The 90-year-old emperor of the 21st century will have to choose between the prosperity of Asia or discord and tension in the region.
The red wave that blanketed all of China is subsiding. Nationwide celebrations for the 90th birthday of the Communist Party of China concluded with a ceremony at the Great Hall of the People in Beijing on July 1.
In the 90 years since the Communist Party seized control of China, the country has become the second-largest economy in the world. The decisions that the Communist Party of China makes now determine the fate of the world. That is why it is important for us to ask: “What is the Communist Party of China?” and “What does it mean to the country and the rest of the world?”
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Without inner harmony, the world will see ‘Pax Sinica’ only as a symbol for an angry dragon rather than a gentle panda
It’s never easy to predict the future. There are so many variables that are beyond a man’s foresight. A “black swan” that is out of the norm can pop up anywhere, anytime. And yet, only a few people object to the forecast that the 21st century will be the era of China. Those who were buoyed by the neo-imperialistic fantasy of “Pax Americana” said the 21st century would be the era of the United States, but their voices were buried under the sandstorms of Iraq and the collapse of Wall Street. “Pax Sinica” is not a matter of supposition: It has become recognized as a matter of time.
Goldman Sachs’ 2007 forecast is often quoted in talks about the China’s economic future. According to the report, China will catch up with the United States’ gross domestic product by 2027 and become the world’s largest economy. By 2050, China’s GDP is expected to be two times larger than that of the United States.
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