“How are your Chinese lessons?” we asked our granddaughter Kristin, 8. “So-so,” replied this International School second-grader. “Why?”
“You and Kathie will need Mandarin,” we replied. Katarina, 5, is in kindergarten. Both grapple with Swedish, their mother’s language. Their playmates and nanny speak Cebuano.
“China will irresistibly shape our future,” writes Martin Jacques in the Observer. He updates his 2009 book “When China Rules the World” that foresaw Beijing’s economy overtaking that of the United States after 2020.
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What Martin Jacques had outlined in his lecture is of great importance to us Filipinos who are caught in the big geopolitical power game between the US and China
Jacques narrated that even before the Western Financial Crisis Goldman Sachs had already projected that the Chinese economy will soon surpass that of the US and that in 2050 the Chinese economy will be double the size of that of the US.
Citing BNP Paribas projections, Jacques stated that the post-crisis date when China overtakes the US is now 2020. “China is going to change the world in two fundamental respects. First of all, it’s a huge developing country with a population of 1.3 billion people, which has been growing for over 30 years at around 10 percent a year,” Jacques said.
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