China will have a strong position, but it’s not worth talking about its dominance, in the present world everything is very interconnected. If China does not have markets for goods represented by Western Europe and North America, they will not be able to dominate.
yes i agree on it . china dont all have the resources but other countries have it ( every other countries rather ) .
what china have now is that they can now freely move or work to create some useful tools for the virus . this is the reason why people said china is now going to be a new ruler but this is nothing . once virus was over , china will look small again i believe . no one ruled the entire wolrd before afaik but all countries have different strenghts and weakneses .
China is a country with great strength, but it also has various important weaknesses including:
Unfavorable demographic profile. The Chinese workforce peaked in 2015 and has passed the point of profit, the population is getting older, China will face rising health costs that will burden the Chinese economy significantly and worsen growing inequality.
Second, China needs to change its economic model. Expansion through exports can no longer be tolerated by its partner countries because mutualism is very small. Subsidies for state-owned enterprises, and the imposition of intellectual property transfers that enable China to profit in certain fields it controls. Deficiencies in the rule of law have diminished the interest of foreign investment and reduced international political support that is often provided. The high level of government investment and subsidies for state-owned enterprises has disguised inefficiencies in capital allocation.
The Leninist model fits perfectly with the Chinese imperial tradition, but rapid economic development has changed China and its political needs. China has become an urban middle-class society, but the ruling elite has remained trapped in old political thought. They believe that only the Communist Party can save China and therefore every reform must strengthen the Communist Party's monopoly on power.
China has long been calculating its internal and external conditions, so it has long been made a grand strategy framework to overcome China's domestic problems. Starting from colonialism 5.0 through the OBOR program everything aims to resilient China in the future. Becoming a big country is not only hope but a necessity considering the burden of the population that is borne by China is also large.
In the future, China will become increasingly important, and US-China relations will become a cooperative competition. No country, including China, is likely to surpass the US in overall power in the next decade or two, but America must learn to share power because China and other countries continue to gain power.