China’s Role in a World of Epochal Changes

Abstract

Fundamental changes are taking place both within national borders and on the international stage. While technological advances are accelerating globalization, which brings all the nations closer together, the resurgence of populism, protectionism and nationalism is causing greater divisions along racial, ethnic, and national lines. The spectacular rise of China and the growing weight of developing nations as a whole are changing the world’s geopolitical and geoeconomic landscapes, constraining the West’s influence in global affairs and strengthening the developing world’s capacity in bargaining with advanced economies. In a new era of growing uncertainty and unpredictability, leadership and vision are the most valuable assets for any great power that seeks to shape a new world order according to its grand blueprints. From the Chinese perspective, an era of uncertainty does not only imply hidden risks and threats, but may also bring forth unprecedented strategic opportunities. Standing on the threshold of a new era with ever more readiness to claim its rightful place in the world, China is in the best position since the beginning of its modern history to play a significant role in fostering a new, truly multilateral order.