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China Will Overtake US Economy, however Its Hegemony May Look Different: Former Indian Foreign Secretary

U.S. and Chinese flags are seen earlier than Defense Secretary James Mattis welcomes Chinese Minister of National Defense Gen. Wei Fenghe to the Pentagon in Arlington, Virginia, U.S., November 9, 2018. REUTERS/Yuri Gripas/Files

Former overseas secretary Vijay Gokhale mentioned not like the US, the Chinese are usually not all in favour of policing the world or being culturally dominant however are eager on securing the move of wealth to their very own nation.

  • PTI Pune
  • Last Updated: September 16, 2020, 11:32 PM IST

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China will take over the US to change into the world’s largest financial system inside a decade, however its dominance could not resemble the present US hegemony, former overseas secretary Vijay Gokhale mentioned on Wednesday. Unlike the US, the Chinese are usually not all in favour of policing the world or being culturally dominant however are eager on securing the move of wealth to their very own nation, he mentioned.

Gokhale, a former Indian ambassador to China, was delivering a web-based lecture on `How China Sees the World,organised by Symbiosis International University right here amidthe stand-off in japanese Ladakh. At $14 trillion, China is already the world’s second-largest financial system, he mentioned.






“And according to the projection, in this decade itself it will overtake USA to become the largest economy in the world,” he mentioned. China can be one of many largest “outbound investors”,the previous diplomat famous. “In fact, by one statistic, China has already invested close to 350 billion US dollars abroad which is just shy of American figure of over $400 billion,” he mentioned.

“From our personal experience, (we) all know that China is the world’s factory because many of the products weuse are either partly or fully made in China,” he mentioned. “In short, we will not be able to imagine and we cannot imagine, a world without China”, so understanding its outlook is essential, he mentioned.

But, Gokhale mentioned to a query, though China intends to be the dominant energy of the world, a Chinese hegemony could not appear to be the American hegemony. “Unlike Americans, Chinese are not seeking military domination. I don’t think the Chinese want the role of the world policeman,” he mentioned.

“They are cautious, prudent people. I don’t think either they have desire, economically, militarily, to take that huge responsibility of policing the world,” he mentioned. “The western colonial powers came to us believing that they would civilise us. American culture wants us to replicate them. They want us to eat at McDonald’s, they want us to read comics and see American TV series,” he mentioned.

They are weak as a delicate energy and they don’t have any need that the remainder of the world imitate them, Gokhale mentioned. “In reality,they take satisfaction that they’re distinctive.

Therefore, their hegemony is `Middle Kingdom’ hegemony the place all of the roads will result in Beijing for the prosperity ofChinese folks,” he defined.


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