Decades of economic growth coupled with its ongoing military modernization have enabled China to emerge as a major player in the global arms trade. Between 2008 and 2017, China exported some $14.4 billion worth of conventional weapons across the globe, making it the 5th largest arms supplier in the world.
The prosperity of any economy relies on a variety of factors that drive productivity. One way of measuring these elements is by examining competitiveness. This feature uses data from the World Economic Forum to assess China’s competitiveness in terms of the institutions, policies, and other components that support its economic output.
Encouraged by Beijing’s “Go Global” strategy, Chinese firms have expanded into foreign markets to acquire resources and assets while spurring domestic innovation. Overseas investment allows China to bolster its own economy and leverage its economic power to expand its influence abroad.
The challenges and opportunities presented by China’s rise are hotly contested. To help make sense of the issue, ChinaPower hosted its inaugural conference on November 14, 2017. The conference featured a series of debates between leading experts on the nature of Chinese power.
China has emerged as one of the world’s largest providers of development finance. Between 2000 and 2014, China extended a total of $354 billion in loans, grants, and other resources to countries across the globe. This feature explores the global reach of China’s development finance, and how this spending intersects with Beijing’s growing political and economic interests.
States can leverage their currency to boost exports and expand their influence in international financial markets. Chinese leaders exercise considerable autonomy over the value of the RMB, yet critics have taken issue with how Beijing uses its monetary policies to promote its interests.
After decades of near double-digit growth, Chinese leaders have turned to using turbo-charged stimulus financing to maintain moderate growth. However, China’s credit expansion has contributed to growing financial vulnerabilities. Learn more about China’s debt concerns with this ChinaPower exclusive.
As a vital artery of trade for many of the world’s largest economies, the South China Sea has garnered significant attention. Reports on the South China Sea frequently misrepresent the value of trade that annually transits the waterway. Learn more about trade flows in the region with this ChinaPower exclusive.