Thesis(M.A.) - Cyprus International University. Institute of Graduate Studies and Research International Relations Department

Includes bibliography (sheets 82-87)

ABSTRACT About four decades ago before the implementation of changes to the economy and the liberalism of commerce, China sustained strategies that left the country in poverty, centrally influenced, grossly inefficacious and separated from world economic affairs. From the moment it welcomed external commerce, investing possibilities, liberalization of markets in 1979, it has recorded one of the major fast-growing economies. At this rate, it has experienced GDP growth of about 9.5% in 2018. This rate has made it possible for it to increase its GDP by a two-fold increase every eight years and alleviate several millions off poverty. It is the biggest possessor of US financial securities that aided in funding US debts hence keeping US interest rates reduced. The Trump regime in 2017 engaged a Section 301 probe into China's creativity as well as intellectual possession schemes considered threatening to US economy as well as the US-established Liberal World Order. This was followed by an increase in levy by 25% on imported goods valued at 250-billion-dollars from China. China in retaliation levied a 5 to 25% tariff on imports worth 110 billion dollars from the US. This trade wars have reduced trade between both nations in 2019. Donald Trump on May 10, 2019 considered levying increased tariffs on the remaining imports from China. Such trade wars could have detrimental effects on China's economy. Whether or not China's rise would be a peaceful affair is a purely speculative judgment, much of which is elaborated in the following pages.