Skip to main content Accessibility help
×
Hostname: page-component-cd9895bd7-jn8rn Total loading time: 0 Render date: 2024-12-24T13:08:13.729Z Has data issue: false hasContentIssue false

9 - Catching Up to America in a Post–COVID-19 World

Published online by Cambridge University Press:  27 August 2021

Tian Zhu
Affiliation:
CEIBS
Get access

Summary

Will China catch up to America, and if so, when? Will the superpower conflict with the United States derail or at least significantly slow down China’s rise in a post–COVID-19 world? What does China’s further rise mean for the rest of the world? These are the questions addressed in the final chapter. It first assesses China’s potential growth rate over the next thirty years under the assumption that geopolitical challenges will not have a significant effect on China’s long-term growth trend. The chapter then discusses the impact of the COVID-19 pandemic and geopolitics on China’s growth prospects. The chapter projects that China’s economy will most likely surpass that of the United States by 2030 and possibly double that of the United States in 2050. It is argued that geopolitics will not have significant impact on China’s economic prospects, and that China’s rise can benefit the rest of the world particularly through its increasing contribution to global technological progress. Because China’s rise appears irreversible, the chapter concludes that we are entering a truly multipolar world, and peaceful coexistence is no longer an option but a necessity.

Type
Chapter
Information
Catching Up to America
Culture, Institutions, and the Rise of China
, pp. 207 - 228
Publisher: Cambridge University Press
Print publication year: 2021

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

Save book to Kindle

To save this book to your Kindle, first ensure [email protected] is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about saving to your Kindle.

Note you can select to save to either the @free.kindle.com or @kindle.com variations. ‘@free.kindle.com’ emails are free but can only be saved to your device when it is connected to wi-fi. ‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.

Find out more about the Kindle Personal Document Service.

Available formats
×

Save book to Dropbox

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Dropbox.

Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

Available formats
×