China: What Kind of Superpower in 2030?
The year 2030 will be a historic year. China, the second largest economy in terms of GDP, will overtake the US, the uncontested economic juggernaut since 1890. In their heydays, either the Soviet Union, Germany, or Japan came in second, but neither one of them ever came close to dethrone the American powerhouse. That China, a once backward country with 70% of its workforce in agriculture in 1978, will succeed where other nations failed is an impressive feat. China's ascension as an economic superpower carries great significance to the word. The center of world economy will shift from the US and Europe to China and parts of Asia. Many countries depend on importing from and exporting to China. With 30% of the world manufacturing output, China has risen as the world's factory, producing Made in China goods to meet rising global demand. In 2030, will China replace the US as the hegemonic superpower? The answer is a resounding no. Nor will it be a hegemonic superpower in 2050, bu