PETALING JAYA: China may overtake the United States as the biggest economic power in the next four to six years but this does not mean that it will instantly become the world’s superpower, says a leading expert on China.
Dr Martin Jacques, 67, author of the global bestseller When China Rules the World: the End of the Western World and the Birth of a New Global Order, said it would take several decades, from between 2030 and 2040, before it could even achieve developed state status.
“It’d be a long way to go as a superpower,” he said at a talk on “China As Global Superpower: What It Means For Asia and The World”, hosted by the Asian Centre for Media Studies, based in Menara Star.
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Justice Mah Weng Kwai who moderated this session began by introducing the speaker Martin Jacques. Justice Mah also highlighted the power and energy presence of the People’s Republic of China and stressed that China had attained the highest gross domestic product at purchasing power parity per capita. He proceeded to raise several fundamental issues to be considered by the speaker, namely the effect of China’s sharp economic rise on the world and the possibility of China ruling the world in the future.
The speaker, Martin Jacques began by recalling his fond memory of Malaysia and that of his late wife Harinder Veriah who died tragically. Martin Jacques is the author of the best-selling book “When China Rules the World” which has sold over 250,000 copies.
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PETALING JAYA: China continues to grab world headlines and dominate international news for many reasons. The world’s second largest economy is now expected to be the biggest in only a few years, with many far-reaching implications to follow.
World-renowned author and academic Dr Martin Jacques will be presenting a fresh look at the new China in a talk at Menara Star in Petaling Jaya at 2pm on Thursday.
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PETALING JAYA: China continues to grab world headlines and dominate international news for many reasons.
The world’s second-largest economy is now expected to be the biggest in only a few years, with many far-reaching implications to follow.
World-renowned author and academic Dr Martin Jacques will be presenting a fresh look at the new China in a public talk at Menara Star in Petaling Jaya on Thursday, Sept 27 at 2pm.
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Global business leaders are voicing increasing concern over heightened political tensions between China and Japan, sparked by a maritime dispute in the East China Sea. They fear an escalation may have a spill-over effect on their regional operations and damage trade ties between the world’s second and third-largest economies.
Company executives, diplomats and analysts told CNBC that supply chains across China and Japan and regional trade flows are at risk if the territorial dispute between the north Asian neighbors – believed to be the worst in decades – deepens.
“This could really be something that causes a huge economic dislocation,” Mike Splinter, chief executive officer at Applied Materials told CNBC. “If import barriers go up, it could affect our business.”
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Australia is leading the West into a new era of Chinese ascendancy, according to author and China-expert Martin Jacques.
‘You are incredibly privileged because you are the pioneer Western country as we move into a completely new historical era in which China is dominant,’ he said.
As part of his only public appearance in Melbourne, Jacques introduced an audience of over 300 to the updated version of his best-selling book ‘When China Rules the World’ and acknowledged Australia’s place on the ‘cutting edge’ of relations with China.
He also warned that it is ‘no longer a Western economy’.
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Amid rumours that the transition to a new Chinese leadership will take place in mid-October, a key player in the Bo Xilai affair has just been charged in Chengdu. The affair, the biggest scandal in the People’s Republic in decades, has all of the ingredients to derail plans for a “smooth transition”—but Communist authorities are doing everything in their power to ensure that it doesn’t.
Driving from the airport into the Dongcheng district of central Beijing last Saturday, I noticed the signs and signifiers of China’s economic heft were all present and accounted for—the glass and concrete towers of the financial institutions that act as the world’s bankers, the logos of the mining conglomerates that bring in the resources to fire the country’s (still) prodigious growth, the porticos of the luxury hotels where some of the planet’s biggest deals are negotiated and sealed. There were also, of course, the brutalist facades of the Chinese parastatals, which, like the ubiquitous black Audis of the party apparatchiks, signified that you were no longer in Kansas, Dorothy.
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In 1991, Chinese Premier Li Peng, who was on a visit to India, handed over Rs 500 to an Intelligence Bureau official who had been assigned as the liaison officer with the Chinese delegation. Although it is customary for visiting delegations to give gifts of mementos, the cash ‘gift’ was considered a breach of protocol, and according to media accounts, was promptly returned to the Chinese embassy.
It appears that Chinese visitors have, at the very least, been sensitised to the impact of inflation in India in recent years. For yesterday, visiting Chinese Defence Minister Liang Guanglie committed another such breach of protocol, when he handed over a cash ‘gift’ to two IAF officers – but this time the ‘gift’ was for a total of Rs 1 lakh.
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Pankaj Mishra’s From the Ruins of Empire ambitiously attempts to unite Asia intellectually, and such an enterprise is bound to face insurmountable odds.
Mishra might argue that it’s merely about how the de-colonisation of Asian countries was preceded, in the 19th century, with the stirrings of intellectual de-colonisation. Specifically, he says that the Islamic Jamal al-Din al-Afghani, the Chinese Liang Qichao and the Indian Rabindranath Tagore were first to intellectually reject the West; that this happened even before the 1905 defeat by Japan of Russia, a historical watershed demonstrating that the white man was not invulnerable; and that their ideas, rooted in “going back to one’s roots” influenced one another and subsequent Asian thinkers till de-colonisation became inevitable after World War II.
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