Essay Example on Today China and US play as the most influential and Powerful









Today China and US play as the most influential and powerful role in the world The US standing as the world leading icon since 1890 according to its economic productivity and military power On the other hand China since its economic reforms in 1978 also emerges as a one of superpower countries In 2000s the rapid growth of Chinese economy enhances its political power within the global arena During the last quarter of the twentieth century most Asian developing countries have the experiences of transformations in political and economic sectors The rapid growth of Chinese economic power affected on the politics and economy of these developing countries especially Southeast Asia countries Meanwhile the world leading power the U S emerged to balance Chinese power in Asia and Southeast Asia 

The Southeast Asia countries have intended to expand its economic and political reforms through the power balance of the world powers the U S and China This paper will explain about the role of Southeast Asian countries between the China and U S how can the power balance of these two economic effects on the regional economic and political sectors 2 The importance of The Southeast Asia Region The Southeast Asian countries playing as the vital role were colonized by European countries since 17th centuries because its maritime access between Western and Eastern world and rich in natural resource After the World War II the maritime route of the Southeast Asian countries plays the most important role in the expansion of the world trade Therefore their roles became transformation into economic hub The location of Southeast Asia countries crate to play a pivotal among the international economic rivalry Myanmar Laos and Vietnam can connect China through not only the Asian Highways but also inland waterways In addition the landlocked Yunna of China can connect to the Indian Ocean through the west coastal exist in Myanmar The Southeast Asia countries strategic location and rich in natural resources create the desire for this China and the U S 3 China's concerns about the Southeast Asia Region Since 1970s Deng Xiaoping's open door policy introduced a market oriented economic system to reform the China economy 

The construction of Special Economic Zones along China's southern coastline to increase foreign trade is the first step of its newly economic policy After that China opened its economic investment around the world through international trade In order to gain Chinese economic policy goals the Southeast Asian countries play as a crucial role for China As the large portion of oil imports are from Africa and West Asia through the Indian Ocean Southeast Asian countries are the main ports for China to meet the energy security of its large population Among the Southeast Asian countries Myanmar is the only shortcut to the Indian Ocean through Yunan Through Kyaukphyu deep sea port China could not only import oil and gas for its energy needs but also export its goods to the west Asia and the middle east countries Through the connections of ASEAN countries such as ASEAN Free Trade Area and Greater Maekong Subregions China could meet boosts in domestic and international investment as its cheap goods can export to Myanmar Laos and Thailand The development of investment and trade between the Southeast Asian developing countries and China mutually benefited to their social and economic stabilities

To engage the economic cooperations between China and ASEAN the two parties signed the agreement to establish the ASEAN China Free Trade Area ACFTA on 1 January 2010 Now a day soft power plays an important role in international relations China gained international attentions by its soft power economy Today China can stand on the list of world largest economy According to the IMF datas China's economy increase by 6 in 2016 while the U S is 1 6 China has overcome United States and rated on the top of economic in International Monetary Fund based on purchasing power parity PPP of GDP indicator It is the world's second largest economy by nominal GDP according of 2016 data As China is now gain as world's second largest economy some also thought that BRIC Countries Brazil Russia India and China will dominate the world in the future 4 U S s concern about the Southeast Asia Region Since the end of the Cold War the United State has stand standing as sole superpower After the power expansion to middle east though the U S has met financial difficulties and that leads to decline in domestic economy it still line in world largest economies US economy is still the foundation for the global financial system Development and possession of nuclear weapon can be also count on as a military power in this era It has 11 aircrafts carriers and covered from two ocean and two friendly neighbours Canada and Mexico US spend 36 of world s military expenditure The world s military expenditure is extimate1686 billion in 2016 SIPRI Fact Sheet 2017

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