December 29, 2016

"China is ascending to a role of substantial global leadership that will be critical to the future of an uncertain international system in transition.

China's accumulating role reflects its remarkable rise - from an economy of $200 billion in 1980 to one of $11-plus trillion by 2015. Now, it has the world's second largest economy and second largest military along with its nuclear and Perm Five UNSC status - not to mention $3 trillion in international currency reserves.

No nation has benefited more than China over the past 35 years from the Bretton Wood-based system of open trade and international financial cooperation, despite its fears of containment. And now, China is becoming a steward of that system upon which Xi Jinping is putting China's stamp. Xi has demonstrated he clearly understands that the provision of public goods - with the mutual benefit to the wellbeing of China and the world's - as the US has done since 1946 - is key to fostering a mandate to lead."

Read more:

http://www.globaltimes.cn/content/1026328.shtml

NISCSS does not necessarily share in or endorse the opinions of off-site commentators.