Author of When China Rules the World says he’s been vindicated
Martin Jacques says China doom-mongers were typically dismissive when he argued the former Middle Kingdom would have a central role in shaping the 21st century.
In his book, When China Rules the World, which some regard as a potential classic, he forecast China would become the world’s largest economy by 2027, albeit using Goldman Sachs data, and that we were all going to be living in a more Sinocentric world.
His critics said the more likely scenario was that China was going to succumb to a crisis that completely knocks it off track.
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Unlike many others, Economist George Magnus is not optimistic about China’s outlook.
George Magnus has the distinction – unlike many economic commentators – of being right, at least once.
Like Nouriel Roubini of “Dr Doom” fame, the 62-year-old senior economic adviser at Swiss bank UBS predicted the financial crisis.
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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.
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