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12/23/07

NewsWeek: The Rise of a Fierce Yet Fragile Superpower - by Fareed Zakaria

For the complete report from Newsweek.com click on this link

The Rise of a Fierce Yet Fragile Superpower - by Fareed Zakaria

For Americans, 2008 is an important election year. But for much of the world, it is likely to be seen as the year that China moved to center stage, with the Olympics serving as the country's long-awaited coming-out party. The much-heralded advent of China as a global power is no longer a forecast but a reality. On issue after issue, China has become the second most important country on the planet. Consider what's happened already this past year. In 2007 China contributed more to global growth than the United States, the first time another country had done so since at least the 1930s. It also became the world's largest consumer, eclipsing the United States in four of the five basic food, energy and industrial commodities. And a few months ago China surpassed the United States to become the world's leading emitter of CO2. Whether it's trade, global warming, Darfur or North Korea, China has become the new x factor, without which no durable solution is possible.

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