China's Rise Pulls World Into Uncharted Waters

Twic e in the 20th century, Japan challenged the West, first in a military-led attempt to become an imperial power and then as an industrial powerhouse. Now, it is China's turn to take the global stage. Seventy-five years after Japan's surrender in World War II, and 30 years after its economic bubble popped, the emergence of a 21st-century Asian power is shaking up the "status quo." As Japan did, China is butting heads with the established Western powers, which increasingly see its growing economic and military prowess as a threat. In turn, China, again like Japan, feels the West is trying to limit Read Full Article »