Minxin Pei: Why China Won’t Rule the World
Minxin Pei, Tom and Margot Pritzker ’72 professor of government at Claremont McKenna College, doubts the experts who have called this the Chinese century. From Newsweek:
Conventional wisdom can be devilishly hard to dispute. For example, most pundits agree that the Great Recession helped China more than any other state. At first glance, this claim seems obviously true. Unlike the United States and the other major Western powers, which saw their economies plummet and their financial institutions come close to ruin, the Chinese economy has kept on growing. Chinese financial institutions, considered technically insolvent only a few years ago, now boast balance sheets and market capitalizations that Western banks can only dream of. With its economy expected to grow at 9 percent in 2010, China will soon surpass Japan as the world’s second-largest economy (measured in U.S. dollars). Pundits like Martin Jacques, a veteran British journalist, are predicting that China will soon rule the world—figuratively, if not literally.
Yet before declaring this the Chinese century, you might want to take another look at what’s actually taken place in the country over the past year.
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POSTED COMMENTS: 3 Responses
Have been proving wrong for so many times, these professional China hater instead of licking their wound and run behind their tail, engaged even in more wishfull thinking and delusion.
Of course Chinese goverment always worry Don’t they ever heard that”only the paranoid survive and complacency and arrogant lead to ruin” We know who this appelation should applied to
have been proven wrong sorry
You could add a long list of items to the list Minxin Pei gave as to why China won’t rule the world, but at the top of the list is the CCP. Nobody trusts them, and nobody ever will. I think most people trust in the goodwill and intentions of the Chinese people, but the CCP has a history that doesn’t lie, though it does on all the time. It’s like the Bush administration was permanently ensconced in the Whitehouse.