China's Power in Post Financial Crisis

I just read a good article about China, taken from CNN article ClickHere . The article talks about why does The US need China. When the first time I read this article, i was so interested and paid attention to read this article.

This is a summary about China's economic condition source :https://www.cia.gov/library/publications/the-world-factbook/geos/ch.html



China's economy during the past 30 years has changed from a centrally planned system that was largely closed to international trade to a more market-oriented economy that has a rapidly growing private sector and is a major player in the global economy. Reforms started in the late 1970s with the phasing out of collectivized agriculture, and expanded to include the gradual liberalization of prices, fiscal decentralization, increased autonomy for state enterprises, the foundation of a diversified banking system, the development of stock markets, the rapid growth of the non-state sector, and the opening to foreign trade and investment. Annual inflows of foreign direct investment rose to nearly $108 billion in 2008. China has generally implemented reforms in a gradualist or piecemeal fashion. In recent years, China has re-invigorated its support for leading state-owned enterprises in sectors it considers important to "economic security," explicitly looking to foster globally competitive national champions.




I could not deny that nowadays, China is becoming a big country in Asia. Obviously, China's Economy Growth has grown rapidly. It can be seen through their GDP for the last 30 years. China is the world's leading exporter of goods. Although some of the issues have come out like low labor income, but people in the world can not ignore what China has achieved especially after Global Financial Crisis in 2007-2008.

My interest on China's growth brings me to deepen the information about China's economic growth statistically.
(source: http://www.uschina.org/statistics/economy.html)

China's GDP has Increased significantly from 2000 until 2009. The highest amount of GDP achieved in 2009, with percentage of Increasing number as 10.34% from 2008. But the highest percentage of GDP Increased in 2007 as 17.40% compared to 2008.


China's GDP
(The data was taken from CIA Fact, with the graphs were already proceeded by the writer)


















China's attemption should be followed by others developing country in Asia such as South East Asia Country like Indonesia, Thailand, Fhilippines,etc. By this explanation, I believe that Asia's power will increase mainly compared to western countries.

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