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Jakarta Post

Insight: The other face of China

  • Juwono Sudarsono

Jakarta   /   Tue, September 25 2012   /  09:28 am

Books about contemporary China can be divided into two schools. By far, the most numerous belong to the first, which largely praises China’s rapid and impressive macroeconomic growth since the early 1990s. These groups of academics, businessmen and journalists believe that China’s rise as an economic power will surpass the United States, making them “the world’s largest economy” by 2030. They project that China will not only become the premier economic power, but also become the preeminent military and political power that overwhelmingly determines the terms and conditions of the new world system, replacing the United States in the military, financial and monetary power index to the point of dominating the commanding heights of world influence.

Political and economic analysts vie with fund managers, public relations specialists, economic and business forums , futurists ...