What Is The Status Of China Overtake The Us As World Power

China will soon overtake the U.S as the world power

World power is a sovereign state that is recognized as having the ability to exert its influence on a global scale. World power characteristically possesses military and economic strength. The status of a world power is formally recognized in international structures such as the united nation security council also known as the UN. Leopold Van Ranke, wrote in his essay ”The Great Power” that a great power is one that is able to maintain itself against all others, even if they are united.

At the start of 19th century, congress of Vienna established the concert of Europe as an attempt to preserve peace. Australia, France, Persia, Russia and United Kingdom were the Great

America is the most developed and famous country in the world. United States has the most developed economy and is proceeding towards more success. U.S is a very active and major member of the United Nations which has top and likely countries in its council, it is very easy for U.S to influence the United Nations because of the power and reputation it holds all over the globe. The U.S military is one of the finest in the world because of the training they put in and also because they have high budget for their army which includes; Ground force, navy and air force. U.S invests in high technology in artillery to make their forces stronger. Investment in technology makes U.S military dominant over the military of other countries including China.

Apart from all the positive aspects of U.S, most of the population said that China will overtake U.S as the best and most powerful economy of the world. According to the report by Peru Research Center, the close allies of U.S feel that China is moving ahead of U.S in almost every aspect. Surveys show that 48% of the economists say that china will become the world power, 37% say that U.S will remain the world power and continue dominating over the world and the remaining 15% made no remarks. In United States around 78% population says that U.S will remain world

US have control over its economy e.g. United States has a substantial lead in innovation. US have a dominant position in many popular industries as well as brands such as Nike’, Apple, Adidas, AND 1, Jordan e.t.c. and New York will remain the world’s premier financial center. Economists in US state that measuring the GDP with PPP (purchasing price parity) is “not quite the real thing” according to them GDP calculation should not include PPP as they don’t think it is the right way and by this statement we see that US recognizes itself as still the number 1 in world economy, because by not including purchasing power parity China’s GDP per head is less than even quarter of United State’s GDP per head. Also according to international monetary fund in 1980 China’s economic output was one tenth of that of US and at that time the concept of purchasing power parity was not developed. Now with including the PPP the GDP of China has risen at a good amount. China in terms of GDP is 20 percent ahead of US. The basic purpose of purchasing power is to get a way to get at hidden advantages which developing nations have as purchasing power is different for different countries. But according to Jeffery, who was in the council of economic advisers at the time of president bill Clinton, says that PPP is the wrong thing to take into account when looking at