to come out of the crisis, their economy continues to grow. As a result, China is receiving disapproval from both the West and other developing countries in regards to how they have been able to achieve their top ranking. In addition to discontenting many of its trade allies, China’s aggressive efforts to further their exporting power are causing economic troubles within its own borders. It is crucial for the American economy that U.S. officials continue to pressure China to revalue its currency. China was in an advantageous position to deal with the global recession thanks to its lower-price products. As the world was hit by the recession, many consumers looked to those cheaper goods. Even as countries are recovering, consumers across the globe have altered their tendencies. Many people lost much of their wealth and have a changed perspective on their consumption. Consequently, China’s exporters have been given a prime opportunity to benefit. Goods that may have seemed essential in the past no longer have the same allure and cheaper products available from Chinese manufacturers have become increasingly more attractive. Already possessing the power of cheaper goods, which have proven to be appealing during the recession, the Chinese government has made concerted efforts to maintain a cheap currency. To achieve this...
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...Impact of China's WTO Entry on Sino-Philippine Economic Relations and on the Philippine Economy SHEN HONG FANG impact of China's WTO entry on trade, investment and services between the Philippines and China, as well as on Philippines economic growth and development. Section I introduces different analyses of China's WTO entry from the perspectives of Philippine official, academic as well as business circles. Section 2 discusses bilateral cooperation through trade, investments, and other forms of cooperation such as contracted projects, labor cooperation, air services agreement, and the development of agricultural technologies. Section 3 looks at the concerns of the Philippine government and the public with respect to China's accession to the WTO, reviewing the state of current relations and comparing this with China's relations with other Southeast Asian countries. Section 4 advances five issues pertaining to the rise of a Chinese "economic threat" following its entry into WTO. The paper concludes that China's WTO accession will help promote bilateral trade expansion, and bring about opportunities for Chinese private entrepreneurs to invest in the Philippines. However, China's WTO entry will also put added pressure on Philippine manufactures, further facilitating the flow of Chinese commodities, capital and personnel and aggravating the disputes that had already existed in the economic intercourse betv•.reen the two countries prior to WTO admission. This paper examines...
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...HOW PEACEFUL IS CHINA’S PEACEFUL RISE? 16 July 2014 at 17:01 HOW PEACEFUL IS CHINA’S PEACEFUL RISE? The People’s Republic of China has been taking great pains to point out to its neighbours specifically, and the world in general, that they have nothing to fear of its increasing power. This approach is epitomised by China’s emphasis on the term ‘peaceful rise’ to describe its expanding influence since 2004. Not only is ‘peaceful rise’ used to allay concerns that China will use its power to further its goals at the expense of other nations, it is also used to directly contrast the PRC with the United States who have been embroiled in the same period in the controversial War on Terror. Given the prominence of the claim of the claim it is clearly in the interests of understanding international and regional developments that we pose the question “How peaceful is China’s peaceful rise?” As this essay will show, in light of the PRC’s domestic aims and because of China’s historical and cultural experiences, any attempt to answer question is contradictory, and depends on the region. The question of China’s contradictory peaceful rise is explained most completely by the theory of neoclassical realism. Neoclassical realism argues that it is the aim of states to gain power to pursue what they deem is in their national interests. It breaks down the state’s efforts in that respect into two spheres, the internal and the external. The external sphere is similar to other theories of...
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...International Trade and Finance Speech Introduction Today I would like to discuss, with you, the current state of the U.S. macro economy. I will attempt to simply address concepts and terms which focus on international trade and foreign exchange rates. Much of the discussion will focus around the surplus of imports brought into the U.S., and the impact it has on the U.S. businesses and consumers involved. I will also describe the effects of the international trade to GDP, domestic markets, and university students. It is important to understand how the government’s choices, in regards to tariffs and quotas, affect international relations and trade; so I will describe the interactive relationship in regards to tariffs and quotas, and how the government’s choices affect international relations and trade. We will also understand how foreign exchange rates are determined, and identify the reasons the U.S. does not restrict goods from China and minimize imports from other countries. Imports in the U.S. The U.S. imports many goods from various countries around the globe; and the trading of these goods plays an important role in the stability of economic growth for the U.S. The U.S. imports goods or products from other countries such as China; and if the U.S. has a surplus of imports it means there is an increase in the trade deficit, which is not good for the U.S. because trade deficits usually increase unemployment. Examples of products with an import surplus in the U...
