Why China is not a global superpower — yet..
Until Chinese president Xi Jinping can stabilize the economy and liberalize domestic policy, China’s influence over the rest of the world is limited. What do the fluctuations in China’s capital market mean for the global economy? As can be seen in the recent stock market slide , capital markets outside of China were impacted, but quickly rebounded. Make no mistake, whatever happens in China certainly ripples across the globe, but until such time as Chinese president Xi Jinping can stabilize the economy and liberalize domestic policy, China in actual terms will not become a true global power. China is the second largest economy in the world. It is pumping money into countries all over the globe and those investments come with strings attached. As China expands its foothold into Africa, Middle East, Australia and further into Asia, they may find that they will not be able to sustain that type of expansion if the economy at home is not stable. Xi Jinping is caught betw...