Helen Wang

2008: The Year of China

You are right, Semuren. I should say "Since the cold war..." Mistake on my part. I was referring to Zakaria's article, in which he uses the term as an economic power rather than military power. So, I wasn't thinking about the Soviet Union.

2008: The Year of China

There are two more things that happened to China in 2007, which Zakaria didn't quote but I think are phenomenal: 1) China had the biggest IPO (Alibaba's) that beat Google's; 2) Shanghai Stock Exchange exceeded New York for the first time in terms of volumes. I think the real fear is the United States to slow down, not China to speed up.