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Rising China In Globalized World

China in recent time has been on zenith in every field, challenging the
hegemony of USA and moving the world towards a bipolar world. In this
context, the ‘Great Wall of China’ has been rechristened by Karl Pilkington, an
English television presenter and author, as the ‘All Right Wall of China’
signifying whatever China does cannot be questioned by the world community.
For a holistic understanding of the true picture, the Chinese story can be
analyzed from various perspectives such as economic, international relations,
soft power diplomacy, sociological angle, science and technology. With a
population of 1.3 billion, China recently became the world’s second largest
economy. It contributed 39% to world growth in 2016.
China has become a main engine of the world economy and many developed
countries has also established close economic ties with China, which means that
China’s development was a boon to developing and developed countries alike.
In the India-China relationship, the major irritants other than border disputes
have been, its constant support to Pakistan and its aggressive posturing in the
Indian Ocean. These have been the major areas of discontent which has
hindered in the actualization of 21st century as the ‘Asian Century’.
In WTO talks also, China has played a pivotal role in providing a better deal for
the developing countries. China has been able to provide the world with the
latest and the cheapest articles. However, China has been under fire for reverse
engineering by western nations for stealing their intellectual property.
China has come a long way since its inception. It can be concluded in present
times that we can’t live with China, nor live without it.