China running out of time to establish its dominance over the world

Washington/Beijing – US analysts claim that China who aspires to be a world superpower, does not have much time left. Analysts say that while China has surpassed many countries of the world, including the United States, the growth cycle is nearing its end in various sectors. The Chinese economy is in a state of meltdown and the country is moving towards dictatorship.

An article by Michael Beckley and Hal Brands on the Foreign Affairs website claims that China wants to restructure the world. However, the time is running out for them. Beckley and Brads point out that China is facing challenges of natural resources shortage and a declining population. The article acknowledges that the international community is no longer ready to welcome China, which was once the strength to help grow the economy.

China’s progress and economic growth has been steady over three decades. But it has been facing challenges in the last few years and showing signs of a slowdown. Although China is a superpower, it would not progress further than what it has already achieved. US analysts warned that expansionist and aggressive plans of the Chinese regime could be a decisive factor contributing to the lack of time to meet its aspirations.

Meanwhile, there have been reports of a decline in the foreign exchange reserves in China. In just one month, China’s foreign exchange reserves have shrunk by $31.5 billion. China’s foreign exchange reserves currently stand at $3.201 trillion, the lowest level since April.