Monday, April 14, 2014

How China is affecting Europe’s position in the world
















This article http://www.economist.com/news/europe/21600166-how-china-affecting-europes-position-world-trad(ing-places?zid=306&ah=1b164dbd43b0cb27ba0d4c3b12a5e227) discusses how china is trying to maintain its status as a top economic power and is trying to complete a trade pact with Europe. Sadly Europe is more eager to do an ambitious transatlantic trade deal rather then creating a separate EU-China trade pact. Luckily for China, Europe's nervousness has begun to be sheltered from its confidence from surviving the Euro crisis and is actually looking towards China for investment. China's ultimate goal is to become the worlds leading distributor of goods and services, so it being the worlds strongest economy. China has already overtaken America as the biggest single trader and will match the EU by 2020. By then, China's share of global GDP will also probably surpass the EU's.

China is clearly trying to rise to power in the modern world after being behind for so many years. I realize that in a previous post, it was stated that China's economy was stopping but with Europe's trading capability it can surely grow to what is expected from the article. Now the question is what do you think they will do with this vastly growing power?

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