Watch Out for China

It may still call itself communist, but its economy looks more and more capitalist

It was called the Middle Kingdom, a self-absorbed and xenophobic empire. Its massive indifference to the outside world remained in place for millenniums, through dynasties and revolutions. Until, suddenly, the communists in Beijing cast aside their Marxist zeal and set their country on the road to capitalism. Only 15 years later, China -- with a fifth of the globe's population -- is a candidate superpower, more involved in international life than ever before in its history. The impact of its emergence is so profound that scholars are predicting relations between China and the U.S. will shape the world in the 21st...

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