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China's Growing Economic and Political Power: Effects on the Global South

Published online by Cambridge University Press:  07 May 2025

Alex E. Fernandez  and
Barbara Hogenboom
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China's rapid economic expansion has impressed the world. At the beginning of the twenty-first century China has become the third largest importing as well as exporting country, the fourth largest economy in the world (after the United States, Japan and Germany), and one of the top three destinations of foreign direct investment. The figures of its increasing world export market share in the period of 1985 to 2000 show that China has profited more from globalization than any other country. China achieved an average annual export growth of 4.5 percent, while the second and third country on this list achieved no more than 1.8 percent (the United States) and 1.1 percent (Korea). Its annual growth of real GDP from 1980 to 2000 was even more spectacular with an average of 10 percent. Over this period developing countries on average only grew 3 percent, and the average growth of the rest of Asia was 4.5 percent (UNCTAD, 2005b, 2004, 2003, 2002b).

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Research Article
Information
Asia-Pacific Journal , Volume 5 , Issue 12 , December 2007 , e15
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Creative Common License - CCCreative Common License - BYCreative Common License - NCCreative Common License - ND
This is an Open Access article, distributed under the terms of the Creative Commons Attribution-NonCommercial-No Derivatives licence (http://creativecommons.org/licenses/by-nc-nd/4.0/), which permits non-commercial re-use, distribution, and reproduction in any medium, provided the original work is unaltered and is properly cited. The written permission of Cambridge University Press must be obtained for commercial re-use or in order to create a derivative work.
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Copyright © The Authors 2007

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