China cements position as economic power

The intensity and velocity with which the world became submerged in a steep economic crisis took all the nations of our globe by surprise. China initially suffered intensely, seeing the closure of tens of thousands of its, mostly labor intensive, industries.

However, the prompt reaction by the Chinese government and those of other countries in providing huge stimulus packages has seemingly abbreviated and averted the worst of what was being forecast.

The post-crisis China is a different China and its position in the world order of economic strength and of respect has changed.