China : the Emerging Superpower
China was the world's largest economy until the nineteenth century. But it missed the industrial revolution and it was dominated by the West before closing to the world for over thirty years during the Maoist revolution. Since economic reforms began in 1979 and thanks to the continuity of the state, China aspires to regain its rank as a superpower. China enters an era of great transformation that will shift its development to the depths of its territory. It will build social institutions and infrastructure matching those of the developed world.
China is still a Communist country but it is dissatisfied with its status in the world , the West must be naive to ignore its intentions and ambitions.
"When China awakes, it will shake the world."
- Napoleon Bonaparte
"Once China becomes strong enough to stand alone, it might discard us. A little later it might even turn against us, if its perception of its interests requires it."
- Henry Kissinger
China is more and more the subject of attention amongst investors,and economists of the world . Thanks to the economic reforms that were introduced by Deng Xiaoping in the late seventies have transformed the Chinese economy and produced a period of spectacular growth. China's Gross Domestic Product (GDP) grew at an average rate of 9.3 percent between 1979-1993. The world experienced a growth rate of 2.6 percent for the same period. China's GDP has also quadrupled over a period of only fifteen years.
