However, as the world is constantly moving towards a market-based system, the country had to switch to this system that allowed it to increase economic and still maintain its communist status. China is still in the process of building a social safety net that is largely undefined and underfunded, and it has no tax on personal capital gains. The Chinese premier less so. As market research consistently tells us, the majority of individual Chinese investors behave more like traders. Today its traded on the New York Stock Exchange with a market cap of about $45 billion and has more than 800 million unique active users. Familiarity with Leninist doctrine is still important for getting ahead. Nolan, P. (2012). There are other courts in the land such as High Courts and District and County Peoples Courts and Special Courts for military and forestry issues. Order original essay online with 25% off. A democratic state is supposed to be free and fair, and the President of the country is also chosen by the citizens to lead them through the crisis and to provide them with basic necessities and human rights. As well argue in the following pages, these assumptions reflect gaps in their knowledge about Chinas history, culture, and language that encourage them to draw persuasive but deeply flawed analogies between China and other countries. Is a China-U.S. decoupling a real possibility? All these testify to the strength of the Chinese economy. It continues apace. Hill, C. (2017). Many people have wrongly assumed that political freedom would follow new economic freedoms in China and that its economic growth would have to be built on the same foundations as in the West. However, it also highlighted the different ways in which people of color in the USA are suppressed through political representation and voter suppression. A median of 41% across the 14 EU member nations surveyed name China, compared with a median of 39% who say the same about the United States. The United States has a democratic system, but in countries . As Western attention focused on the deepening ties between China and Russia and the potential transfer of Chinese military aid to Moscow, Belarusian ruler Alyaksandr Lukashenka embarked on a three . However, the country does have branches of government that also include the executive, legislative and judicial branches of government. Consequently, the freedom of running businesses without much obstacles leads to an increase in modernization and innovation increase and the country realizes better economic growth. Get a 100% original essay FROM A CERTIFIED WRITER! The Trump administration, however, has focused on U.S. economic interests, putting the pursuit of hegemonistic benefits in a secondary position. No personal data is being tracked. In such a system innovation is limited since people do don feel motivated to come up with brilliant business ideas because undesirable laws keep on blocking them. But the technology war also hurts U.S. suppliers. . In this view, Trump wont necessarily lose if he fails to bring the pandemic under control; but if he fails to save the U.S. economy, his fate is sealed. However, there are usually lawful ways to get around that. ), Copyright 2020 CGTN. The United States takes in with high respect the principles of democracy and individualism. Here and there, yes, but not in a meaningful way in general, and not without harm to itself. China's lead over the U.S. is especially clear in Germany, the Netherlands, the Czech Republic and France, where people are at least 10 percentage points more likely to see China as the leading economy. With its democratic society, the U.S. is unable to prevent financial capitalism from swelling, or to take dramatic action against vested interests to formulate a model under which finance and industry mutually optimize and complement one another. After all, each is the others largest trading partner, and China has lent more than $1 trillion to the U.S. government by holding U.S. Treasury bills. That figure is higher than in all Western countries (for example, only 53% of U.S. individual investors trade this frequently); its also even higher than in neighboring Hong Konganother Han Chinese society with a predilection for gambling and a similar, capital-gains-tax-free regime. When life is (or has been within living memory) unpredictable, people tend to apply a higher discount rate to potential long-term outcomes than to short-term onesand a rate materially higher than the one applied by people living in more-stable societies. The differences in political beliefs led to the formation of a two-party system in the United States, contrary to George Washington's wishes. The . Its just not liberal reform. As the United States is considered a representative republic, citizen engagement is all the more important and starts with providing the citizens of the country, regardless of gender and over the age of 18, the right to vote for their communities in the form of local elections that can elect congresses that represent their towns and constituencies as well in the Presidential election for the various arms of the executive branch. The study of geography is centered on the regional system of the human-land relationship, and the core of the study of the geographical system of the human-land relationship is land use change. This observation makes one wonder whether the Democrats are exploiting well-intended pro-diversity causes at home as part of a power struggle against Republicans. The difference in efficiency between the central and local groups is significant. It is a global leader in AI, biotech, and space exploration. Doing business in emerging markets. GM sells more cars in China than in the U.S., Canada, and Mexico combined. American companies will do so only if U.S. tariffs become more penalizing than moving would be. In the China-U.S. ideological competition during the pandemic, what the U.S. seeks is not all about U.S. leadership in the international community nor U.S. economic benefits but rather coping with its identity crisis. This plays out every time a Western company negotiates access to the Chinese market. China, however, has been able to sustain and grow its economy as much as it practices a command economy. But the third assumption can also mislead those seeking to engage with China. Unfortunately, you cant copy samples. The CPC runs the country while the other non communist parties play the role of participatory. /Getty. By the 1980s she was in the first generation to go back to university, and even took part in the Tiananmen Square demonstration. Consequently, inequality is greater in China than in the United States, measured by the Gini coefficient. The differences in the political orders of China and the United States are "irreconcilable", making it difficult to keep relations between the two countries on a stable track, a leading. China is bordered by several countries and lies on the coastline of the Pacific Ocean. That history also explains the paradox that the rulers and the ruled in China operate on very different time frames. Chinas rulers see foreign engagement as a source less of opportunity than of threat, uncertainty, and even humiliation. Globalization. First, the similarities among both countries institutions would be the hierarchical construction of their judicial system; the separation of three branches of . In our experience, many Westerners dont understand what that means or why it matters. Until that happens, the world will remain unstable as the U.S. aggressively tries to eliminate political diversity. During the Cold War in the 20th century, and particularly afterward, the U.S. sought to establish and consolidate its leadership role in the international community in the name of freedom and democracy so much so that U.S. hegemony was also often referred to as hegemonic liberalism.. Corporatism also recognizes only one