2015 in Review: China Ascendant, Growing Comfortably Into Superpower Role
SputnikNews.com
25.12.2015
According to the Chinese calendar, 2015 has been the year of the goat – whose characteristics include auspiciousness, heralding promise and prosperity. And, despite a few setbacks, the calendar has been true to its word. Sputnik looks back at some of the important events which have helped to secure China’s place as an emerging superpower.
2015 has been a propitious year for China, the country making simultaneous advances on all fronts – from consolidating its position in international financial institutions, to major geopolitical moves, to dabbling in efforts to defend historical memory and to offer a new concept of a world order based on ‘mutual respect and win-win cooperation’. From economics and politics to geopolitics and philosophy, 2015 has, with a few hiccups, been an important year.
To start off, it would be remiss not to mention probably China’s biggest setback of the year – the summer’s stock market crash, which affected the economic prospects of not just China, but the world as a whole. Taking place in mid-June, with major aftershocks occurring in July and August, the crash led to trillions of dollars-worth of lost assets, and even to panicky predictions that August’s ‘Black Monday’ was comparable to the Wall Street Crash of 1929.
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