China Has Achieved Escape Velocity: It Is Now Unstoppable
China Has Achieved Escape Velocity: It Is Now Unstoppable PEPE ESCOBAR The 21 st century is shaping up to be the Asian, Eurasian, Chinese century. The four-day, twice-a-decade plenum of the Communist Party of China that took place last week in Beijing, designing an economic road map all the way to 2029, was a stunning affair in more ways than one. Let’s start with continuity – and stability. There’s no question after the plenum that Xi Dada, or The Big Panda, will stay on the helm until 2029 – the end of the current five-year economic drive. And if Xi is healthy enough, he stays up to 2035: the fateful and uber game-changing target year for China to exhibit a GDP per capita of $30,000, with massive around-the-world reverberations. Here we see the confluence between the progression of “socialism with Chinese characteristics” and the defining contours if not of a Pax Sinica, at least of the non-Hegemon-centric, multi-nodal world (italics mine). The pro...