New World Superpower?

Though some find it difficult to believe, specialists say that China will eventually surpass the United States as the world’s largest superpower.
Currently, with a population of over one billion people, this rising superpower has demonstrated an outstanding economic growth rate in this past decade that far surpassed the historic growth rates of China’s economically strong neighbors, Japan and the Republic of Korea.
The People’s Republic of China has been reported to be growing at a faster pace than any modern nation in history, at a constant 9%. Just this past quarter, they have been estimated to have made a 9.4% surge, astounding economists and analysts by the continual growth.
Many accredit the growth to foreign investment, government spending on infrastructure, and trade. Some may also worry that there lies too much dependency on China’s part, yet recent reports have shown that the economy was less reliant on foreign investment and trade and more on government mandate. In China retail spending remained strong, incomes were rising, while inflation remained under constant view. Though there are no signs of the economy slowing down, some specialists indicate their continual economic soar would eventually fizzle and meet risks later on. Aside from China’s stunning acceleration in the world, what also comes into question is the United States eventual decline into becoming a “has-been” superpower. People question the current US administration’s approach to an apparent descent in global status for the nation and relations with the new superpower. Viewing their relationship with China in relations to the Cold War, the United States is believed to be following a neo-conservative approach with the expectations that all nations are heading toward democracy. For a one-party system such as the People’s Republic of China, many agree that wouldn’t be the best approach.