China: Threat or Friend? Essay -- Economics

China Threat or Friend? If you input Chinas GDP by using a Google search, the first result jumps into your eye should be a chart presented by World Bank, which indicates how dramatically the economy has grown in China from 0.10 trillion dollars in the year 1960 to 5.93 trillion in 2010. As Professor Stephen S. Roach wrote in his article 10 reasons why China is different, Chinas economy has made a break-through indeed due to its tremendous changes and unremitting efforts among strategy, commitment, wherewithal to deliver, saving, rural-urban migration, consumption, services, foreign direct investment, education and innovation. Stephen S. Roach 10 reasons why china is different So many cases illustrated how Chinas immense impacts not only in domestic but also on universe. By focusing on its worldwide influences, one evidential caseful in domestic was Lenovo purchased the giant IBMs PC branch in the year 2005. With the completion of the 1.75 billion bill, which was expected to hap pen before the end of the moment quarter, June 30, 2005, made Lenovo become a much larger company and had more than quadrupled of its yearbook revenue. The company, which owned just under $3 billion in annual revenue before the acquisition, now has annual revenue of around $13 billion and is the worlds third-largest PC vendor, behind Dell and Hewlett-Packard.(Sumner Lemon, IDG stark nakeds) Lenovo, as an indigenous computer try in mainland of China, was firstly incorporated in Hong Kong in the year 1988. It used to be a tiny computer producer and gained little influence in its market. After expanding its areas, Lenovo has become a multinational technology company as a technologic legend in China. Its products include personal computer... ...Chindia-Threat or Opportunity New Presence The Prague Journal of Central European Affairs, Winter2010, Vol. 12 Issue 4, p47-50.Economist, 6/26/2004, Vol. 371 Issue 8381, p44-45.Edward, Friedman and Barrett, McCormick, What If China Doesnt Democratize?(Armonk, NY M.E. Sharpe, 2000).Peter Hays Gries, Chinas New nationalism (Berkeley, CA University of California Press, 2004).David M. Lampton, Same Bed, Different Dreams Managing U.S.-China Relations 1989-2000 (Berkeley, CA California University Press, 2001).Robert ,Sutter, Chinas Rise in Asia Promises and Perils (Lanham, MD Rowman & Littlefield, 2005).Ming, Xia. China threat or a composed rise of China, The New York Times, March, 2006.Web. Wikipedia, List of Countries by GDP (nominal) per capita. World Economic Outlook Database-April 2012, International Monetary Fund. 18 April 2012.