From The Guardian:

The past two or three years have marked a new moment in the global perception of China. There is suddenly a new awareness that encompasses both a recognition of China’s economic transformation and an understanding that, because of its huge size and cohesive character, it will have a profound impact on the rest of the world, albeit in ways still only dimly understood. Until recently, China’s economic rise always seemed to be qualified by the rider that something was likely to go amiss – a rider that is now rarely heard. China has arrived and will increasingly shape our future, not just its own.