Economy of China Research Paper Example | Topics and Well Written Essays - 2000 words

Economy of China - Research Paper Example Contextually, with respect to commercial activities, national limitations are lessening in terms of legitimate administrations where independent federations are performing as the principal power over their respective regions (Kojima, 2002, pp. 1-2). A similar notion can also be held true in the context of China’s relation with major global powers, including the US, UK, and other countries. On political and economic grounds, serious economic conflicts have transpired in recent times between China and other economies, especially those concerning the US in numerous aspects. Besides, the Chinese economy is also facing problems which are likely to have the profound impact on the world economy (Xuetong, 2010, pp. 267-269). Considering these aspects, this essay will review the world politics on international business causing conflicts, majorly between China and US along with other nations. Therefore, the prime focus of the essay will be on the economic problems witnessed by China concerning its relations in the global arena. Stating precisely, the objective of the essay is to evaluate the economic issues currently witnessed by China in the international context from different perspectives. In the global political history, two most apparent changes in power have been identified in the recent occurrences; one being the rise of European economy after ‘Industrial Revolution’ and the other being the rise of the American economy in the post-Civil War era (Zhou, 2008, pp.171). These power moves have resulted in international conflicts with the motive to acquire more authority in the global trade systems. It was during this era that weakening nations became more probable to lose the governing position in the international business system, thereby increasing the gap in relation to international power distribution.  Ã‚