China is the only major economy that shows solid positive growth and left standing after the coronavirus pandemic shook the global trade and major economies.
Will the 21st century be the Chinese century?
“China’s rise to global power in the 21st century is attributable to several factors, but perhaps the most important is that China for the past decade or more has been the world’s greatest ‘Going Concern’.” According to The Diplomat. It was best described by British geopolitical theorist Sir Halford Mackinder in 1919 in his book” Democratic Ideals and Reality”.
Rise of China:
Gerald Celente (publisher of The Trends Journal) in the latest episode of RT’s Keiser report said, “China is the top trend of this year. It is also projected to dominate the whole 21st century, like the US did after World War ll, and is on the path to replace America”. According to RT news.
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“The 20th century was the American Century, the 21st century is going to be the Chinese century”, Gerald Celente said. Noting Washington is more concerned about waging wars, while China is focused on its business.
Celente further said that the US now resembles the British after the 1st World War, when the dollar became dominated and took the place of the British pound. “I could see in the years ahead the yuan being the major currency of the world, and the dollar becoming the pound, getting pounded down”.
China, since its economic reforms and a great leap forward, has made impressive progress. It lifts more than 90% of the population from the poverty level. It became the world’s great economic giant after the USA. And soon it will take the place of the USA in terms of its economy.
China starts some of the great economic projects. One of those projects is the One Belt One Road (OBOR) Initiative.
OBOR, What is China’s belt and road?
It is a global infrastructure development strategy adopted by the Chinese government in 2013. It includes investment in nearly 70 countries and international organizations. The cost of the Belt and Road Initiative is estimated to be around $1 trillion.
CPEC, what is CPEC and its benefits?
China Pakistan Economic Corridor (CPEC) is the collection of several infrastructure projects, under construction in Pakistan since 2013. The cost of CPEC is estimated at around $47 billion. CPEC helps Pakistan to strengthen its economy by the construction of modern transportation systems including motorways, railways, and special economic zones (SEZ).
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The economy of China will overtake the economy of the United States as the largest national economy in the world.
The ‘Chinese Century’ is well underway, citing China’s overtaking of the US economy in 2013, on purchasing-power-parity bases. According to the Economist.
Yes, it is true China is really on its way to the world’s largest economy. China is more serious about its business rather than waging wars and starting proxies like the USA. The 21st century is really going to be the Chinese century.