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Financial Times: How China should rule the world


Financial Times - “Reform and opening up” has been China’s mantra for more than three decades. The result has been not only the emergence of a new economic superpower but of one highly integrated into the world economy. A big question, then, is how China should use its influence. It is one I addressed in a speech at this year’s China Development Forum in Beijing. My argument was that China has achieved greatness and now has responsibility for the global system thrust upon it.



Financial Times: How China should rule the world
This colossus is now the world’s largest exporter and second largest importer (after the US), unless the European Union is treated as a single unit. It has the world’s largest trade and current account surpluses and owns a third of world currency reserves. Its flow of savings is the world’s biggest. It is the largest importer of many commodities and the price-setter for many products. China’s influence is, in short, both pervasive and growing. Yet it is also a developing country ruled by the Communist party. This is an unprecedented combination...


More :
www.ft.com/cms/s/0/9ba6d850-54c2-11e0-b1ed-00144feab49a.html

By Martin Wolf
Published: March 22 2011

Vendredi 25 Mars 2011
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