By the time the ongoing international economic crisis runs its course, it will have wrought significant changes in the global geopolitical landscape. While the US's strength or power projection capability will not have diminished and the country will continue to be a predominant world power, other centres of power and influence would have emerged. China will be one of these new centres. Unless the Chinese Communist Party's monopoly on power collapses, China will in all likelihood emerge wealthier and stronger. This will have serious implications for India and the region.

The global crisis has not left China unscathed. President Hu Jintao and premier Wen Jiabao, however, appear confident that their move in October 2005 to replace the policy of allowing 'some people to get rich first' with 'common prosperity' will pay off. Investments have since been channelled into schemes with long-term benefits such as rural health care, medical insurance and social security, targeted at the countryside where 70 per cent of China's population resides.

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Posted by boyang at March 24, 2009 8:24 AM