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...trillion, dwarfing China’s GDP of $10 trillion[1]. In addition, in 2015 the International Monetary Fund also ranked China’s GDP (PPP) per capita at $14,107 compared to $55,805 in the United States[2]. For China to rival the U.S. in terms of nominal and GDP per capita, the country would have to implement long-term economic policies to increase productivity and yield equal worker salaries. According to the Economist Intelligence Unit, China will not surpass the U.S. in terms of nominal GDP until 2026[3]. China also fails to be an innovation-driven economy. Over the last decade, the country has primarily worked as a manufacturing location for foreign companies, as 83% of all high-tech products made in China were produced for foreign companies[4]. Despite using its economic power to influence nations, China has few allies and is surrounded by potentially hostile nations. China also suffers from regional territorial disputes, notably the South China Sea and Tibet. Politically, being a socialist one-party state government combined with a lack of democratization, China has unstable foreign relations with many nations. Lastly, aside from personnel, America has a much larger military arsenal and ranks first worldwide in terms of military expenditure at approximately $597 billion, compared to China’s $145 billion[5]. Collectively, these factors inhibit China’s potential for international hegemony or U.S. rivalry in the near future. In the long-term future, China’s prospects at attaining...
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...2009 REPORT TO CONGRESS of the U.S.-CHINA ECONOMIC AND SECURITY REVIEW COMMISSION ONE HUNDRED ELEVENTH CONGRESS FIRST SESSION NOVEMBER 2009 Printed for the use of the U.S.-China Economic and Security Review Commission Available via the World Wide Web: http://www.uscc.gov dkrause on GSDDPC29 with K1 VerDate Nov 24 2008 08:23 Nov 10, 2009 Jkt 052771 PO 00000 Frm 00003 Fmt 6012 Sfmt 6602 M:\USCC\2009\52771.XXX APPS06 PsN: 52771 M:\USCC\USChina.eps Report Documentation Page Form Approved OMB No. 0704-0188 Public reporting burden for the collection of information is estimated to average 1 hour per response, including the time for reviewing instructions, searching existing data sources, gathering and maintaining the data needed, and completing and reviewing the collection of information. Send comments regarding this burden estimate or any other aspect of this collection of information, including suggestions for reducing this burden, to Washington Headquarters Services, Directorate for Information Operations and Reports, 1215 Jefferson Davis Highway, Suite 1204, Arlington VA 22202-4302. Respondents should be aware that notwithstanding any other provision of law, no person shall be subject to a penalty for failing to comply with a collection of information if it does not display a currently valid OMB control number. 1. REPORT DATE 3. DATES COVERED 2. REPORT TYPE 01 NOV 2009 4. TITLE AND SUBTITLE 00-00-2009 to 00-00-2009 ...
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...U.S.A.-China Trade Relations Carol Buchanan Naga S. Grandhi Leigh Goulet Bellevue University Abstract The United States of America (also referred to as U.S.A.) and China are the top two biggest economies with $16.2 trillion and $9 trillion dollars respectively. Both of these countries have very strong trade relationships. In the year 2013, U.S.A. exported $122,016.3 million worth of goods to China and imported $440,433.5 worth of goods from China. These figures clearly indicate that there was a huge difference between import and export values in 2013 and also appear to disproportionately favor China. This paper addresses the trade relation between these countries and explains its current situation. This paper also explains the concept of “opportunity cost” as it relates to trade between these countries. Keywords: U.S.A.-China trade relations, imports, exports, opportunity cost. U.S.A.-China Trade Relations Problem Statement Both the U.S.A. and China have strong economic backgrounds. Globalization welcomed trade between these nations. Overall, the balance of trade in goods and services between U.S.A. and China appears to be in favor of China. This creates several problems and dependencies between these two countries. Introduction/Background U.S.A.-China trade rose rapidly after the two nations reestablished diplomatic relations (in January 1979), signed a bilateral trade agreement (July 1979), and provided mutual most-favored-nation (MFN) treatment beginning...
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...1. Why are theories of international relations important? First of all, international relation is the study of relationship between countries, including the roles of states, inter-governmental organization, international nongovernmental organizations, non-governmental organizations, and multinational corporations. In our modern society, globalization has made countries dependent with each other due to the rapid flow of goods, services, people, information and ideas that is driven by economic factor, which includes increasing productive potential and creating new opportunities for international trade and investment, technological factor, which involves faster information access and easier international activities, and demographical factor, which involves different characteristics and resources in different areas. According to the Essentials of International Relations by Karen A Mingst, theory is a set of propositions and concepts that seek to explain phenomena by specifying the relationships among the concepts. So theory of international relation is a set of propositions and concepts that seek to explain international relation phenomena by specifying the relationships among the concepts. Therefore the theory of international relationship is important to analyze political events and their background. For example, behind US attack to Iraq, there were issues of terrorism, Saddam Hussein as an individual, democracy, and weapon. Moreover using the theories of international relationship...
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