organization as its sole representative, which can be seen through the CCP (Chan, 1994). Either way you slice it, the economies are the two strongest . China on the other hand practice totalitarianism and collectivism which is the opposite of democracy. The branches of the government are not only responsible for the laws of the land but are also responsible for ensuring free and fair elections and that the citizens of the country that they represent are being heard (USG, 2020). Many in the West accept the version of China that it has presented to the world: The period of reform and opening begun in 1978 by Deng Xiaoping, which stressed the need to avoid the radical and often violent politics of the Cultural Revolution, means that ideology in China no longer matters. If you are the original author of this essay and no longer wish to have it published on the All the work should be used in accordance with the appropriate policies and applicable laws. Empowered by Xi to deal with the corruption that had become so prevalent early in that decade, the commission can arrest and hold suspects for several months; its decisions cannot be overturned by any other entity in China, not even the supreme court. : Statist Legacies and Market Reforms, 1980-90: Statist Legacies and Market Reforms, 1980-90. Solinger, D. J. China is more corporatism, which is the organization of society by corporate groups such as military and agriculture, which can even be seen through its different selective assemblies and congresses. Not completely and not without very high costs. In fact, the pandemic has made the world, Out of the Gobi: My Story of China and America, Money Games: The Inside Story of How American Dealmakers Saved Koreas Most Iconic Bank. In fact, many Chinese believe that the countrys recent economic achievementslarge-scale poverty reduction, huge infrastructure investment, and development as a world-class tech innovatorhave come about because of, not despite, Chinas authoritarian form of government. Leninism, however, is essentially a political doctrine; its primary aim is control. When Nixon first visited China, in 1972, the differences between the two countries were vast, in political and economic systems and of course in ideology. China now has better highways, rail systems, bridges, and airports than the United States does. Why do leaders in the West persist in getting China so wrong? It is unbelievable that the western countries face a serious competition from these nations due to the political stability found in the two countries. 10. Business in the United States moves at a different pace from China. What's most ironic about this observation is that domestic American politics are nowadays focusing on the merits of diversity, yet its foreign policy is exclusively predicated on conformity. Political discourse in China remains anchored in Marxist-Leninist ideas of struggle (douzheng) and contradiction (maodun)both seen as attributes that force a necessary and even healthy confrontation that can help achieve a victorious outcome. The complete Spotlight package is available in a single reprint. Chinas rapid economic growth is the result of its embrace of a market economy and private enterprise. China is among the most open markets in the world: It is the largest trading nation and also the largest recipient of foreign direct investment, surpassing the United States in 2020. HBR Learnings online leadership training helps you hone your skills with courses like Global Collaboration. But this argument overlooks some fundamental differences between China and the United States, Japan, Britain, Germany, and France. It is also the duty of the representative republic to inform its citizens of their rights, and the candidacy for the elections needs to be transparent since city council members to local judges to mayors, and state legislators are all appointed through voting in the United States. This review discusses recent efforts to systematically compare three leading values in China's philosophical traditionsmeritocracy, hierarchy, and harmony . Chinas is the only major economy that requires no special approval for foreign direct investments, although some sectors, such as Lived Change media and the internet, are on a negative list that restricts them. Jimmy Dore delivered a monologue on the history of the Russia-Ukraine conflict and how a "tiny cabal" are using the situation for profit on Friday's broadcast of 'Tucker Carlson Tonight' on FOX News. The primary contrast between China and the U.S. is that the former supports political diversity while the latter aggressively imposes its envisioned political conformity upon all others. There are two political theories that are needed in the discussion, the elite and the pluralist theory. This means that business contracts are not usually detailed in China since the civil codes do not cover most laws. And the narrative has had some powerful supporters. Access more than 40 courses trusted by Fortune 500 companies. Even though the laws of the United States provide every individual regardless of creed and color to vote, there have been instances of voter suppression reported, especially in relation to minorities, and this oppression has been systemic and has existed throughout the history of the US. Ideological competition between China and the U.S. in recent years comes in three basic models: The nationalist hegemony model that ultimately serves U.S. hegemonistic purposes in the international community. Now CEO of the Hong Kongbased $40 billion private-equity firm PAG, Shan spoke with HBR Editor in Chief Adi Ignatius about the economic prospects for China and the United States. And only the U.S. can threaten Americas economic supremacyby underinvesting in its own infrastructure and by limiting trade. At every point since 1949 the Chinese Communist Party has been central to the institutions, society, and daily experiences that shape the Chinese people. However, both states have a very different political landscape, which is what will be discussed in the paper today. Such ideas may appear very different from the outward-facing, Confucian concepts of benevolence and harmony that China presents to its international, English-speaking audience. But even those concepts lead to considerable misunderstanding on the part of Westerners, who often reduce Confucianism to cloying ideas about peace and cooperation. China and the United States are one of the strongest economies in the world, and both nations are considered superpowers and have contributed significantly to global politics and culture. However, the long-term effects cannot be fully accessed at the moment. The United States and China are different in almost every way in their social norms, administrative policies, economic reforms, and the vastest difference in their political ideology. In other words, it's actually the U.S. that's an ideologically driven state and not China, unlike what the Western mainstream media has falsely claimed in recent years. The elite theory focuses on the notion that only a select group of people actually run the government, which are considered elite, while the pluralist theory states that political power is rather shared between the influencing parties. Political credibility and economic development. The positions in this branch can be for either a five-year long term or even an unlimited amount of time. Some of these challenges are brought about by differences in legal, political and economic systems of different countries. It often compares itself to brands with which Westerners are familiar. The vehicles for much of this investment are still the CCPs Soviet-style five-year plans, which include the development of what Xi has termed an eco-civilization built around solar energy technology, smart cities, and high-density, energy-efficient housing. 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