hegemon
China is preparing to surpass the United States as the world’s largest economy, in purchasing power parity terms. Already its economy is 80% the size of ours, and if current growth rate differentials persist, it will take China only about four more years to surpass us. At market exchange rates, China’s GDP is smaller, and is expected to remain less than ours until 2028. This is hardly surprising.
We know India’s military prowess but ignore its soft power: India has hosted the Asian Games twice, the 2010 Commonwealth Games and the Cricket World Cup in 2011 along with Bangladesh and Sri Lanka. Bollywood is the world’s largest film industry and in 2009 alone produced 2,961 films.
Beijing's strategic plan to dominate Vietnam, the intellectuals assert, is already well-advanced, to the point that the economy is virtually under Chinese control and Chinese ‘soft power' has corrupted the nation's political life.