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Economic Expansion of China: Determinants, Perspectives, Limits Cover
Open Access
|Oct 2018

Abstract

Two centuries ago, Asia delivered over 60 percent of world production; in the middle of the 20th century it was less than 20 percent. Currently, it is twice as large and this share is still increasing, above all but not only, because of China whose production is still growing at a rate twice as fast as the world average. China is trying to maintain high economic dynamics, inter alia, through investment external expansion. This aim is to be served, among others, by the infrastructure project, drawn up with enormous verve, known as the New Silk Road, which the Middle Kingdom addresses to 65 countries on three continents. While some hope for accelerating their own economic growth, others warn against the risk of becoming dependent on China. The article analyzes these challenges, pointing to the desired directions of irreversible evolution globalization by giving it a more inclusive character, which is also strongly emphasized by the Chinese authorities in their official enunciations.

DOI: https://doi.org/10.29316/ers-seir.2018.01 | Journal eISSN: 2451-182X | Journal ISSN: 2083-3725
Language: English
Page range: 7 - 19
Submitted on: Mar 1, 2018
Accepted on: Mar 1, 2018
Published on: Oct 3, 2018
Published by: John Paul II University of Applied Sciences
In partnership with: Paradigm Publishing Services
Publication frequency: 4 issues per year

© 2018 Grzegorz W. Kołodko, published by John Paul II University of Applied Sciences
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.