why china cannot become global economic leader - new format

8/3/2019 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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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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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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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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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


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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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


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


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 &regulations 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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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


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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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.

why china cannot become global economic leader - new format

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