By Angang Hu
The quick velocity and grand scale of China's upward push have produced a heady mix of ask yourself and consternation within the West. Is China on target to turn into a superpower? What could that suggest for the remainder of the realm? Economist Hu Angang ways those questions via research of 3 significant dimensions of China's upward push: its total monetary and social improvement; advances in schooling, technological know-how, and know-how (including replacement energy); and the most probably problems posed via source shortage, environmental degradation, and weather swap. After 3 many years of extraordinary monetary progress, China is now domestic to the world's second-largest financial system. it's the world's greatest exporter and its second-largest customer of power (as good as #1 in carbon emissions). Extrapolating from those seismic adjustments, Hu forecasts that via 2020 China turns into a "mature, liable, and tasty superpower" that may give a contribution, along the eu Union, to the "end of the unipolar period ruled by way of the United States." China in 2020 offers a local chinese language standpoint at the demanding situations and possibilities that Beijing will face as its worldwide footprint expands. via a meticulous exam of China's improvement trajectory, Hu Angang explains how his nation—as the world's greatest rising market—will influence worldwide financial development, overseas direct funding flows, strength intake, and carbon dioxide emissions. He proposes a entire strategic framework to steer the subsequent degree of China's upward thrust, looking to maximize the country's optimistic influence at the global and reduce the detrimental externalities of its meteoric improvement.
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Additional info for China in 2020: A New Type of Superpower (Thornton Center Chinese Thinkers)
Over time the proportion of the total workforce employed in the nonagricultural sector comes to exceed 50 percent, along with a growth in the proportion of the population residing in urban areas. Profound changes occur in the country’s social development, and a new pattern of opening up to the outside world takes shape, integrating China ever more closely with the global economy. In this stage China steps into a new era marked by historically significant economic and social transitions. This high-speed-growth stage allows China’s economic takeoff and is the crucial backdrop for the overall revival of the Chinese nation.
67 Many critics also believe that business special interest groups have become too powerful. 68 The power of this corporate interest group explains why it took thirteen years for China to pass an antimonopoly law, why the macroeconomic control policy in the mid-1990s was largely ineffective, and why the widely perceived property bubble in coastal cities has continued to grow. In each of these cases, corporate and industrial interest groups have encroached upon the governmental decisionmaking process, either by creating governmental policy deadlock or by manipulating policies in their own favor.
88 To justify this strategic goal, Liu argues that all of China’s paramount leaders over the last century shared this goal. 89 According to Liu, China’s replacement of the United States as the sole superpower, or what Liu labels the “superpower succession” (guanjun guojia gengti), is not far in the future. He asks Chinese leaders and the public to remember that China should not have any “illusions” about American goodwill regarding “China’s rise” or about peaceful coexistence between the existing superpower and the emerging superpower.
China in 2020: A New Type of Superpower (Thornton Center Chinese Thinkers) by Angang Hu