This book focuses on the systematic change in the global economy
accompanying the rise of China. Once China has the same huge and
advanced economy as the U.S., the global economy's current
one-center system will have a chance to change: China will
represent an alternative center. If it can satisfy essential
criteria for the global economy such as a stable foreign exchange
system, healthy international trade environment and strong support
for economic development etc., China will be able to offer a viable
alternative. In this constellation the two centers of the global
economy and financial system, the U.S. and China, would ideally
cooperate, and the global economy could benefit from having two
economic and financial centers.
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