Copyright 2008 All Rights Reserved Charleston C. K. Wang, Esq., Publisher
During the last decade, China astounded the world with an annual
economic growth rate of around 10%.   Presently, China is
abundantly supplying the world with a cornucopia of affordable
goods.  This trade has created an emerging Chinese capitalistic
class, and also fueled an expanding demand within China for raw
materials, including oil.    Economic prosperity has reignited a
national pride that China yearns to showcase in the Summer
Games.  However, China is also straddled with internal conflicts,
the most currently visible being the Question of Tibet.

Can a totalitarian, godless state under the hegemony of the
communist party withstand the aligned wills of the ancient gods
of Mt. Olympus and those of the Himalayas with its peak at Mt.
Qomolangma?   This question must be on the minds of U. S.
Secretary of the Treasury Henry Paulson and his Chinese hosts as
they met once again for Strategic Economic Dialogue during the
first week of April.  While Mr. Paulson must be most concerned
about stimulating economic growth for America in the face of
cyclical recession, the political conundrum of Tibet is ever

At this juncture of the fates, I see the need for continued vigil -
the emergence of China as a 21st century economic superpower
raises the inseparable question of what will be the next political
face of China?   From the beginning Karl Marx proclaimed a
fundamental contradiction between capitalism and communism,
an ideology now discredited by most nations. There appears an
inevitable certainty that China’s political system must change to
keep pace with her burgeoning capitalistic base.   Under the
light of 20th century experience, especially from a western
perspective, it may seem that China has two options from
which to choose (1) Democracy, or (2) Fascism.  

Clearly, it is in the national interest of the United States to
continue to engage China economically, politically, and along all
other facets.  Through determined dialogue and astute economic
incentive, America should continue to promote the virtues of
democracy and demonstrate its suitability for sustained economic
well-being.   Only time will reveal the next face of China.  Perhaps,
as China is a cradle of ancient enlightenment well before the
Renaissance of the west, the Chinese can reveal to the world yet
another political theory that the World will call good.   

A version of this article was published as a Global Outlook in the
Cincinnati Business Courier on May 9, 2008.