August 30, 2015

"Foreign Policy magazine published on Wednesday an article by David Schlesinger, former editor-in-chief of Reuters, in which he declared 'we're just coming off a period when it was, by near unanimous acclimation, China's century.' When China hosted the 2008 Olympic Games in Beijing, some Western media outlets claimed 2008 was the start of a Chinese century. According to this, the Chinese Century includes the short period of seven years when China went from being the world's third biggest economy to the second biggest.

In recent days, rabble-rousers have been hyping the grim prospects of the Chinese economy in the Western media. Chinese American scholar Minxin Pei even said the collapse of the Chinese economy will help alleviate the South China Sea disputes, for a China facing economic downward pressure won't continue acting aggressively."

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