China As One Of The Global State Superpowers: The Dynamics Of Economy
China had become also a part of the superpower state around the world as it showed the perfect financial economic edge from other countries. China began to be a catalyst of improvement as it showed a drastic growth in terms of their economy over couple of years. The development experienced by China would not be firm without the existence of the many challenges and obstacles along the way. The faces of problems had already surfaced the China’s economy as it had been falling into the different industrial labor revolutions, economic overheating and other circumstances which are of similar nature.
There had also been professional articles such as the the Bloomberg’s Asian Business entitled the “China at 60% Risk of Banking Crisis, Fitch Gauge Signals” to feature the many twist of turns and fates of the State of China in terms of their social stability, public order and developmental dynamics.
These articles are something which are of importance when it come to the relaying of information about the latest stance or rank of China in the world system.
The China’s behavior had always been leaning towards expansion of growth whereby they could stand with the same level to the United States in terms of their currency and other aspects. However, though too much effort had already been exerted, truth be told that they still cannot head up and stand with the United States but rather be tied up and pegged only to their dollar. The rise of China’s currency can still be something to be challenged as it is not in accordance really with the proper numbers. What happened was that China started resorting to the printing of money resulting to a massive inflation that had prejudiced the welfare and interest of people.
Loans will start to ruin the China’s economy as it had also been a product of the poisonous tree called the corrupt banking system so inflation will start to be a problem consequently not only to real state markets but to the people as well. There are many critiques that expressed their opinions against the printing of money and bad loans however there were some who firmly suggested that it would be something worth the risk as everything will go fairly in the end.
Rising up of currency is not an easy issue especially when it served only the middle class and elite classes of the society. China’s actions must be treated as a catalyst or stimuli to gradual changes in the globe economics. Freedom to believe in the economic progress is an absolute thing and it is not bad at all but acting on such believe would really mean too much regulation especially when it can harm future generation.