The study of world power has been by the Eurocentric historians. They have distorted and also ignored the role that china played in the world economy which was between 1100 and 1800. Chinas re-emergence raises many important questions. Many of them are about what we can learn from its previous rise and fall and also about the external threats. Between 1100 and 1800, it was very important to know how china made the wests emergence possible. By assimilating and borrowing Chinese innovations. By this, the west were able to make the transition to modern capitalist economies.
There was a man name John Hobson. He provided a wealth of empirical indicators which demonstrated china’s global economic superiority over the west and in some places
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But, china relied on the open markets and superior production and banking skills. China was flooded with British opium which were produced on its plantations in India. The rulers in china have long accustomed to its trade and manufacturing superiority. The foreign policy in china were hampered by its excessive reliance on trade relations. The British penetration and colonization of china’s market made an entire new class. The wealthy Chinese have imported British goods and facilitated the takeover of local markets and resources. The imperialist forced greater exploitation and workers. Early 20th century china had descended from world economic power to a broken semi-colonial country with a huge …show more content…
Its goods and services are also rapidly rising in both quality and value. China has also replaced the U.S. as the principle market for Saudi Arabian, Iranian, and Sudanese petroleum. Right now, china is the world’s biggest manufacturer and exporter. Dominating the U.S. market. However, the global rise faces challenges. It is not accompanied by any imperialist undertakings. China has also lagged behind the U.S. and also Europe in aggressive war-making capacity. Cinna lacks of political and ideological strategy capable of protecting its overseas. Chinese to with draw 35000 oil engineers in china and also the construction workers in days. They had an active policy countering imperial aggression. It has supported revolutionary movements and independent third world governments. Nowadays, china does not have an active policy of governments. China has a powerful trading, financial, and investment networks that covers the globe. In other words, china is a very incomparably stronger than it was in early 18th