THE RISE OF CHINA AND ITS GLOBAL IMPACT: ECONOMIC TRANSFORMATION, GEOPOLITICS, AND SUSTAINABILITY

Abstract

This study is focused on development of China as a world economy, and its multidimensional influence to the global system. At an above level, this study has a qualitative research design based on secondary data from academic literature and policy reports and international institutions measured by content analysis. A summary of the results indicates that China owes its economic transformation to a combination of open-market reforms, export-led industry and diligent state-directed strategic planning. The analysis also shows China’s rise has caused opportunities and challenges around the world. Although trade, investment and infrastructure development are given to developing countries in return for overcoming economic dependence they remain as concerns. However, in developed economies China has increased the competitiveness of industries and altered global trade. The analysis also calls attention to the rise of a more geopolitical China and how it has helped move toward a more multipolar order. Nonetheless, the environmental implications will still be substantial; China is dedicating more resources to sustainable development now than ever before. With the integrated analysis of China development and its economic impacts, geopolitical implications as well as environmental consequences, this paper adds to existing literature.