China: Threat or Friend? Essay -- Economics

China: Threat or Friend? If you input â€Å"China’s GDP† by using a Google search, the first result jumps into your eyes should be a chart presented by World Bank, which indicates how dramatically the economy has grown in China from 0.10 trillion dollars in the year 1960 to 5.93 trillion in 2010. As Professor Stephen S. Roach wrote in his article ‘10 reasons why China is different’, China’s economy has made a break-through indeed due to its tremendous changes and unremitting efforts among: â€Å"strategy, commitment, wherewithal to deliver, saving, rural-urban migration, consumption, services, foreign direct investment, education and innovation. †Ã¯ ¼Ë†Stephen S. Roach ï ¼Å'10 reasons why china is different ï ¼â€°So many cases illustrated how China’s immense impacts not only in domestic but also on universe. By focusing on its worldwide influences, one evidential example in domestic was Lenovo purchased the giant IBM’s PC branch in the year 2005. With the completion of the 1.75 billion bill, which was expected to happen before the end of the second quarter, June 30, 2005, made Lenovo become a much larger company and had more than quadrupled of its annual revenue. â€Å"The company, which owned just under $3 billion in annual revenue before the acquisition, now has annual revenue of around $13 billion and is the world's third-largest PC vendor, behind Dell and Hewlett-Packard.†(Sumner Lemon, IDG News) Lenovo, as an indigenous computer enterprise in mainland of China, was firstly incorporated in Hong Kong in the year 1988. It used to be a tiny computer producer and gained little influence in its market. After expanding its areas, Lenovo has become a multinational technology company as a technologic legend in China. Its products include personal computer... ...â€Å"Chindia-Threat or Opportunity† New Presence: The Prague Journal of Central European Affairs, Winter2010, Vol. 12 Issue 4, p47-50. Economist, 6/26/2004, Vol. 371 Issue 8381, p44-45. Edward, Friedman and Barrett, McCormick, What If China Doesn't Democratize?(Armonk, NY: M.E. Sharpe, 2000). Peter Hays Gries, China's New Nationalism (Berkeley, CA: University of California Press, 2004). David M. Lampton, Same Bed, Different Dreams: Managing U.S.-China Relations: 1989-2000 (Berkeley, CA: California University Press, 2001). Robert ,Sutter, China's Rise in Asia: Promises and Perils (Lanham, MD: Rowman & Littlefield, 2005). Ming, Xia. â€Å"China threat or a peaceful rise of China†, The New York Times, March, 2006.Web. Wikipedia, List of Countries by GDP (nominal) per capita. World Economic Outlook Database-April 2012, International Monetary Fund. 18 April 2012.