Prøve GULL - Gratis
China's Pole-To-Pole Ambitions
Bloomberg Businessweek Middle East
|September 16, 2018
The country says it’s no superpower, but it’s starting to behave like one

One of the things Wang Wen remembers best about his trip to Antarctica, besides the brutality of the December cold, is the sight of the American flag fluttering by the sign that marks the geographic South Pole. Wang, who’s executive dean of Chongyang Institute for Financial Studies at Renmin University of China in Beijing, had traveled to the end of the Earth on a reconnaissance mission. He left awed by the sheer size of the American presence in a region so inhospitable to humans and so rich in resource potential. While China announced plans last year to build its fifth Antarctic research station, its footprint on the frozen continent is comparatively small. On his return, Wang penned a newspaper article that asked: “Should we contemporary Chinese be ashamed?”
For the first time in its long history, China has in President Xi Jinping a leader with a truly global vision. So, inevitably, Beijing looks to the U.S., the sole superpower, for a yardstick as to what that requires—be it a blue-water navy or more bases in Antarctica.
Yet Communist Party leaders also recoil at being seen as the next global hegemon and are reluctant to shoulder the expense that goes with it. They studiously avoid the word “superpower” and see the American version of it as ideologically unacceptable and spent.
Whether China does become a superpower and whether it could sustain the costs involved are questions that will have an impact on the world for decades. They will shape terms of trade, a changing global order, and issues of war and peace. “We don’t know,” Wang says over dinner a few floors below his institute, when asked what Chinese great power will look like. “Anything but America.”
Denne historien er fra September 16, 2018-utgaven av Bloomberg Businessweek Middle East.
Abonner på Magzter GOLD for å få tilgang til tusenvis av kuraterte premiumhistorier og over 9000 magasiner og aviser.
Allerede abonnent? Logg på
FLERE HISTORIER FRA Bloomberg Businessweek Middle East

Bloomberg Businessweek Middle East
Golfing With The Enemy
Did Donald Trump's executives violate the Cuban embargo?
12 mins
August 16, 2016

Bloomberg Businessweek Middle East
Super-Rich Syrians Wait for War's End
Actor, author, playwright. Gill Pringle tries her hand at unravelling the mystery behind this enigmatic multi-hyphenate
11 mins
July 01, 2016

Bloomberg Businessweek Middle East
Pam Codispoti
The mastermind behind the industry-shaping Chase Sapphire Reserve Card sets her sights on banking
2 mins
January 16, 2018

Bloomberg Businessweek Middle East
This Time It's The Economy
President Rouhani’s budget sets offprotests from people angry about unemployment and inflation
5 mins
January 16, 2018

Bloomberg Businessweek Middle East
Saudi Prince Counts On Support Of Citizens
State-worker salary increases appeal to the people, but policy may throw the budget off track
3 mins
January 16, 2018

Bloomberg Businessweek Middle East
Stalin's Legacy Is Choking The Ukrainian Economy
The government has resisted pressure to lift a ban on land sales, despite pressure from the IMF and investors
4 mins
January 16, 2018

Bloomberg Businessweek Middle East
Catastrophe Bonds Survive A Stormy Year
The turbulence of 2017 couldn’t destroy a market for betting against disasters
3 mins
January 16, 2018

Bloomberg Businessweek Middle East
Riding The West Bank's Credit Boom
Increased consumer lending is creating a bubble in the West Bank
3 mins
January 16, 2018

Bloomberg Businessweek Middle East
You'd Be Crazy To Buy Pizza With Bitcoin
Speculative fervour makes the cryptocurrency clumsy for commerce
3 mins
January 16, 2018

Bloomberg Businessweek Middle East
What If The President Loses His Party?
Trump has to figure out a way to work with Republicans in Congress, or the global economy may be at stake
6 mins
August 16, 2017
Translate
Change font size