If its economic growth continues, the rise of China will be the most important change in the global economic, political and military balance of the next century. This growth will be accompanied by environmental degradation, an activist foreign policy, and even military adventures. Yet the pervasive tendency to blame China, and the current regime in particular, is misplaced. Most of China's actions are perfectly understandable attempts by a rising power to expand its influence abroad.The rise of china, if it continues, may be the most important trend in the world for the next century. When historians one hundred years hence write about our time, they may well conclude that the most significant development was the emergence of a vigorous market economy-and army-in the most populous country of the world. This is particularly likely if many of the globe's leading historians and pundits a century from now do not have names like Smith but rather ones like Wu.
China is the fastest growing economy in the world, with what may be the fastest growing military budget. It has nuclear weapons, border disputes with most of its neighbors, and a rapidly improving army that may-within a decade or so-be able to resolve old quarrels in its own favor. The United States has possessed the world's largest economy for more than a century, but at present trajectories China may displace it in the first half of the next century and become the number one economy in the world.
Even in the US, the cry is heard: Go east, young man! "If I were a young journalist today, figuring out where I should go to make my career, I would go to China," said Philip Bennett, the Washington Post's managing editor, in a fawning interview with the People's Daily in Beijing a few weeks back. "I think China is the best place in the world to be an American journalist right now."The only thing rising faster than China is the hype about China. In January, the People’s Republic’s gross domestic product (GDP) exceeded that of Britain and France, making China the world’s fourthlargest economy. In December, it was announced that China replaced the United States as the world’s largest exporter of technology goods. Many experts predict that the Chinese economy will be second only to the United States by 2020, and possibly surpass it by 2050.
Western investors hail China’s strong economic fundamentals—notably a high savings rate, huge labor pool, and powerful work ethic—and willingly gloss over its imperfections. Businesspeople talk about China’s being simultaneously the world’s greatest manufacturer and its greatest market. Not to be left out, every global automobile giant has built or is planning new facilities in China, despite a flooded market and plunging profit margins.
I will tell you more about "The Rise Of China" for the whole month of February 2008 and how to tap the China business market from an angle on an online marketer.
Source/s:
China's peaceful rise - Wikipedia, the free encyclopedia
The Rise of China and Its Effect on Taiwan, Japan, and South Korea
Foreign Affairs - The Rise of China - Nicholas D. Kristof
Rise Of India, China To Benefit World
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