05 October 2019


Seventy years after Mao Zedong declared in front of Tiananmen Square that China had stood up, China has risen to challenge the declining superpower that is the United States.  In fact, in many areas of economic life, China has overtaken the USA.  For example, the Chinese Republic is much better at building big infrastructural projects than America.  Its application of IT and wireless technology leaves America envious.  Its gross domestic product (GDP) in purchasing parity terms exceeded that of the US in October 2014.  And in less than five years, China's dollar-based GDP will overtake that of America.

So, by the time the People's Republic marks its 100th founding, it will have completely displaced the US as the supreme power in the world.  And rightfully so because its people and leaders are smart, diligent, and strategic.