China The Next "Super-Power", For Quality of Living?
Many refer to China as the next
superpower taking the place that the United States has held for more than a
century. Currently, the United States has a GDP in the range of $15 trillion while China is around $8
trillion. That being said, China is reporting upwards of 5-10% of economic growth in some
areas, while the US remains around 1-2% [1]. Despite this, China has about 4 times
more people with a population of around 1.3 billion people [1]. So yes, very soon China will
have a higher GDP and essentially “larger economy” than the US.
However, as people speak so highly
of China, I am stuck thinking about some of the countries massive hurdles.
While many enclaves have high-end development and business sectors, the vast
majority of people do not have access to clean water or habitable living
quarters. Even in major cities like Beijing, many live in make shift shantytowns
and bathe in sewage filled rivers. It is well known that being raised in these
waters is the only way to prevent getting terribly sick by swimming in them.
So why does China being the new
superpower matter? As a citizen, I would much rather live in an area with more
wealth per capita than a poorer one. Examples include countries like
Luxembourg, Norway, and Switzerland where per capita incomes surpass $60,000
per year. I have been to Switzerland and it had the cleanest and most well
built cities I had ever seen. The United States currently ranks 7th
in GDP per capita at $49,000 per year, while China ranks 91st at
$9,000 per year [1]. That being said, the
education system and job market of China is still very much skewed towards the
upper class. Middle to lower class citizens in China have almost no opportunity
of success like the citizens in the US have, and this will probably not change
greatly in the next 50 years. Education is obtained through expensive private
schools and higher paying jobs are reserved for the males of elite families.
Moving forward, China will be a
bigger entity than the United States and may have greater overall buying power
as a nation. However, with China’s current culture and method of government it
will be almost impossible for the country to surpass the quality of life many
people have the opportunity to enjoy in the US and other similar countries.
Furthermore, China’s dip into capitalism has already raised problems, as they
have had a real estate boom that left numerous “ghost cities” with thousands of
high-rise office buildings and condominiums completely empty, and more volatile
markets and criminal business practices that have scared investors of all
types. While China may seem like the next big thing, I don’t believe people
will be flocking to live there any time soon because of greatly unbalanced
living conditions, horrendously bad pollution, and non-existent enforcement of
unethical business practices.
[1] World Bank. Web.
<worlbank.org>
[2] USC US-China Institute.
Web. <China.usc.edu>
This article presents excellent counterarguments to anyone who makes the case that China is destined to replace the US.
ReplyDeleteI don't see how they can adequately address all of their impending crises and still maintain their economic prowess.
Do you have any concerns for a Chinese territorial dispute with Japan or Taiwan escalating into an all-out war? What do you think the Chinese politburo is planning to do to address these issues?