Gerald
10-21-12, 07:33 AM
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China is on course to becoming a superpower - but not in the way many expect, writes economist Martin Jacques.
Beijing these days is positively throbbing with debate. It may not have the trappings of a western-style democracy, but it is now home to the most important and interesting discussions in the world.
When I addressed an audience of young Chinese diplomats at their foreign ministry a year ago, it was abundantly clear that a fascinating debate is under way about what kind of foreign policy might be appropriate for the global power China is in the process of becoming.
What will China be like as a superpower? You might think it is already - it is not.
Its military power is puny compared with that of the US. While America has 11 aircraft carriers, China only commissioned its first last month - based on, of all things, a Ukrainian hull.
And its global political influence is still extremely limited.
The only sense in which China is a superpower is economic - that is, its economy is already over half the size of the US economy and projected to overtake it around 2018, notwithstanding its reduced growth rate of 7%. But this is overwhelmingly a function of China's huge population. In terms of technology and living standards it lags far behind the US.
http://www.bbc.co.uk/news/magazine-19995218
Note: 19 October 2012 Last updated at 17:13 GMT
China is on course to becoming a superpower - but not in the way many expect, writes economist Martin Jacques.
Beijing these days is positively throbbing with debate. It may not have the trappings of a western-style democracy, but it is now home to the most important and interesting discussions in the world.
When I addressed an audience of young Chinese diplomats at their foreign ministry a year ago, it was abundantly clear that a fascinating debate is under way about what kind of foreign policy might be appropriate for the global power China is in the process of becoming.
What will China be like as a superpower? You might think it is already - it is not.
Its military power is puny compared with that of the US. While America has 11 aircraft carriers, China only commissioned its first last month - based on, of all things, a Ukrainian hull.
And its global political influence is still extremely limited.
The only sense in which China is a superpower is economic - that is, its economy is already over half the size of the US economy and projected to overtake it around 2018, notwithstanding its reduced growth rate of 7%. But this is overwhelmingly a function of China's huge population. In terms of technology and living standards it lags far behind the US.
http://www.bbc.co.uk/news/magazine-19995218
Note: 19 October 2012 Last updated at 17:13 GMT