Sunday, August 09, 2009

As the world struggles to overcome this ongoing economic crisis, China continues to get a lot of attention, or I might say hype, especially over its possible ability to help lead the world economy out of this crisis. It is no exaggeration to say that some have already anointed China as the next superpower, ready to pass the U.S. and take up a leading position in the world equivalent to its historical and cultural standing. Yet as always, it's good to be cautious about China, as these articles from Time magazine show. One asks if China can really "save the world?" while the other reminds people that nothing can be taken for granted about the future.