How powerful is China?
China is right now the second most powerful country on the planet,without doubts.
China has the second largest economy on the planet. It has the third strongest military. It has a population of 1.3 billion people,who rank among the highest in IQ. China is really the only one who will challenge the US hegemony in the near future.Russia has a strong military (not much stronger than the chinese one,which is making progresses at an astonishing rate,and there are tons of examples of that) but it"s economy is nowhere near China.
China is also investing on projects around the world (some of them are huge).In the future China will surpass the US in GDP (in around 10 years) and this will lead naturally to more military spending , and they will probably have the second strongest armed forces. I don't think China will surpass US military simply because they don’t want to be a global “police”. Even now, China spends around 2% of it's GDP in it's military, while the US spends around 3.3%.
So, in around 10/15 years the world will become multipolar( with the US and China as the two major powers and leading it). China will have a bigger GDP while the US will probably have a bigger soft power(at least in the foreseeable future) . Considering all, China could even be slightly ahead.
Other countries, like Russia and India ,could possibly catch up with the US and China in this new multipolar world but it will take them much more than 10/15 years, if they will ever be on par or “beat” China and the US .
Pratik Kalra, former Entrepreneur
Let me tell you some numbers and some facts about China which might give you an estimate of how powerful China is
(1)China is the world's most populated country with approximately 1.386 billion people.
(2)There are 2 banks from China which make to the world's largest banks as of 2018. They are HSBC bank and bank of China.
(3)The Chinese company tencent is the owner of the companies which have produced games such as Pubg, Clash of clans, League of Legends.
(4)China has it's own search engine, video streaming platform and chat apps
(5)China is the leading manufacturer in the world and almost all the tech companies and product companies manufacture their products in China.
(6)The Chinese company Alibaba is the china's biggest exporter and unlike amazon it does not kills businesses on the contrary it helps them grow.
(7)China owns 25% of US debt.