Publication

This paper states that while the World Bank has predicted that China’s gross domestic product (GDP) in purchasing power parity will surpass that of the US in late 2014, there are reasons why the Chinese government does not want to accept this position in the world economy. These reasons include 1) the Chinese government’s concern that the country’s power will be overestimated 2) that its position as the world’s number one economy could lead others, such as the US, to constrain Beijing’s foreign policy by outlining associated responsibilities; and 3) fears over the rise of nationalism.