WILL THE FINANCIAL CRISIS WILL THE FINANCIAL CRISIS MAKE CHINA A SUPERPOWER ? THE AUTHOR WRITES ABOUT CHINA’S RISING ECONOMIC POWER, WHICH HAS LED TO THE STEADY INCREASE IN ITS MILITARY EXPENDITURE, WITH DOUBLE-DIGIT ANNUAL GROWTH. IT IS BUILDING IT
WILL THE FINANCIAL CRISIS WILL THE FINANCIAL CRISIS MAKE CHINA A SUPERPOWER ? THE AUTHOR WRITES ABOUT CHINA’S RISING ECONOMIC POWER, WHICH HAS LED TO THE STEADY INCREASE IN ITS MILITARY EXPENDITURE, WITH DOUBLE-DIGIT ANNUAL GROWTH. IT IS BUILDING IT

Summary/Abstract: The author writes about China’s rising economic power, which has led to the steady increase in its military expenditure, with double-digit annual growth. It is building its military force into one that can defend, in particular, its air and sea territory. However, he points out that China will also need to address lagging political and social reform in order to build up a comprehensive welfare system, which offers its people reasonable social security. In the author’s opinion, the problem of sustainable development in the long run will remain a challenge for the Chinese government. To conclude, he highlights the fact that China has neither the ambition nor the capability to challenge the leadership of the United States. Compared with the superpower of the US, China is only a regional power. Both the cost and risk are too high for Beijing to commit itself to so many international issues as the US, from Iraq to Afghanistan, from Iran to North Korea.

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