Essay

Pax Sinica?

The double-edged sword of Chinese investment abroad – by Jacob Dreyer

During the 19th Party Congress last week, Xi Jinping announced a new era of Chinese power. “Our country is approaching the center of the world stage,” he said in his opening remarks on Wednesday 18th, “and making continuous contributions to humankind.” Even those of us who feel qualms about this coming to pass can understand the material reasons why peoples all around the world, from European dockworkers to Zambian miners, are daring to hope for a benign Chinese hegemony. From the Hinkley Point power plant to the new Foxconn plant in Wisconsin, from high-speed rail in Ethiopia to a new hospital in Minsk, Chinese investment around the world holds out the possibility for improved health, electricity networks, transportation and stable employment for people all around the world.