Question

In 400 words, Explain how will China develop politically, economically, and socially during the next two decades.

Answer 1

China is a socialist republic, that follows the centralized communism philosophy with the stronghold of the country. The country of China, will show a bit more transparency in their political system, but it will strongly emphasize the central political leadership without its dilution. It will take initiatives to bring reform to the relationship between the political leadership and MNC enterprises coming to the china, but it will not let any interference, of the external world or opening up for the other parties or following true democratic political structure. So, most of the political change will be only for the change in visual reform in political structure without making any real change in the coming two decades.
Regarding the economic development, China will focus not only about the next level of economic reforms, making laws that protect intellectual property rights, but also it will develop human capital that is more superior in skills, proficient and come at relatively higher wage level. It will improve the productivity level in the country. As a result, China will not be dependent upon the foreign influx of highly skilled labor, rather it will produce its own. In coming 20 years, a next generation of Chinese workforce will be developed. Regarding economic reforms, the laws will be made more friendly to the MNC companies such as repatriation of income so that more companies can be attracted to the China. It will boost the Chinese economy and GDP will increase. Further, the number of jobs, per capita real income and living standards will also get better in the country of China. But, it will still not be equivalent to the living standards of the countries in western part of Europe or USA. Besides, at present China is more lenient towards the IPR laws, but in coming time, it will be more stringent as it will make credit worthiness to the Chinese regulatory framework, a precursor to attract the new companies in China.
Regarding the social development, the social norms and culture will adapt few good aspects of the other cultures that will reach China with the people going to China. It will relax the uncertainty avoidance index and increase the level of indulgence in the country. Further, dietary habits in the society will also be modified due to the social structure getting modified. The presence of globally renowned fast food chains in China, will also facilitate this social change. The one kid policy in China, will also curb the family size, and average age of the population will increase with a decreasing rate of growth of the population.
So, China will change in coming 2 decades, but in different proportions to different dimensions.