A multi-polar world- the rise of the BRIC's, China

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  • A multi-polar world- the rise of the BRIC's, China
    • Strengths
      • Has the largest sustained global GDP in history.
        • Economy has doubled every 80 years.
          • Accounts for 60% of world trade due to its poplation
            • Huge public spending created a large population that are healthy, educated and skilled.
              • 1986 open-door policy to investment 9ideology is opened to capitalism).
                • Removal of the one-child policy in 2015 will create a larger work force and more involvement in e.g. trade
                  • 20% of global population- world's largest consumer.
                    • Invests hugely in Africa for resources e.g. 30% of China's oil comes from Africa (see next page).
    • Weaknesses
      • 30% of China suffers from acid rain, caused by emissions from coal-fired powerstations.
        • China was opening coal-fired powerstations at the rate of 2 per week.
          • Most Chinese TNC's aren't global brands.
            • Co2 emissions rose by 170% 2000-2010. Without China, action on climate change is pointless.
              • 20% live on less than $1 a day.
    • Oppertunities
      • Plans to build aircraft carriers.
      • Wants to develop their navy to protect their oil imports.
    • Threats
      • By 2050, China will consume more oil and paper than the world currently produces- overtaking the USA.
        • China has been accused of over-looking human rights, e.g. providing a huge increase in oil revenues to the government of Sudan, which hashelped fund the war in Dafur.
          • Human rights groups are concerned with China's records of abbuse.
            • E.g. Beijing's city authorities banned non-residents from being in the city for the Olympics.
              • Child labour was used in some factories in manufacturing Olympic souvenirs and toys.
    • In 2008, China's annual budget on defence was $90bn, making it the world's 3rd largest deffence spender, and argest in Asia.
      • A Chinalco aluminium smelting plant in China bought, in 2008, 12% of Rio Tint, a British-Australian multinational metals and mining corporation .
        • In the future, Chinese companies like this may take over more overseas companies to try to control supplies of raw materials.
    • China's major economic growth has had major impacts not only on the demand for fuel and raw materials but also the cost of living for everyone else.
      • But, China has a way to go when compared with the USA and the EU.
        • In 2005, only 2 of the world's biggest 200 companies were Chinese.
          • But, in 2007, it earned $360bn more through exports than it spent on imports.


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