When I titled my book, When China Rules The World, of course I didn’t literally mean China will rule the world because no country ever has. I referred to a situation where China is the most powerful and influential country in the world. I have no reason to change my view.
I finished writing in 2008, and everything since then has only confirmed my argument and accelerated the process. China is going to become the largest economy in the world.
It will be far from being the most developed economy, and still relatively primitive compared to the US economy, but by 2030, it stands a good chance of being much bigger than the US economy.
However, the present model is still largely based on a very labor-intensive economy which is very dependent on exports. Although China is steadily moving up the value chain and the economy is becoming more research-based, that process needs to be encouraged and accelerated, and that will require some serious economic reforms.
Author looks ahead to the time when China will dominate the world
Martin Jacques finds himself in the unusual position of being something of a celebrity in China. His book When China Rules The World, which examines the implications of China overtaking the United States as the world’s largest economy, has sold 150,000 copies and has achieved the most success in the country whose rise he foretells.
“Not bad, is it?” he quips. “When I come to China people talk to me about the book; lots of people have read it. It is different from anywhere else I have been to in the West. People say to me: ‘You know you are famous in China.'”
Long before it was trendy to do so, Martin Jacques was a firm believer that China would become a global power, and his latest book “When China Rules the World,” is attracting a lot of attention worldwide for his bold views.
The British intellectual, author and Guardian columnist was in Taiwan earlier this week for several talks on his book, through which he makes a powerful assertion – that not only will China rise, but that this will mean an end to the Western-dominated world. Nonetheless Taiwan can benefit from this, he believes, but it must grasp the opportunity to get closer to China or risk being left behind in the region.
The predictor of Beijing’s rise and Washington’s decline in less than two decades from now gives his first Asian interview to China Daily
The man who says China is about to rule the world makes his way toward me at an exit of Wudaokou subway station. None of the Chinese people around us enjoying a sunny Saturday morning in this popular student hangout of northwestern Beijing would have any idea who this shaven-headed, slightly quirky figure was or even care.
They might be slightly more intrigued if they knew the man coming into view. Martin Jacques has written a book about them and their future that is already attracting major interest in the West.
Jacques in his sandals may be an unlikely vanguard for 1.3 billion people but nonetheless When China Rules the World, which argues the former Middle Kingdom will take over from the United States as the world’s leading power, is fuelling a huge debate.