Why China is not a global superpower — yet
Until Chinese president Xi Jinping can stabilize the economy and liberalize domestic policy, China’s influence over the rest of the world is limited.What do the fluctuations in China’s capital market mean for the global economy? As can be seen in the recent stock market slide, capital markets outside of China were impacted, but quickly rebounded. Make no mistake, whatever happens in China certainly ripples across the globe, but until such time as Chinese president Xi Jinping can stabilize the economy and liberalize domestic policy, China in actual terms will not become a true global power.
Until Chinese president Xi Jinping can stabilize the economy and liberalize domestic policy, China’s influence over the rest of the world is limited.What do the fluctuations in China’s capital market mean for the global economy? As can be seen in the recent stock market slide, capital markets outside of China were impacted, but quickly rebounded. Make no mistake, whatever happens in China certainly ripples across the globe, but until such time as Chinese president Xi Jinping can stabilize the economy and liberalize domestic policy, China in actual terms will not become a true global power.
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