Commentary: Will China have the last laugh? – William Pesek Jr.

From the International Herald Tribune:

Ask citizens of Moscow or St. Petersburg if China will soon rule the world and you’ll get a roll of the eyes and some variation of: “Well, isn’t that what the Soviet Union was supposed to do? Look at us today.”

Now superimpose those sentiments over President George W. Bush’s recent visit to Kyoto, Japan. There, as Bush was en route to South Korea for the summit meeting of the Asia-Pacific Economic Cooperation forum last week, he reminded the world not to take Japan for granted when predicting Asia’s future. It was a good point.

What’s disturbing is that leaders of the biggest economies are fretting over China’s strengths, not its vulnerabilities.

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