Martin Jacques, a leading British academic who wrote a best-selling book called When China Rules the World: The End of the Western World and the Birth of a New Global Order believes, as you can probably tell from the title, that China will be the dominant power of this century. Predictions about when China becomes the largest economy in the world range from 2030 onwards to as early as 2018.
Those in the West, he says, have no idea what that will entail for we arrogantly presume that as China gets richer its citizens will become more like us. Jacques says that won’t happen. China has 1000 years of civilisation to draw upon where the state is the paramount force and is seen by the population as an extension of the family – the ultimate patriarch. He says that Chinese citizens won’t become like westerners, with our demands for individual rights and freedoms and our reliance on rules over relationships. Instead China will maintain its uniqueness.
Read more >
China might have been the world’s manufacturing powerhouse for the past two decades but it could be in financial services where it is yet to have its most dramatic impact.
The country already has the world’s biggest bank – ICBC (Industrial and Commercial Bank of China) by profit and market capitalization, and its four biggest banks are now among the top 10 biggest globally.
During the recent reporting season, China’s Big Four banks, which apart from ICBC, are Bank of China, China Construction Bank and Agricultural Bank of China, revealed some 4.7 trillion yuan (580 billion euros, $758 billion) of overseas assets.
Read more >
In absolute numbers, China probably has more beautiful women than any other country in the world. But one could never tell that by looking at the squeaky-clean glass display windows in upscale stores in this capital city or in Shanghai, whose architecture has been often compared to London, Paris and Rio.
The classic image of beauty in those stores and elsewhere across China are modeled after the American and European standard of beauty—White, blue-eyed and blond.
That’s remarkable in a country that has long considered itself the center of the universe.
Read more >
Martin Jacques, author of When China Rules the World, said China is expected to face enormous challenges and the world will be more profoundly affected during the next phase ofthe country’s development.
“China is still little more than halfway through the process of modernization, and the country’s economy was too small to have much of an impact outside its own frontiers for most of the first phase,” he said at the 5th World Forum on China Studies in Shanghai.
In the next twenty years, China’s global impact will be more fundamental and extensive, and both the West and China need to be prepared for the changing scenario ahead.
Read more >
The 5th World Forum on China Studies, themed “China’s Modernization: Road and Prospect,” came to a close at the Shanghai Exhibition Center on the late afternoon of March 24.
Martin Jacques, visiting senior fellow at IDEAS, London School of Economics and Political Science, delivered his keynote speech at the ceremony, entitled “China’s Modernization and its Transformation of the World.” He is renowned for his influential book “When China Rules the World.” He clarified his viewpoint that China will undergo a profound transformation and complete its modernization drive over the next two decades.
Read more >
China is not only transforming itself but also the world in the process of modernization, which requires the Chinese to have cosmopolitan outlook to embrace global impacts, Martin Jacques said on Sunday.
Martin Jacques, the author of When China Rules the World, and visiting senior fellow at IDEAS of London School of Economics and Political Science, made the remarks during a joint media interview at the 5th World Forum on Chinese Studies.
Martin is confident that China will become the most influential and powerful country in the world, not just economically but politically and culturally, despite it will take a long way to go.
Read more >
CHINA’S profound engagement with the world will over time engender a “global mentality” in its citizens and make its peaceful rise more acceptable to a sometimes skeptical world, an acclaimed British author and scholar said yesterday.
Martin Jacques, author of the best-seller “When China Rules the World,” attended the Fifth World Forum on China Studies in Shanghai that ended yesterday.
The time since Deng Xiaoping’s reform and opening up policy has been the most open period in Chinese history, said Jacques.
Read more >
Martin Jacques, author of the best-selling “When China Rules the World,” saidChina’s rise in becoming a global power may not tread the old and disputed paths of theUnited States and Britain.
In an interview during the 5th World Forum on China Studies that closed on Sunday, Jacquessaid as the world inquires about China’s path toward global power, he believes its style willdiffer from that of Britain and the United States.
“Historically, the expansion and influence of Britain and America were largely military andpolitical; in the case of China, it would be economic and cultural,” said Jacques, who is also acolumnist and visiting fellow at London School of Economics and Political Science.
Read more >
