China's Ultimate Goal of Returning to the Middle Kingdom
China is aiming to regain its position as ‘The Middle Kingdom’, the center of the world. They wish to become a major political player through their military and economic prowess. They aim to gain the strength to flex their political will throughout the world. I believe their goal is to become united once again as ‘One-China’. When China totally regains its territories, such as Hong Kong, they plan on being a dominant world power once again.
China’s main goal is to become a major player in world politics, more specifically the main player. In sorts they wish to be in the same position as the United States; they wish to be involved in all major political decisions and actions around the globe. They want governments to feel the need to ‘o.k.’ their actions with them before they commit to their actions. To do this they must have military power as well as economic power. China still wants to be the ‘middle-kingdom’ and the top leaders know this will take giving up short-run concessions in order to gain long-run supremacy.
China will be hurt in the short-run by increasing its economic interdependence. The removal of certain tariffs and regulations will open up the Chinese market to outside competition. Government owned companies that were losing money will not survive with out drastic changes. This will lead to high unemployment while the Chinese market transitions to this new economy. The Chinese will need a social security and public health care system to deal with the temporary unemployment. The agricultural industry will be hurt most by this new competition. In the political realm china will no longer be totally free from ‘spiritual pollution’ and ideas that counter the CCP’s philosophies.
The long-run benefits will greatly out weigh these costs. First and foremost they will gain market stability. WTO rules and regulations will help smooth out the effect of different policy shifts in various governments; mainly in dealing with the nuisance of the U.S.’s yearly criticism of their human rights record while China attempts to regain MFN status. This greater stability will attract foreign investors in China’s exports and Domestic enterprises. These investors will bring with them new capital, new management, access to global production and distribution, and most importantly new information and technology. These new investors will also help reform China’s economy. Companies will now be punished or rewarded with bankruptcy or new trade depending on their management and profitability. This will motivate companies to stream line production and become more aggressive in their sales.
To attract foreign investors China will have to change or modify its foreign policy. These changes first became apparent in 1995 when China opened their doors to American movies, music, and software. Then in 2000 they promised to make their currency convertible for foreign...