China’s decade long surge into becoming an economic power house and global heavy hitter has given rise to a myriad of theories and assertions regarding the role of Asia in this century. It has been widely touted that the 21st century will be “Asia’s Century” as the US fades from virtual hegemony and hyperpower and joins it’s European cousins in the ranks of imperial has beens. That the on going economic crisis embattling what I’ll term the “Old Order of Global Primacy” has left China’s 10% annual economic growth unscathed seems to be validating those theories and assertions.Yet there are many good reasons to think that Asia’s rise may turn out to be an illusion. Asia’s growth has built-in stumbling blocks. Demographics, for one. Because of its One Child policy, China’s population is aging rapidly: According to one comprehensive study by the Center for Strategic and International Studies, a Washington think tank, by 2040 China will have at least 400 million elderly, most of whom will have no retirement pensions. This aging poses a severe challenge, since China may not have enough working-age people to support its elderly. In other words, says CSIS, China will grow old before it grows rich, a disastrous combination. Other Asian powers also are aging rapidly – Japan’s population likely will fall from around 130 million today to 90 million in 2055 – or, due to traditional preferences for male children, have a dangerous sex imbalance in which there are far more men than women. This is a scenario likely to destabilize a country, since, at other periods in history when many men could not marry, the unmarried hordes turned to crime or political violence.
One brief bit I would add that the article doesn’t mention is China’s grand strategy as an emerging superpower and one glaring difference it has with the post WWII American emergence. The US emerged as a superpower not only through economic and military might but also by launching a global marketing campaign to export it’s model of governance abroad. While China jealously guards it’s proxy states and happily engages the more nefarious to obtain resources I see zero evidence of marketing its hybrid of authoritarianism and capitalism abroad. Whose to say that China wants to lead a unified Asia into the 21st century and shoulder the burden of casting a shadow over the previous hegemon?



