China is taking on the role of a global actor that has been strengthened with the outward policy practices that started in the 1970s. The main question of this article is whether it has the intention and power to take over the current hegemony in globalization as a result of the striking developments in production, trade, innovation, energy use and transnational capital and the advantages of being the fastest growing country on average. Therefore, the question of China's labor costs and advantages and growth with the Lewis Turning Point (LTP) and the Middle Income Trap has been dealt with, in particular, taking into account the post-crisis conditions. The effects of the global crisis and the US-China trade wars on the Chinese economy were questioned, among other things, to increase the total factor productivity in overcoming the Middle Income Trap.
Jel Codes: B27, F23, F43, F63, G38, J61, N35
FOSTER, J.B. and MCCHESNEY R.W., (2013) Küresel Ekonomik Durgunluk ve Çin, Monthly Review,31: 112-145
GARNAUT, R. (2010), Macro-Economic-Implications-of-the-Turning-Point, China Economic Journal 3(2) :181-190
GILL, I. S. ve KHARAS, H. (2007), An East Asian renaissance: Ideas for economic Growth, The World Bank, ISBN-10:0-8213-6747-1, Washington DC, USA.
GÖKTEN, K. (2012), “Çin Yüzyılını Anlamak”, Ankara: Nota Bene Yayınları, ISBN:978-605-5513-15-3
GULUZADE, A. (2019), The Role of China's State-Owned Companies in the Trade War,World Economic Forum Global Shapers Annual Summit, 2019-05-12 https://weforum.org, [e.t. 14.10.2019]
HANTKE, A. (2016), will-india-and-pakistan-cripple-the-sco
HENNIGAN, M. (2011), China became the world's biggest manufacturer in 2010; US loses crown held since 1895, Finfacts.
HICKS J., and HARVEY C., (2018), 40th International Academic Conference, Stockholm ISBN 978-80-87927-67-0, IISES DOI: 10.20472/IAC.2018.040.025
KASA, H. (2019). Tasarruf açığı ve Arge Harcamalarının Orta Gelir Tuzağına Etkileri, TESAM Akademi dergisi, Türkiye Ekonomisi Özel sayısı: 153-182.
LARIONOVA, M.V. ve SHELEPOV, A.V., (2016), Potential Role of The Development Bank And Asian Infrastructure Investment Bank In The Global Fınancial System, Herald of PFUR, International Relations, 16(4):700-716.
NA, L. top 10 multinational enterprises of China in 2014
NUROĞLU, E. (2019), Ticaret savaşları sona mı eriyor?, aa.com.tr/analiz
PENG, B. (2018), China, Global Governance, and Hegemony:Neo-Gramscian Perspective in the World Order, Journal of China And International Relations ,6(1): 48-72
REISEN, H. (2015), Will the AIIB and the NDB Help Reform Multilateral Development Banking?, Global Policy, Wiley, Hoboken, 6(3): 297-304
SHAH, R. (2012), What is 'Lewis turning point' and its importance for China,
TRAN, V.T. (2013), The Middle-Income Trap: Issues for Members of the Association of Southeast Asian Nations, ADBI Working Paper No: 421. Tokyo: Asian Development Bank Institute. Available:
WATTS,J.,(2010).china-overtakes-us-energy-consumer https://www.theguardian.com/environment/2010/aug/03/china-overtakes-us-energy-consumer, [e.t. 05.12.2019]
WANG, H. (2019), The New Development Bank and the Asian Infrastructure Investment Bank: China’s Ambiguous Approach to Global Financial Governance Development_and_Change
WANG, X. and WEAVER N., (2013), Surplus Labour and Lewis Turning Points in China, Journal of Chinese Economic and Business Studies, 11(1): 1-12
Global Innovation Index (2019), Creating Healthy Lives- The Future of Medical Innovation, ISBN 979-10-95870-14-2, Geneva
International Monetary Fund World Economic Outlook Uneven Growth Short and Long Term Factors, April-2015, ISSN 0256-6877, International Monetary Fund Publication Services, Washington DC
Trade And Development Report (2019), ISBN 978-92-1-112953-3,United Nations Publication, Newyork, USA
UNCTAD WIR (2018), United Nations Publication, ISBN 978-92-1-112926-7, Geneva
Made in China?
https://www.economist.com/leaders/2015/03/12/made-in-china, [e.t. 20.11.2019]
Çin'in ilk açık küresel yönetişim fikri 14 Ekim 2015
http://www.xinhuanet.com//world/2015-10/14/c_1116824064.htm [e.t. 04.10.2019]
http://statisticstimes.com/economy/world-gdp-ranking-ppp.php [e.t. 09.12.2019]
China unveils new list of top 500 enterprises,
imf.org/en/News/Articles/2019/08/09/na080919-chinas-economic-outlook-in-six-charts [e.t. 12.09.2019]
China economy: Annual growth slowest since 1990, bbc.com/news/business-46941932 [e.t.17.10.2019]
Fortune Global500 (2019), fortune.com/global500/2019/ [e.t. 01.10.2019]
Lessons from outperformers, https://www.mckinsey.com.mgi-outperformers-full-report-sep-2018.ashx [e.t. 01.10.2019]
China’s 2013 exports rise 7.9%, imports up 7.3%, chinadaily.com.cn/business/2014-01/10content_17229362.htm [e.t. 01.11.2019]