In: Economics
Summarize the following articles: ( Don't need to be too long)
1) What kind of a power Is China? Especially under Xi, the so-called perpetual president after the constitutional change on March 11, this question becomes particularly important — even more so given China’s substantial rises in military expenditure over recent years, and the announcement last year at the 19th Party Congress that China now regards itself as offering a different kind of model of diplomatic and political behavior for others to follow. Everywhere we see signs of intent from China. It would be like burying our heads in the sand to ignore the country’s hunger for a more central role in global affairs and not to prepare a response.
Part of what is happening now derives naturally enough from the trajectory of any rising power – or a power that after years of investment and work is feeling like its time has come. It would be odd if China, as the world’s second largest economy, were not speaking in the ambitious ways it has adopted recently. History does not record many self-effacing super-economies. It certainly has no experience of powers who just sit on their hands and do nothing when granted massive opportunity because of the poor decisions of others.
A second characteristic of the current situation derives from confusion of the outside world. The political turmoil of the Trump administration in the United States; events in Europe like the almost impossibly perverse electoral outcome in Italy in early March where no one ended up winning; the festival of self-harm that is proving to be Brexit in the U.K.; a Middle East in perpetual turmoil; a Russia seemingly existentially predisposed to undertake mean, hoodlum acts like the attempted assassination of a former spy in the United Kingdom under the cloak of being a functioning major nation. Against this background, China looks like the final house on the hill, at least able to function with an outward appearance of coherence and purpose — unlike everywhere else.
2) China has outlined its plans to become the world’s biggest superpower within the next 30 years. President Xi Jinping opened the five-yearly National Congress and set out his plan for the country to become a “global leader” by 2050. Speaking in the Great Hall of the People for 3-and-a-half-hours, the President laid out his vision for the Communist ruling party. He said it was time for China to become “a mighty force” that would lead the world on political, economic, military and environmental issues. “This is a new historic juncture in China’s development,” he added. “The Chinese nation…has stood up, grown rich, and become strong – and it now embraces the brilliant prospects of rejuvenation. It will be an era that sees China moving closer to centre stage and making greater contributions to mankind.” Mr Xi said China was "a great nation", adding: it has been through hardships and adversity but remains indomitable. "The Chinese people are a great people; they are industrious and brave, and they never pause in pursuit of progress." Mr Xi became the chairman of the Communist party and therefore the leader of the nation in 2012. Since Donald Trump has taken office, Mr Xi has sought to portray himself as a statesman and demonstrate that China is a responsible global power.
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The article focuses upon the rise of China at the global platform that offers a new system of political and economic arrangement that can deliver success and sustainability. The emergence of China as a vocal economic power is coincided by two events. The first event is internal where the president has got unlimited power and time to rule the country, bringing the long term policy in ruthless implementation. The second event is the creation of leadership void in the international context where the existing superpowers are more focused to reorder their own houses. The trump administration wants to make the America great again. Britain is still undecided about the benefits & loss caused by the BREXIT, WU still trying to pull together the weaker nations and Middle East nation facing their own problem of economic existence in the light of lowering oil prices, family feud and blame game to each other. It created a very good opportunity for the country China to stake claim as the world leader who can show the new path of resurgence to the rest of the world. It is reaffirmed by the decisions taken up by the country China that it has come out of the shadow the USA and other developed countries and asserts to be a world leader though with the disputed policies in the recent past.
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