Editor’s note: One of the first articles ever to appear on Truthdig was a dig led by Orville Schell, who asked the question “China: Boom or Boomerang?” Years later, with China’s economy continuing to thrive amidst a global economic meltdown, the answer seems obvious. But a boom to what end? China’s rise is well documented, yet it remains one of the most misunderstood countries in the world.

China will soon become “the most powerful and influential country in the world,” says celebrated journalist Martin Jacques. It is predicted that by 2050, China’s economy will be twice that of the United States. What will Beijing do with all that power and influence?

Robert Scheer:  Hi, I’m Robert Scheer, the editor of Truthdig.com, and as part of our commitment to dealing with books—our book review section, our interviews with authors—we think that books represent a vibrant source of information, the old media is still very relevant in the new-media world. And it’s actually a pleasure to talk about a book that in a very exciting way deals with a very important and complex subject: “When China Rules the World” by Martin Jacques, who is a well-known writer, and particularly in England, where he writes for the Guardian newspaper and has covered international affairs.

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Possibly the most fashionable theme in current discussions of the future is whether China will replace the United States as the leading world power. That it will do so seems to be taken for granted in pop-historical circles, as well as among economic forecasters or futurists (who currently have a record that does not inspire confidence). A Goldman Sachs analysis declares that China will replace the United States as the largest economy in the world by 2027. But the largest economy is not automatically the leading nation. And ruling the world is more of a problem than one thinks, as Washington is discovering.

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