Just How Influential is China Exactly?
In response to fellow Comm 101 classmate Wil Fred Loh’s blog post China’s Impact on the Global Economy I concur that the major economic slow down in China is something to be concerned about. Given that China plays a key role in the supply chain for many multinational companies this decreasing growth rate has potential to severely harm the global economy in the short term. However I do not think China’s economic problems will cause any lasting harm for the economies in other countries. China’s role as a main producer of goods can be easily replaced by a number of countries with more promising growth rates and economic standings. In the mean time, China’s economy will continue to suffer but ahould pick up by next year with GDP predicted to be up above 8% by 2013*. Perhaps the country will ride out this hard time and reenter the global market stronger than ever, just maybe with a few more competitors.
*Statistic from: http://www.theglobeandmail.com/globe-investor/as-chinas-growth-slows-north-american-markets-take-a-hit/article4597008/