China’s reemergence as a major power doesn’t challenge U.S.

BEIJING (Caixin Online) — In a long-term view, the rise of China is to be welcomed, but today China remains what the journalist Martin Wolf calls a “premature superpower.”

China’s current reputation for power benefits from projections about the future. In one poll, 44% of respondents mistakenly thought that China already had the world’s largest economy, compared to 27% who accurately picked the United States (which is three times larger). Martin Jacques even entitled his recent book “When China Rules the World: The End of the Western World and the Birth of a New Global Order.”

Read more >