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.
Rooting out corruption is critical to economic development, as it undercuts government revenue and limits the ability of government to implement effective policies. Learn more about the impact of corruption in China with this ChinaPower exclusive.
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.
International sports competitions provide countries with opportunities to showcase the best of their nation to the rest of the world. For China, which often struggles to cultivate a positive image of itself, success at these competitions hinges on what happens both inside and outside of the stadium.
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.
