Poll: China world's top economic power
Source: Agencies |
June 14, 2012, Thursday
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Print Edition
Print Edition
For the first time, people responding to a global survey are more likely to view China and not the United States as the world's leading economic power.
The results of the Pew Research Center survey do not reflect reality - America's economy remains well ahead of its closest rival. But it does highlight China's steadily rising public image amid rapid growth, as well as the erosion of the US status as the global superpower, especially after the 2008 financial crisis left it struggling with recession and high unemployment.
The 21-nation poll found that 41 percent of people said China was the world's economic power, while 40 percent favored the US. Among the 14 nations that were asked the same question in 2008, the margin was wide with 45 percent placing the US on top and just 22 percent opting for China. Of the 14 this time, China was favored by 42 percent to 36 percent for the US.
The trend was especially strong in Europe with 58 percent of people in Britain seeing China as the leading economy, compared to just 28 percent for the US. Even in America, respondents were about evenly divided on the question.
Turkey and Mexico were the only countries where more than half considered the US the leading economic power.
"Over the last few years, perceptions about the global economic balance of power have been shifting," Pew said in the report.
China passed Germany as the biggest exporter in 2009 and has overtaken Japan as the world's second-biggest economy. But its situation is complex. It is relatively poor by income per person, while the US is among the richest. The US is the global center for the auto, computer, finance, aerospace and other industries.
China's competitive edge is its large pool of low-cost labor, but that is shrinking as wages rise and the Chinese population ages. The World Bank and the Chinese government's own advisers warn it must make basic changes to its economic strategy to boost productivity and keep incomes rising.
Those nuances are reflected in the Chinese public's more tempered views of their country in the Pew survey. Only 29 percent of people interviewed saw it as the leading economy, versus 48 percent for the US.
The polls were nationally representative surveys conducted in March and April by 26,210 telephone or in-person interviews in 21 countries, including Brazil, Japan, India, France, Egypt, Tunisia, Pakistan and the US.
Across the 21 nations surveyed, the median percentage with positive views of China and the US were about the same, at 49 percent and 52 percent, respectively.
But Pew noted that overall figure concealed big differences in some countries.
In Japan, 72 percent saw the US favorably, versus just 15 percent for China.
In Pakistan, 85 percent saw China favorably while just 12 percent said the same for the US.
The results of the Pew Research Center survey do not reflect reality - America's economy remains well ahead of its closest rival. But it does highlight China's steadily rising public image amid rapid growth, as well as the erosion of the US status as the global superpower, especially after the 2008 financial crisis left it struggling with recession and high unemployment.
The 21-nation poll found that 41 percent of people said China was the world's economic power, while 40 percent favored the US. Among the 14 nations that were asked the same question in 2008, the margin was wide with 45 percent placing the US on top and just 22 percent opting for China. Of the 14 this time, China was favored by 42 percent to 36 percent for the US.
The trend was especially strong in Europe with 58 percent of people in Britain seeing China as the leading economy, compared to just 28 percent for the US. Even in America, respondents were about evenly divided on the question.
Turkey and Mexico were the only countries where more than half considered the US the leading economic power.
"Over the last few years, perceptions about the global economic balance of power have been shifting," Pew said in the report.
China passed Germany as the biggest exporter in 2009 and has overtaken Japan as the world's second-biggest economy. But its situation is complex. It is relatively poor by income per person, while the US is among the richest. The US is the global center for the auto, computer, finance, aerospace and other industries.
China's competitive edge is its large pool of low-cost labor, but that is shrinking as wages rise and the Chinese population ages. The World Bank and the Chinese government's own advisers warn it must make basic changes to its economic strategy to boost productivity and keep incomes rising.
Those nuances are reflected in the Chinese public's more tempered views of their country in the Pew survey. Only 29 percent of people interviewed saw it as the leading economy, versus 48 percent for the US.
The polls were nationally representative surveys conducted in March and April by 26,210 telephone or in-person interviews in 21 countries, including Brazil, Japan, India, France, Egypt, Tunisia, Pakistan and the US.
Across the 21 nations surveyed, the median percentage with positive views of China and the US were about the same, at 49 percent and 52 percent, respectively.
But Pew noted that overall figure concealed big differences in some countries.
In Japan, 72 percent saw the US favorably, versus just 15 percent for China.
In Pakistan, 85 percent saw China favorably while just 12 percent said the same for the US.
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