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PRC'S global expansion and new trends in the world economy
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PRC'S global expansion and new trends in the world economy
Annotation
PII
S020736760019066-1-
Publication type
Article
Status
Published
Authors
Oleg Komolov 
Affiliation: Institute of Economics, Russian Academy of Sciences
Address: Russian Federation, Moscow
Edition
Issue 3
Pages
118-128
Abstract

The article is devoted to the problems and prospects for the development of the Chinese economy in the context of the decline of the systemic cycle of capital accumulation in the USA, in which three stages are distinguished. Based on the analysis of China's expansion in the global ferrous metals market, the author assesses the chances of China to win the struggle for leadership in this area. The author comes to the conclusion that in the "steel wars" China, despite the pressure exerted on it, wins over European and American competitors, since the restrictions imposed from abroad are compensated by the growth of domestic steel consumption, which allows China not only to maintain a leading position in the iron and steel industry, but to create conditions for further expansion in metal-intensive industries.

Keywords
China, USA, globalization, ferrous metallurgy
Date of publication
21.03.2022
Number of purchasers
15
Views
900
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0.0 (0 votes)
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