Why China Cannot Become Global Economic Leader - New Format
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Transcript of Why China Cannot Become Global Economic Leader - New Format
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Why China Cannot BecomeGlobal Economic Leader?
Presentation Dedicated by:Cheah Lee ChuenChia Mei SiFong Kai YewLee Kok LeongTe Hui WoonTan Soo LeeYong Woon Shin
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The United StatesThe World Economic Leader
Political Aspects: Parliament system General election & transparency in administration Representative democracy Federalism- shared power between the national &
states government
Bipartisanship & Republican Veto power that possessed is unquestionable
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The United StatesThe World Economic Leader
Socio- Cultural Aspects: - Maintain stable & low unemployment rate- Culture, value & language is universally accepted- Strong culture belief of equal opportunity &
economic mobility- Freedom of expression, freedom of press &
transparency of governance- Emphasize on labor law & human right
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The United StatesThe World Economic LeaderEconomical Aspects: GDP at PPP: world largest, 1/5 of global GDP at PPP Largest national economy since 1870s Largest trading nation & manufacturer World largest & most influential financial market 60% of global reserves has investment in U.S.D
Commodity (esp oil) are traded in U.S.D Majority IB are traded in U.S.D too Freely traded currency & largest green bag of Forex
reserve currency for other foreign countries
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The United StatesThe World Economic Leader
Technological Aspects: Leading nations for technology & innovation
Top most country for R & D effort & investment Leading country for scientific & engineering talent Highest place in innovation level, patient/ capita 13 hubs of technology innovations Proper governance of law & regulations for
patents & copyright and emphasize on intellectualproperty right
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The United StatesThe World Economic Leader
Military Aspects: 1st rank in global military strength Highest expenditure for military R &D investment Leading nations in terms of fire power & equipments Involvement in UN is inescapable, maintain as
leadership habit in UN
Top ranking for defend spending budget & expenditure 3rd rank for total oil production
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Gap between United States & China
Political Aspects: The United States
Parliament system General election & transparency in
administration Representative democracy Federalism- shared power between the
national & states government Bipartisanship & Republican Veto power that possessed is
unquestionable Republican- law limits the power of the
United States government
People of Republic of China
Communist party of China No general election & transparency in
administration Central committees responsible in
authoritarian in structure & ideology No shares power between national &
states government
Unitary government centralizing states,military & media Party control is tightest in government
offices and in urban economic,industrial, and cultural settings
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Gap between United States & China
Socio-Cultural Aspects: The United States
Maintain stable, low unemployment rate Culture, value & language is universally
accepted Strong culture belief of equal
opportunity & economic mobility Freedom of expression, freedom of press
& transparency of governance Good public images and corporate
governance is well practiced in theUnited States
Emphasize on labor law & human right
People of Republic of China
Concentrated and limited to privilegedpeople, gap between rich and poor is toobig may lead to social instability
Infiltration of soft power in terms of culture, value & language is not adpotedby others countries
Constraint in speech & media Public images and corporate socialresponsibilities practices still need to be
improved in future. Not really concern about labor law &
human right
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Gap between United States & China
Economical Aspects:
The United States
World largest, 1/5 of global GDP at PPP Largest national economy since 1870s Largest trading nation & manufacturer Largest & most influential FM 60% of global reserves has invested USD Commodity (esp oil) are traded in USD Majority IB are traded in USD Top ten in Economic Freedom Index Freely traded currency & largest green
bag of Forex reserve currency for otherforeign countries
Highest Global Public Debt
People of Republic of China
Worlds largest exporter, the 3rd -largesteconomy in terms of GDP Dramatic progress in economic
development is recently being exploited Currency not freely traded & controlled
by the People of Bank of China (Pegging) Global investment towards RMB is not
significant Lag behind in Economic Freedom Zone IB & Commodities not traded in RMB Not accepted as green bag of Forex
reserve currency by other countries 1st rank in reserves exchange & gold
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Gap between United States &China
Technological Aspects: The United States
World leading nations for technology &innovation
Top most country for R & D effort andinvestment
Leading country for scientific &engineering talents
Highest place in innovation level,patient/ capita
13 hubs of technology innovations Proper governance of law & regulations
for patents & copyright and emphasizeon intellectual property right
With the debt , it would lag behind to R
& D investment in future
People of Republic of China
Dramatic increase in technology-basedeconomic competitiveness.
Highly dependent on foreign inputs andinvestments
Considerable resources with which toacquire technology for research
Internal technology innovation continuelag behind of U.S.
Improper governance of law ®ulations for patents & copyrights
Emphasize on intellectual property rightis not obviously seen
Have the funds to invest on R &D in
near future
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Gap between United States & China
Military Aspects: The United States
1st rank in global military strength Highest expenditure for military R &D
investment Involvement in UN is inescapable,
maintain as leadership habit in UN Top ranking for defend spending budget
& expenditure Working more closely in military-to-
military relationships to includecombined training, joint patrols, andshared medical and civil engineeringmissions
Top 3 in total oil production by country
People of Republic of China
Prospect of China significantly increasingits military power
Investment towards military R & D stilllag behind as compared to U.S.especially in technology innovation
1st rank in active military manpower andlabor forces of the world
Participation and involvement of China isnot active in the chaotic region/ nation
Using cyber warfare to leapfrog themilitary competitiveness
Dependable towards other countries foroil supplementation
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Gap between United States & China
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If China were to becomeGlobal Economic Leader. Political system should be reform to cater allparties benefit of interestTransparent administration & general election
should be carried outAmeliorate social inequalitiesImprove public images, allow freedom on speech &media press, and emphasize on human rightInfiltrate its culture, language, belief & valueuniversally
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If China were to becomeGlobal Economic Leader. Focus on sustainability and quality of economic growthEnsure benefit of economic growth spread equally tothe Chinese population
Reformation & rebalance of income distributionUrbanization & inland developmentEnsure employment on target
Encourage of private investment and R & D investmentIndustry upgrading and emerging strategic industriesUnpeg Chinas currency and allow free market tradingof foreign exchange & IB
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If China were to becomeGlobal Economic Leader. Emphasize in R & D investment for technology &military so as to enhance competitivenessDevelop talent recruitment through education
reform and strengthen countries IP regimeImprove internal indigenous innovation capabilitiesIncrease investment in human capitalProper governance, law & regulationsInformatization should be enhancedActively involvement in the United Nation &exercises its veto power globally
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THANK YOU FOR YOURATTENTION.