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Emerging China

November 11, 2005 • Volume 15, Issue 40
Can the United States successfully compete?
By Peter Katel

Introduction

Children of China's burgeoning middle class rollerblade in Beijing's Millennium Park. In the past 25 years, China has moved 300 million people out of poverty and quadrupled the average Chinese income.  (AFP/Getty Images/Peter Parks)
Children of China's burgeoning middle class rollerblade in Beijing's Millennium Park. In the past 25 years, China has moved 300 million people out of poverty and quadrupled the average Chinese income. (AFP/Getty Images/Peter Parks)

In just two decades, low-paid Chinese workers and a modernization-obsessed leadership have transformed China into one of the world's biggest economies. China produces two-thirds of the world's copiers, microwave ovens and DVD players, plus vast amounts of its clothing, shoes and toys. China's 9 percent growth rate over the past 25 years is the fastest economic acceleration in world history. Average incomes have quadrupled, and 300 million people were lifted out of poverty. China's $1.6 trillion economic output is expected to triple in 15 years, overtaking the United States by 2039. Critics say the communist nation owes much of its success to unfair trade practices and abysmal labor conditions for Chinese workers. In any case, China's leaders are intent on maintaining growth. High unemployment, widespread poverty and growing social unrest create unstoppable demand for the economy to keep expanding.

ISSUE TRACKER for Related Reports
China
Apr. 04, 2014  China Today
May 07, 2010  U.S.-China RelationsUpdated
Nov. 11, 2005  Emerging China
Aug. 04, 2000  China Today
Jun. 13, 1997  China After Deng
May 24, 1996  Taiwan, China and the U.S.
Apr. 15, 1994  U.S. - China Trade
Apr. 13, 1984  China: Quest for Stability and Development
Dec. 05, 1980  Trade with China
Sep. 08, 1978  China's Opening Door
Feb. 08, 1974  China After Mao
May 26, 1972  Future of Taiwan
Jun. 16, 1971  Reconciliation with China
Aug. 07, 1968  China Under Mao
Sep. 13, 1967  Burma and Red China
Mar. 15, 1967  Hong Kong and Macao: Windows into China
Apr. 27, 1966  China and the West
Nov. 25, 1964  Relations With Red China
Oct. 05, 1960  Russia and Red China
Mar. 18, 1959  Red China's Communes
Oct. 22, 1958  Overseas Chinese
Jul. 24, 1957  China Policy
Apr. 24, 1957  Passport Policy
Feb. 16, 1955  Problem of Formosa
Sep. 15, 1954  Red China and the United Nations
Apr. 28, 1953  Status of Red China
Apr. 03, 1953  War in Indo-China
Mar. 13, 1952  Chinese-Soviet Relations
Jun. 20, 1951  Blockades and Embargoes
Aug. 29, 1950  Formosa Policy
Mar. 09, 1950  Aid to Indo-China
Nov. 24, 1948  China's Civil War
Aug. 06, 1945  Government of China
Feb. 17, 1945  Development of China
Jun. 07, 1943  Oriental Exclusion
Oct. 26, 1936  Chino-Japanese Relations
Jan. 02, 1928  The Position and Problems of Chinese Nationalism
Apr. 15, 1927  Foreign Intervention in China
Feb. 04, 1927  China and the Great Powers
Dec. 18, 1925  Extraterritoriality in China
Sep. 24, 1924  Military and Civil Aspects of the War in China
BROWSE RELATED TOPICS:
Regional Political Affairs: East Asia and the Pacific
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