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Monthly Archives: January 2014

China’s Economic Woes

April 27, 2021 04:29 PM
Since the formation of the Chinese Communist party, the world has watched China evolve into the world power it is today. While it is clearly evident that China is continually increasing its soft power around the world, it is less evident that China is in the midst of serious economic woes. Many of China’s efforts to expand its soft power focus on utilizing its comparative economic might, others, however, focus on expanding China’s culture. Through its acclaimed Confucian Institutes, China is planting footholds throughout Africa. These footholds increase awareness and notoriety for China throughout the entire continent. In addition, China is pouring capital into Africa, Iceland, and the United States. These foreign investments indicate a weakening homeland where Chinese billionaires do not want to store their capital. China is playing a deceiving game of economic protectionism masked by a rise in soft power. Given China’s current track, competing world powers need not fear China’s total economic dominance.
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