In normal course, fear demotivates and courage motivates. Contrarian thinking alludes fear as the great motivator. China is the textbook case of fear motivating her to scale the heights not only in military matters but also in the geoeconomics arena. Read:
A range of fears engulfed China from near and far. Most of these arose from political and military side of international relationship. But when we quantify fears originating from these two areas it pales into insignificance in comparison with what is in store for China in the form of threats & risks of geoeconomics. The latter is of humongous proportion. To be sure, China is not underestimating any of these threats & risks. The politburo of the Chinese Communist Party (CPP) is seized with the topic of challenges that could emanate from the plethora of issues created by USA led west to scare the nation and to derail her economic juggernaut.
Accent on making fear an opportunity combined with garnering absolute strength continued unabated. Heads joined from across the country sat together to brainstorm and identify ways of means of doing exactly that.
Political clout of China has risen exponentially in the last two decades. China, has established full diplomatic relations with 178 out of the 193 United Nations member states. China went on to establish several diplomatic missions. Today it boasts the largest number of such missions more than any country in the world. That said, China continues to have cultural exchanges with more than 160 countries out of which about 140 protocol have been initialled.
Power index score of 0.0854 places China at third slot after USA & Russia. Total aircraft of 3.260, naval vessels of 777, land force pieces of 43659 along with total military personnel over 3.35 million enable China to qualify for this coveted status. (Here). Overall, out of the theoretical figure of 100% military prowess China stands at 85%. By any rate China stands as a giant in Asia.
In geoeconomics, China is slowly beating USA to second place. China received cash inflow of US$ 163 billion in 2020 compared to USA figure of 134 billion as net receipt arising out of trade & finance. BRI is key for China to bring peace & prosperity for 138 countries with a staggering US$ 200 billion by way of investment. By 2030 China would have invested humongous amount of US$ 1.5 Trillion. (Here).
China Pakistan Economic Corridor (CPEC) being the flagship project would receive more than US$ 62 Billion the highest amount granted for a single country project in the BRI network. The connectivity of the CPEC is phenomenal. It opens up ancient Silk Road morphing from solely land into land and sea connectivity bound with Digital Silk Road. To start with 5G would be upgraded to 6G by 2030 or about. That means a paradigm shift as it is has no historical precedence.
Digital yuan is next power play by China. As a major challenge to the west the fourth industrial revolution intends to revolutionise domestic payment system via technology and usher in purely cashless society. Holding hands with rest of the world, this phenomenal deposit and exchange system of China officially establishes a “digital currency bridge” where People’s Bank of China being the central bank would function as corresponding bank as well as a clearing bank for all digital transactions across the globe.
The heart of the matter is, what China feared it has made it as an opportunity and transformed it as a power salience. Political, Economic and Military (PEM) is the first tier in the strategy spectrum. China is soaring here and the next paradigm would appear in few years’ time when China launches its own world wide web, a technology breakthrough no power can challenge let alone oppose!
Cheers!
Muthu
Ashraff Rajulu
Business Strategist
Mobile: + 94 777 265677
E-mail: cosmicgems@gmail.com
Blog: Business Strategist
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