Chinas Growth and Its Political Impact - Essay Example

Analysis of China’s Growth and Its Political Impact Introduction China has been recording a constant and stable growth over the last couple of years. China’s growth over the next possible decade will evidently be recorded as being sharp but in a slow and gradual process. This view was not arrived at by malevolent outsiders but by the Chinese government. The question of whether the expected change would be one that is abrupt or smooth, can be answered from the perspective that it would mainly be dependent on both the global and China’s future growth. In looking at Chinas future role in the international relations, one may argue that economic and political changes within China will have an impact on its international status. This has been clearly seen in recent years as China has started participating in international affairs evidently as influenced by political changes and vast economic growth. China’s democratic changes in relation to growth Despite the fact that China has maintained an autocratic society for a very long time, it has had to change certain forms of governance that reflect values of a democratic society. The Communist Party that is in rule today is not the same with the one that ruled several decades ago in terms of its political visions and leadership. The question of whether the subsequent down turn and rise of China’s economy has any effect on the country’s democratic changes can be better understood if analyzed from an economist’s perspective. This shows that China’s possible growth from 2000 could have slowed annually by almost 10 percent up to 2010 when it would reach approximately 6.5 percent mainly between the years 2018 to 2022. Economists also added that the above analysis is consistent with the second 2010-quarter slowdown. The implication that the success in China’s economy is mainly derived from a rapid and efficiently massive global embrace of global economy by a regime that is of a close communist (Etzioni 540). This can be explained as that it refutes the very idea that China grew due to its system of a one party system that stems from a single snap shot mistake in time at the shifting trends understanding. It is clear that the economy of China never took off due to the authoritarian characteristics of its leaders but mainly due to the liberal reforms in its politics in the 1980’s that tended to be less authoritarian. Signaling an improvement to the countries private property environment is one of the first acts the reform leaders embraced. They also implemented meaningful political reforms and all the said political reforms in the 1980’s like the strengthening of the National People’s Congress, mandatory retirement of government officials, experiments in rural self-government, legal reforms and loosening control of civil society groups. The countries media also in the early years gained more freedom this timing was vital since through the above stated liberalism in the country’s political arena led or accompanied the country towards its recorded exponential economic growth. In this aspect even though the reforms never appeared overnight t5he economic and political reforms are directly and mutually intertwined rather than being contrary to each other and this explanation shows how they are vital to the country’s economic and constant growth (Xiao 3). The main reasons that could be articulated to the drastic decline would be that the country has either managed the normal occurrence of a natural landing that happens when an economy is growing and to reach other advanced economies or China has fell into the trap of a middle income mainly that of aborted industrialization. In the 1990s the first cases scenario played out in South Korea, and it occurred in Japan in the 1970s. It can be argued that DRCs 10 percent growth after 35 years is at last also being duplicated in China. The likelihood of this claim can be arrived by reasoning that the infrastructures potential for investments has conspicuously contracted, with its main investment in shares and fixed assets being down to 20 percent from the initial 30 percent. This has seen assets having soared overcapacity and fallen returned. Due to this, a given investments level can be used as a measure for its generated growth by using the incremental capital output ratio can be calculated, 2011 recorded a high 4.6 percent which is the highest reached since 1992, this study shows that the investment buck of China is receiving less bangs with its growth. In addition, the labor supply growth has reduced or sharply gone down. It can also be stated that there is still evident signs of rising urbanization. However, it is at a pace that is decelerating, and lastly the real estates and local governments are having trouble with the growing financial risks (Fullilove 70). In case of failure to implement political reforms China has for a very long time been ruled by communist parties that have nurtured political systems where authoritarianism has been the order of the day. However, this form of political leadership is evidently weak in terms of helping China develop a democratic society that can effectively develop an economically well-developed society. China cannot in any way afford to contribute effectively to international affairs with a political system that limits people’s rights. If China fails to pass the long-delayed political reforms, the country’s economic rise is unlikely to continue. In that in the last three decades the (CCP) the Chinese Communist Party has consistently been a barrier to democratic reform since they continuously resist any changes and even with the recorded potential for growth they still do not give out any indications for embracing the reforms in the possible near future. One of the effects that the delayed political reforms can be found with the CCP’s consistent delay of introducing worthwhile changes in changing political reforms it has directly contributed to systematic risks and massive governmental deficits. The extent of these implications is reflected on the economic costs and in turn, this affects the country’s prospects and economy due to the economic implications. The most likely outcome without having any reforms is that of a country that has internal woes due to its faltering authority and this stresses on the fact that this issue should be sorted before it gets out of hand (Breslin 190). Conclusion Unlike other previously rapid economies like Japan, one vital but unique aspect to China’s growth is on its ensuring that it has effectively linked its economic fortunes, to the rest of other emerging rapid economies globally like Russia, Brazil, Turkey, South Africa and Indonesia. Due to this implication, it clearly seems countries like New Zealand and Australia and other countries would never benefit from the countries demise. This is because they all stand to gain from the steady growth of the countries up ward economic growth and as a result, they constantly provide cushioning to any issues the country may have either in its political and economical growth. The often known international order that has since history been affiliated to China is being re-invented by subsequently following this strategic path of slow but consistent economic growth (Zhang 4). Works Cited Breslin, Shaun. (2011). China and the crisis: global power, domestic caution and local initiative. Contemporary Politics, 17(2), 185-200. Etzioni, Amitai. (2011). Is China a responsible stakeholder? International Affairs, 87(3), 539- 553. Fullilove, Michael. (2011). China and the United Nations: the stakeholder spectrum. The Washington Quarterly, 34(3), 63-85 Xiao, Ren. (2013). The Rise of a Liberal China? Journal of Global Policy and Governance, 1-19. Zhang, Chunman. (2013). Understanding China’s attitude toward international order: from general delegitimization to selective embeddedness.2013. Read More