2018 marks 40 years since China launched its economic reforms, and opening up that changed its domestic economic structure as well as set it on course to being the global economic giant it is today. Now, China’s significance in the global economy is not in question whether as an industrial producer, as a consumer of raw materials, or as a pioneer in pushing the frontiers of technology and its applications.
What has also been apparent since at least 2012 when Xi Jinping took over as general secretary of the Communist Party of China (CPC), if not earlier, is that China’s economic power is being put to political uses at both the regional and global levels. Somehow, the west, led by the US, appears not to have anticipated that the ‘rise of China’ would bring with it a challenge to not just western economic domination but also to American military might and perhaps, most importantly, to the very idea of democracy and other largely western political values and ideals.
A dynamic foreign policy