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Consumptionomics by Chandran Nair

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A Beijing consensus?

Given the growing power and influence of China both within the region and worldwide, should other countries be looking to China to take the lead?

Within the last decade, there have been major changes in the relative perceptions of its strength. When it was negotiating its entry into the World Trade Organization, both the United States and the European Union were able to secure major market-opening victories. In the decade since, and particularly since the global financial crisis, Chinese confidence has risen strongly. It now vigorously defends its interests in international bodies and has started to take ever more confident international steps, be it extending its commercial and resource interests in other parts of Asia, ...

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