CW.026.VIKING BOER – CHINA WATCH – RISE OF AN ASIAN GIANT

[VIKING BOER]

CW.026.VIKING BOER – CHINA WATCH – RISE OF AN ASIAN GIANT

China – Rise of an Asian Giant

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China has come a long way since the establishment of the Peoples Republic of China (PRC) in 1949. From a poor agrarian society, it has now emerged as an industrial powerhouse, contributing nearly 30 percent of the world’s economic growth.
It has even overtaken Japan as the world’s second-largest economy and lifted 800 million people out of poverty within just a single generation.

But 70 years on, the Communist Party of China under the leadership of its strongman President Xi Jinping is facing the greatest test of its leadership.
The continuing social unrest in Hong Kong, a slowing economy, and the escalating trade war with the United States are threatening its undermine his China dream.
Can the tremendous progress that China has achieved so far simply falter from now on?
Or will China continue to prevail as a force to be reckoned with in spite of all these challenges 70 years after its birth?
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