Over Estimating China?
CN is a world economic power, but have they taken the lead?
China's Economy
China does not have a free economy. They have restraints that will hold their economy from being the best that it can be (“2015 Index of Economic Freedom”, 2015). China also has one of the biggest populations in the world. This means that they have a large labor force and are able to manufacture large amounts of an item for cheap. However China's population is primarily older due to the one child policy. When the older population start to retire or die off the economic growth will be affected significantly. Critics say that the US’s economy is coming out of it’s recession and that China’s growth has severely stunted in the past 5 or 10 years (Bird, 4/16/15).
China's Growth is Declining
Less than free economy
China has an economy with some elements of a market economy, but the Chinese Government is heavily involved.
China/US Relations
China and the US have been close trading partners for years. Out of all the countries that own our debt China owns the biggest portion.
China-Led World Bank
Germany, France, Italy and the UK have announced that they will join an equivalent to the World Bank or IMF except it will be led by China. None of the Nations have made it a rule that China will keep things above the table. Such as stealing, bias loans and other things.
Hank Paulson: China's Economy Is Running Out of Steam