Americans and Europeans blithely assume that China will become more like them as its economy develops and its population gets richer.

But with China s leaders now focusing squarely on aligning the vast population s behavioral norms with the next phase of transformation, the case for a consumer led China has become more compelling than ever.

WASHINGTON, DC As China s clout in global affairs grows, the world is watching more closely than ever to see what kind of great power it will become.

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Otherwise, relations between China and Latin America will be far from harmonious, even as their significance continues to grow.

In that case, China would no longer be a net buyer of foreign bonds and other assets.

This is where democratic India and South Africa have the upper hand over China or Russia.

It may be difficult for China to ever match the success of a small Asian country like Singapore, which has already overtaken the US in terms of GDP per capita as measured by purchasing power parity.

With the right balance of vision and caution, China s leaders can tackle the buildup of fiscal and financial risk.

As always, proof will come only with implementation. But with China s leaders now focusing squarely on aligning the vast population s behavioral norms with the next phase of transformation, the case for a consumer led China has become more compelling than ever.

China, on the other hand, is set to become more dependent on Middle Eastern output.

America is taking risks with the rule of law, but China has a long way to go before it becomes a country ruled by law.

India will thus become the new China of the past two decades.

Last but not least, China should become a proactive stakeholder in the global economy.

As that reality sinks in, economic prospects darken.

That honor would likely fall to China, which would become increasingly dependent on the Middle East.

If they fail to act decisively, China s leadership of the future global economy will hang in the balance.

However, colour did not become a popular feature until the late 1950s.

They will be less vulnerable to political pressure from local governments to finance development projects.

It matters greatly that China became a global military player before it became a global economic player.

A confrontational US approach toward China, moreover, would imply an additional destabilizing factor Japan might become much bolder than necessary in its foreign policy.

A Long March with China

America s Trouble with China

That Japan s dignity is now a central issue should surprise no one. For this is a moment when Japan must chart its course either decline or dignity as a state (kokka) in relation to its giant neighbor, China.

This deceleration was inevitable as China advanced from extreme poverty and technological backwardness to become a middle income economy powered by external trade and consumer spending. It was also desirable, because rapid growth was hitting environmental limits.

China s leaders have demonstrated their lack of interest in active global leadership by openly rejecting calls to become a responsible stakeholder in the international political and economic systems.

It would become part of the German Empire with the unification of German states in 1871.

The big question then will be Is China as geopolitically competent as number one as it was when it was number two?

Meanwhile, the expansion of China s middle class is having a major impact on consumption. Last year, China surpassed Japan to become the second largest consumer market in the world, after the US.

Nowadays, China has its own animal rights campaigners, and there are signs that their message is beginning to be heard.

When completed, the pipeline will make China much less susceptible to foreign military pressure in the event of international conflict.

First, China needs capital controls to retain monetary policy independence until it is ready to adopt a floating exchange rate regime.

This is an opportunity. Not just this, but connected to the ideas that are here, to bring more coherence to them.

We cannot predict the shape that the world economy will take just from observing that China and its interests will loom larger.

And the anachronistic 1920 Jones Act requires cargo carried between US ports to be shipped only on American ships (recall the confusion about the possibility of foreign ships coming to help during the BP Gulf oil spill).

The crisis is not yet forgotten, but the window is closing.

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Managing China s Crisis Management

China Historically, Korea has had close relations with China.

YALTA Given its rapid and successful development, there can be no doubt that the People s Republic of China will become one of the dominant global powers of the twenty first century.

As China s reliance on Middle East energy resources grows 90 of the region s oil exports will go to Asia by 2035 the need to deepen engagement with oil producing states will become more acute.

SINGAPORE In 2016, China s share of the global economy will be larger than America s in purchasing price parity terms.

China s economy may be decelerating, but its prospects remain strong. Its GDP may have reached 10 trillion in 2014.

Chinese leaders pride themselves on a keen sense of history, and on taking a long term view of China s development.

Current political issues The dominant political issue in Taiwan is its relationship with the PRC.