1.1. Introduction to China
China is the emerging super power of the world. Now a day China is the only country which has a double digit growth rate for almost a decade in the recent past. Though the history of china is quiet struggling with the emergence of socialism and later on the conflicts took place internally, but besides all this problems, china is advancing in a tremendous fashion. The economy of china is one of the biggest though they claim it to be small. If we look back to the history of china then we will see that because of the curse named socialism which is china still following a bit, she couldn’t be industrially that developed until the fall of their great leader MAO. But later on under the command of Deng Xioping, china has improved a lot in this sector by coming out of the cover of socialism and taking steps to follow and introduce capitalism in their existing system. Though still we believe that china follows socialism, they have implemented some bit of industrialism and capitalism inn their current economic system too. But regarding the chances of china being an overall capitalist is a huge topic for research. Still a lot of Chinese want to follow socialism and the ideal of the great leader MAO. But as we have said earlier, there is a touch of the industrialism and modern capitalism is already there in the current policy of china. Socialism ensures the equal distribution of wealth for all the member of the country but industrialism and capitalism encourages the private sector and personal profit. So according to all these definitions and researches done by the famous researchers we do understand that the difference of socialism and capitalism. As the Chinese people are now getting well educated unlike the period of hatred towards the educated scholar in MAO’s time, people are now much more personal benefit oriented and intelligent. Industrialism and capitalism would bring more profit for them in person, they believe this theory now. So chances of china becoming totally capitalistic are not less. In the later part of the report we will discuss about the whole thing in brief.Since the 1980s, China’s economy has grown rapidly with an average annual growth rate of real GDP at about 10 percent. Today, the Chinese economy is the world’s second largest and is set to surpass the U.S. to become the world’s largest economy by around 2015 when measured by purchasing power parity. However, various economic, social, and ecological contradictions have accumulated in recent years and China’s current model of capitalism is unlikely to remain viable beyond the medium term (defined as the next ten to fifteen years).
1.2. Relation between China and others Country
The foreign relations of China, officially the People's Republic of China, guides the way in which it interacts with foreign nations. As a great power and emerging superpower, China's foreign policy and strategic thinking is highly influential. China officially states it "unswervingly pursues an independent foreign policy of peace. The fundamental goals of this policy are to preserve China's independence, sovereignty and territorial integrity, create a favorable international environment for China's reform and opening up and modernization construction, maintain world peace and propel common development." An example of a foreign policy decision guided by "sovereignty and territorial integrity" is its not engaging in diplomatic relations with any country that recognizes the Republic of China (Taiwan), which the PRC doesn't recognize as a separate nation. China is a member of many international organizations; holding key positions such as a permanent member on the UN Security Council.
This map shows the nations the China (People's Republic) recognizes and has Diplomatic relations with.
China (People's Republic)
Nations China (People's Republic) recognizes and has diplomatic relations with Nations China (People's...