ECONOMICALLY RISING CHINA: A CHALLENGE TO THE US HEGEMONY

Abstract

This paper explores the challenge posed by China's economic rise to the long-standing hegemony of the United States. The objective of the study is to analyze the multifaceted dimensions of China's economic ascent and its implications for the existing global order. The background section provides context on the historical context of China's economic reforms and its subsequent transformation into a global economic powerhouse. The methodology involves a comprehensive review of academic literature, economic data, and geopolitical analyses to examine the competitive dimensions between China and the US in trade, technology, and geopolitics. The results indicate that China's rapid economic growth has led to shifts in the balance of power, trade dynamics, and technological advancements, challenging the US-led international order. Based on the findings, the paper puts forward recommendations to address this challenge, advocating for strengthened multilateral cooperation, strategic economic partnerships, promotion of technological innovation, and adherence to global norms to maintain the US's global influence amidst China's ascent.