The world economy is shaped not just by states, but also by an assortment of influential companies that act as critical elements of national economic power. In conjunction with China’s emergence as an economic superpower, Chinese companies have climbed the ranks to be among the largest in the world.
China’s accession to the World Trade Organization was heralded by the international community as a victory for free trade and economic liberalization. While China has been one of the organization’s most active members, Beijing has not instituted deep, systemic reforms and its compliance with WTO rulings has been mixed.
Global leaders in innovation produce the discoveries that shape the modern world. An economy’s capacity to innovate is dependent on a variety of factors, including its commitment to research and development, the quality of its workforce, and the effectiveness of government institutions.
China is making steady progress in constructing what is believed to be its third aircraft carrier. Commercial satellite imagery collected on August 18, 2020, shows significant developments in the construction of the vessel and additional improvements to the infrastructure at Jiangnan Shipyard.
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Since opening, Jiangnan has continuously engaged in the construction, maintenance, and modification of a wide range of commercial and People’s Liberation Army Navy (PLAN) vessels. Analysis conducted by CSIS of satellite imagery from 2011 and 2018 illustrates the degree to which the shipyard’s infrastructure has developed during the intervening seven years.