Who’s scared of the dragon?

During the past 10 years, China has become increasingly influential both politically and economically.  Many companies have taken advantage of the blooming Chinese market and the cheap labor, while others feel that China has been taking away too many opportunities. The United States and several European countries believe that China is more of a threat than an opportunity according to a study done by Transatlantic Trends.  China and the US have also been taking tough stances against each other in terms of economic policy.

However, surely no one can denies the contribution China has been making to support global economy.  After the global economic catastrophe of 2008, China put 4 trillion RMB into the market in order to ensure economic recovery, and managed to maintain an annual growth rate of more than 9%. This incredible growth rate helped many other countries regain confidence and bring up demand, thus leading to the eventual recovery of global economy in 2009.  Therefore, I think that the reason why some countries are viewing China more as a threat could be due to political reasons rather than economic reasons.

Works Cited:

“China contributes more to global economic recovery than US.” China.org.cn – China news, weather, business, travel & language courses. Web. 21 Sept. 2012. <http://www.china.org.cn/opinion/2012-03/26/content_24985353.htm>.

“Daily chart: Who’s scared of the dragon?” The Economist. Web. 21 Sept. 2012. <http://www.economist.com/blogs/graphicdetail/2012/09/daily-chart-11>.

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