CHINA WILL AGAIN BE THE MIDDLE KINGDOM IN 21st CENTURY

CHINA WILL AGAIN BE THE MIDDLE KINGDOM IN 21st CENTURY By Francis C W Fung, Ph.D. Today March 31, 2015 is an historic moment. China successfully launched the Asian Infrastructure Bank to fund the New Silk Road Initiative to provide connectivity for the world. Japan the last U.S. major military alliance country announced today that it would join the China infrastructure bank! By now all U.S. allies have all broke from their military alliance with America and join the peaceful mutual development initiative. The only redeeming grace for America is to join as observer country at a later day. It is natural for China to launch the New Silk Road Initiative for all historical, technological, financial capable and infrastructure building experience reasons. China in the last 39 years has built 20 trillion dollars of infrastructure in her own country. This super scale of construction in such a short time has no historical precedence! All silk roads completed will eventually all connect to China like ancient days. In rejuvenation, she will be truly, the Middle Kingdom like her name implies! This time China will lead the Second Commercial Globalization, which will grow to be much larger than the first globalization led by the U.S. in the 20th century. America will remain the dominant military power but not the largest economic power in 21st century. Which means America can no longer behave in her hegemony way dominating the world as in the 20th century. India will replace China as the world factory with her biggest population and technology capability. With her middle class growing to the biggest of the world because of Silk Road connectivity prosperity China will be the market of the world and lead the world globalization. With all developing countries rise, the mutual development will benefit all humankind with the resulting people connectivity, prosperity and cultural equal exchange the world may reach true equality and harmony. This world harmony world with mutual respect and equality will be a great improvement compare to the 20th century world dominated by America hegemony. Francis C W Fung, Ph.D. Director General World Harmony Organization, San Francisco, CA