The dissolution of Soviet Union in the late twentieth century marked the end of the political order that had governed the world since the end of world war two. The collapse of Soviet union led to the emergence of U.S as a political and economic giant whose effect of dominance…
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This continual rise in the global power of China is likely to represent a threat to U.S national security as the country tries to replace U.S as the world’s most powerful nation.
Since the end of world war and more specifically in the last thirty years, China has recorded a tremendous growth in the size of its economy. The Chinese economy has been growing at a rate of 10%, which is three times to the global average, and as a result, it has grown to be the world’s second largest economy (Randau & Medinskaya 2015, p.15). In addition, it has claimed the top spot in various economic fields and it is actually revolutionizing the norm of the global economic sector. Since 2009 China displaced Germany as the world’s biggest exporter and it has maintained the position ever since. More automobiles are now being made in China than in any other country and at the same time, the economy has the largest market for new cars worldwide. Its automobiles sales have increased tremendously in the last five years and hence it has completely displaced U.S in the field of making and buying of automobiles.
China has also grown to become the largest user of energy globally and actually its energy consumption rate is believed to have increased by more than a hundred percent in the last decade (Hinrichs & Kleinbach 2012, p.15).Majority of this huge demand comes from the manufacturing sector of the country which has largely increased and diversified its operations. Additionally because the standards of living of the people have improved, their energy consumption has also increased since they are able to purchase a wide variety of domestic appliances. All these among other factors have contributed to the high rate of Chinese economy and projections show that the growth of the country economically is likely to continue increasing in the forthcoming years. It has actually been predicted that by 2020, China will be the largest economy in all spheres and U.S is likely to
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