

Today more than ever, Beijing seems unstoppable. While the United States is trying to fight a massive economic contraction and to restore its image, China is growing and extending its influence. At the Boao Forum (Beijing’s answer to Davos), Chinese speakers derided Washington for its financial mismanagement, called for the establishment of a new reserve currency and demanded more influence in the global economy. A few days later, Beijing showed off two nuclear subs and vowed that its blue-water force would soon project power into the Pacific and beyond. Journalist Martin Jacques recently wrote in The Guardian that “China has reached a point where it is now clearly prepared—to assume a more active global role.”
Newsweek, 25 May 2009, pg. 13