Rise of China in the context of "British Century"

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⭐ Core Definition: Rise of China

The Chinese Century (simplified Chinese: 中国世纪; traditional Chinese: 中國世紀; pinyin: Zhōngguó shìjì) is a neologism suggesting that the 21st century may be geoeconomically or geopolitically dominated by the People's Republic of China, similar to how the "American Century" refers to the 20th century and the "British Century" to the 19th. The phrase is used particularly in association with the idea that the economy of China may overtake the economy of the United States to be the largest in the world. A similar term is China's rise or rise of China (simplified Chinese: 中国崛起; traditional Chinese: 中國崛起; pinyin: Zhōngguó juéqǐ).

China created the Belt and Road Initiative, which according to analysts has been a geostrategic effort to take a larger role in global affairs and challenges American postwar hegemony. It has also been argued that China co-founded the Asian Infrastructure Investment Bank and New Development Bank to compete with the World Bank and the International Monetary Fund in development finance. In 2015, China launched the Made in China 2025 strategic plan to further develop its manufacturing sector. There have been debates on the effectiveness and practicality of these programs in promoting China's global status.

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Rise of China in the context of Post–Cold War world

The post–Cold War era is a period of history that follows the end of the Cold War, which represents history after the dissolution of the Soviet Union in December 1991. This period saw many former Soviet republics become sovereign states, as well as the introduction of market economies in Eastern Europe. This period also marked the United States becoming the world's sole superpower.

Relative to the Cold War, the period is characterized by stabilization and disarmament. Both the United States and Russia significantly reduced their nuclear stockpiles. Much of the former Eastern Bloc became democratic and was integrated into the world economy. In the first two decades of the period, NATO underwent three enlargements, and France reintegrated into the NATO command. Russia formed the Collective Security Treaty Organization to replace the dissolved Warsaw Pact, established a strategic partnership with China and several other countries, and entered the Shanghai Cooperation Organisation and BRICS alongside China, which is a rising power. Reacting to the rise of China, the United States began a gradual rebalancing of strategic forces to the Asia–Pacific region and out of Europe.

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← Post–Cold War world ← Post–Cold War era ← Post-Cold War era
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Flag of China → Simplified Chinese characters → Traditional Chinese characters → Pinyin → Neologism → Geoeconomics → Geopolitics → China → American Century → British Century → Economy of China → Economy of the United States → Belt and Road Initiative → Geostrategy → Liberal international order → Asian Infrastructure Investment Bank → New Development Bank → World Bank → International Monetary Fund → Development finance institution → Made in China 2025 →