Question #294105
Discuss some of the main domestic challenges currently confronting China and whether
these issues may compromise its ambitions to become the next global superpower.
Expert's answer
The challenges facing China include hostility over its trade policies, which restrict market access, favor SOEs, and compromise intellectual property rights; a weak legal system that favors special interests and is dominated by the CCP; slowing growth and rising debt; and a constitution that makes empty promises to the citizens.
China faces a number of major economic challenges that could dampen future growth, including distortive economic policies that have resulted in an over-reliance on fixed investment and exports for economic growth (rather than on consumer demand), government support for state-owned firms, and a weak banking system. In aspiring to be a global superpower, it should solve the economic problem and consolidate its weaknesses.
