The Economist March 21st - March 27th 2009

Category: Magazine

Tag: Economics/Business

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The Economist (March 21st - March 27th 2009)
English | PDF | 149 Pages | 4,54 MB

How China sees the world

And how the world should see China:

Over the past quarter-century no country has gained more from globalisation than China. Hundreds of millions of its people have been dragged out of subsistence into the middle class. China has been a grumpy taker in this process. It helped derail the latest round of world trade talks. The G20 meeting offers it a chance to show a change of heart. In particular, it is being asked to bolster the IMF’s resources so that the fund can rescue crisis-hit countries in places like eastern Europe. Some in Beijing would prefer to ignore the IMF, since it might help ex-communist countries that have developed “an anti-China mentality”. Rising above such cavilling and paying up would be a small step in itself. But it would be a sign that the Middle Kingdom has understood what it is to be a great power.

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