Center for Strategic Assessment and forecasts

Autonomous non-profit organization

Home / Politics and Geopolitics / China and its role in the new world order / Articles
2017 — the year of approval of China in the role of a superpower
Material posted: Publication date: 26-12-2017
China, whether we like it or not, continues to grow at a heightened pace. Not 12%, 15 years ago, but somewhere in the range of six and a half to seven percent given a base of 13 trillion dollars.

According to the IMF, which sometimes counts the GDP of countries, guided by the purchasing power parity, China is already the largest economy in the world, and this means that international economic relations have undergone a drastic restructuring, comparable only to that of the year 1871, when the US has overtaken the UK.

The curtain 2017 we can state another fact: the United States is no longer an economic hegemon. They still play a leading role, but in the back of them breathes China. There are people who joke that to replace BRICS came, "TO BRIS".

The Chinese are extremely concerned that the undisputed glory of a superpower has turned his head. They are not characterized by vanity, in addition, they do not seek to impose its leadership, for example, those institutions that have been created by the BRICS countries.

They do it very delicately. Take the New development Bank (NBD) and a number of other institutions in which the main actor is China, such as the Asian infrastructure investment Bank.

To explain this type of behavior partly helps the famous phrase of Deng Xiaoping, the great architect of this new stage, uttered 40 years ago: "the ability to Hide and to wait for his time, to cherish the time, never to seek hegemony".

In other words, the Chinese are building a long-term strategy, according to which the growth of their influence must be considered as a natural rather than imposed phenomenon. They often prefer to act as a developing country, for example, in the UN, joining the agenda of Africans or poorer Asian countries.

The more countries are institutionally connected with the processes in many or diverse institutions, where much of the Chinese leadership, the better for Beijing. This is particularly interesting in the case of NBD, since it gives China a huge opportunity without imposing at the same time geographical limitations, with which is associated the Asian infrastructure investment Bank.

If investments are only in Asia, the New development Bank could invest in projects in Latin America, Africa and on other continents, that gives the Chinese not only more space for maneuver, but also a certain degree of indirection, which they appreciate in their culture, and foreign policy.

What kind of relationship this Asian superpower intends to build with Brazil? Most likely it would be to note that bilateral economic relations today continue its movement by inertia.

From a commercial point of view, they are very similar to those that Latin American countries support England in the nineteenth century. That is, on the one hand, large exporters of raw materials and exporting industrial goods with higher added value.

It will continue to be. China is very concerned about issues of food security, the implementation of infrastructure projects requires each time more minerals.

What exactly is beyond the scope of inertia is a noticeable increase in Chinese investment in Brazil, especially in the form of acquisition of ownership, so-called "mergers and acquisitions".

For those Chinese companies that in recent years intended to get on the world stage, now is the time to act. And the Chinese will not fail to join this dynamic privatizations and concessions especially after the elections of 2018, when they will clear political scenario in the country in the coming years.

In Brazil they are ready at any time to increase investment in a number of areas, today the Chinese have carefully examined almost all the infrastructure segment.

In the field of global geopolitics, the construction of XI Jinping to the rank of the Holy leader, which was registered in China in 2017, it would be reasonable to associate with the coming to power of Donald trump.

Even if the victory was won by Hillary Clinton, everyone would have to recognize that China has established itself as one of the two largest world powers — and the power of the Chinese authorities is palpable in many areas of international relations.

China has significantly strengthened its role as a source of capital and foreign loans. Beijing is also expanding its investment in defence 12 per cent a year.

This all happens regardless of who is in power in the United States. However, the fact that the White house came from the President, preferring protectionism globalization emphasizes the rise of China.

While globalization has become a great springboard, to ensure China's meteoric rise, and presumably free trade is the best way to resolve international problems, the United States today is clearly swimming against the tide. In this context, the fading of American hegemony 2017 has become a defining milestone for China, which took its place among those, who commands the world.

Marcos Prado Troyjo (Marcos Troyjo)


Tags: economy , China

RELATED MATERIALS: Politics and Geopolitics