I have been hearing a lot lately about how much of a problem, and how big of a threat, China is going to be in the new millennium. They are positioning themselves as the newest super-power nation in the vacuum left by the Soviet Union dissolving.
There is a lot of evidence to this effect. One is that the economy has been growing at an astounding 8-10% over the past few years. Another is that, due to this influx of wealth, the government has been spending about as much or more on their military than any other nation on earth.
However, China also has some major obstacles to overcome. Can they do it?
Dave Schuler has an analysis of some of these challenges and why they might just explode any chance China has to becoming a 1st world power instead of a 3rd world nation.
Environmental Degradation
Graying Population and Pension problems
Banking Industry issues
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