Tuesday, May 13, 2008
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It's not like the Year of the Boar was all that great either
In the wake of a deadly Chinese earthquake, The Associated Press reports that China has not had a great few months:
China hoped 2008 would be a yearlong celebration, a time to bask in the spotlight of the upcoming Beijing Olympics. Instead, the Year of the Rat has also brought a wave of troubles -- both natural and man-made -- that are putting a heavy strain on the communist leadership....Two thoughts on this.
First, it's worth pointing out that China didn't have a great 2007 either. A rash of health and safety scares affected China's brand image. Beijing began to experience signficant blowback from its investment footprint in Africa. The Saffron Revolution in Burma made things very uncomfortable for Beijing as well. So this isn't just about 2008.
Second, none of these PR reversals is inconsistent with China's continued rise. It's worth remembering that, during the latter half of the nineteenth century, the United States became the economic hegemon at the same time it was recovering from Reconstruction and enduring a twenty-year recession/depression.posted by Dan on 05.13.08 at 01:32 PM
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