It’s hard to quantify the economic and financial clout of China in so far as international trade is concerned. By and large, China’s robust economic tentacles are now fast creeping into the consciousness of its neighboring nations, whose imports comprise mostly as those originating from China. It is no wonder China is able to command a good lead in the international trade deals owing to its much cheaper goods compared to those being produced by local manufacturers, most of them are now howling a mad of protests over the overflooding of cheap Chinese goods into their markets.
But can we blame China if it has cheap labor and highly disciplined workers who stick to labor rules because they have no choice but to obey under a communist government? What keeps weak nations at the mercy of advanced economies is that they continue to be subservient to the dictates of a a foreign power. However, this apprehension is now being doused off by the intercession of China through soft loans that it avails to nations that are in need of fresh oxygen to breath. This is one great advantage that is favorable to China at this point in time because they always come to the rescue when its help is needed, where other hypocrite nations fail to address the needs of that particular country.
China’s edge over the others is its very low interest on international loans. China believes that no matter how small the interests are but when taken all together around the world, the outcome would be equivalent to leaps and bounds in revenues accrued to its already bursting coffer. Perhaps, that’s the Confucian logic that had been inculcated in the minds of most Chinese, which they thought are helping them a lot in order to guide them in a lot of ways.