Obama's re-election is yesterday's news. The election with even greater and perhaps more far-reaching implications is the one in Beijing. The new leadership in China will preside over the era when China's economy will outstrip that of the US and it's emergence as a formidable military power will become a consideration in all foreign policy matters the West may face in the next generation. Some believe that the importance of the increase in China's influence and it's military potential amount are over-rated and they are but a hollow threat like the Soviets turned out to be. However, the wise man will realize that he era of the sleeping dragon is almost over.
China Prepares For Power Handover, But Reverberations Will be Felt Worldwide.
http://www.nytimes.com/2012/09/30/world/asia/aiming-for-top-xi-jinping-forged-ties-early-in-china.html?hpw
Elite and Deft, Xi Aimed High Early in China
http://www.nytimes.com/2012/09/30/world/asia/aiming-for-top-xi-jinping-forged-ties-early-in-china.html?hpw
China's First Aircraft Carrier Enters Service
http://www.bbc.co.uk/news/world-asia-china-19710040
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