China: Threat or Friend? Essay -- Economics

mainland china holy terror or Friend? If you input Chinas GDP by using a Google search, the first result jumps into your eyes should be a chart presented by World Bank, which indicates how dramatically the economy has grown in China from 0.10 trillion dollars in the year 1960 to 5.93 trillion in 2010. As Professor Stephen S. band wrote in his article 10 reasons why China is different, Chinas economy has made a break-through thusly due to its tremendous changes and unremitting efforts among strategy, commitment, wherewithal to deliver, saving, rural-urban migration, consumption, services, foreign direct investment, education and innovation. Stephen S. Roach 10 reasons why china is different So many cases illustrated how Chinas immense impacts not only in domestic al bingle also on universe. By focusing on its worldwide influences, one evidential example in domestic was Lenovo purchased the giant IBMs PC branch in the year 2005. With the completion of the 1.75 billion bill, wh ich was expected to come before the end of the second quarter, June 30, 2005, made Lenovo become a overmuch larger company and had more than quadrupled of its annual revenue. The company, which owned just low $3 billion in annual revenue before the acquisition, in a flash has annual revenue of around $13 billion and is the worlds third-largest PC vendor, can buoy Dell and Hewlett-Packard.(Sumner Lemon, IDG sweets) Lenovo, as an indigenous computer enterprise in mainland of China, was first of all incorporated in Hong Kong in the year 1988. It used to be a tiny computer producer and gained little influence in its market. later expanding its areas, Lenovo has become a multinational technology company as a technologic legend in China. Its products include personal computer... ...Chindia-Threat or Opportunity newly Presence The Prague Journal of Central European Affairs, Winter2010, Vol. 12 Issue 4, p47-50.Economist, 6/26/2004, Vol. 371 Issue 8381, p44-45.Edward, Frie dman and Barrett, McCormick, What If China Doesnt Democratize?(Armonk, NY M.E. Sharpe, 2000).Peter Hays Gries, Chinas New Nationalism (Berkeley, CA University of California Press, 2004).David M. Lampton, Same Bed, Different Dreams Managing U.S.-China Relations 1989-2000 (Berkeley, CA California University Press, 2001).Robert ,Sutter, Chinas Rise in Asia Promises and Perils (Lanham, MD Rowman & Littlefield, 2005).Ming, Xia. China threat or a peaceful rise of China, The New York Times, March, 2006.Web. Wikipedia, List of Countries by GDP (nominal) per capita. World Economic Outlook Database-April 2012, International Monetary Fund. 18 April 2012.