Summary
As China is going through a political revolution, some experts and professionals believe that the economic growth of the entire world mainly Britain is threatened by the change, the decline, and the debt China is going through. China’s GDP ‘gap’ is relatively high, indicating that the growth of China was based on unstable economic bubble. As UK lends about 16% of its foreign assets to China, there are many opinions on the issue. Some worry that the debt China has is going to throw off UK, while some say that China cannot be substituted as one of the largest global power.
Opinion
I think that China should imitate present economic style in Japan. Present economic style in Japan is to borrow money from an ordinary people in Japan. So Japan doesn’t have much debt from foreign countries. As opposed to economic style in Japan, that in China is to borrow debt mainly from foreign countries. Therefore when China has economic recession, many foreign countries intend to collect their loan. If that situation comes, China will have only load to failure. A failure of the great economic country like China have too big influence. Therefore I think China should imitate economic style in Japan.