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Will China determine the fate of the world?
Who's the most powerful person on the planet right now? Xi Jinping, who just got a third term as boss of China's ruling Communist Party and got all his loyalists appointed to the CCP's top decision-making body. But having so much power comes with big tradeoffs.
Zero-COVID is saving Chinese lives, yet killing the Chinese economy. And Xi is feeling the heat from his increasingly muscular foreign policy.
On GZERO World, Ian Bremmer speaks to Antoine van Agtmael, the investor who coined the term "emerging markets" and knows a thing or two about China. He believes China is now the second largest economy in the world and soon to surpass the largest, the United States.
For van Agtmael, that means a world that'll be "less nice" because the forces of globalization will be weaker. China will lead one power bloc and the US the other.
So, how much will the future of China determine the future of the world?
This interview was featured in a GZERO World episode: Chinese power
China's innovation means it's winning, says investor
What will the world look like in the Chinese century?
It'll be "much less nice," emerging markets investor Antoine van Agtmael tells Ian Bremmer on GZERO World. A lot of that has to with tech innovation coming from a society in which thought is controlled.
China, he adds, is making remarkable progress and is close a breakthroughs on things like nuclear fusion or artificial intelligence.
For van Agtmael, China still faces many challenges. But he's optimistic about its chances of overcoming them to become a true global power.
Watch the GZERO World episode: Chinese Power
How globalization backfired
Antoine van Agtmael knows a thing or two about emerging markets.
In fact, he coined the term for investors two decades ago. That's back when when we believed that globalization would create a global middle class.
"We believed in globalization. We believed that it would make the world better," van Agtmael tells Ian Bremmer on GZERO World.
And it did, in many ways.
Watch the GZERO World episode: Chinese Power
How China is overtaking the US as top world power (according to an investor)
The 21st century kicked off with a more open China, hungry for foreign investment in the heyday of globalization. Things have changed since.
For emerging markets investor Antoine van Agtmael, China has become "much more closed, and [...] developed to have a real sense of itself as a world power." Meanwhile, the US has become more defensive about its global superpower status.
That means we're moving from the American century to the Chinese century, he tells Ian Bremmer on GZERO World.
Van Agtmael says that the US needs to get used to being No. 2 and China used to being No. 1. And that applies to military superiority, where America's edge is not as clear as before.
Watch the GZERO World episode: Chinese Power
Chinese power
Xi Jinping just got a rare third term as the head of China's ruling Communist Party. But having so much power comes with big tradeoffs and implications for China — and the rest of the world.
Zero-COVID is saving Chinese lives, yet killing the Chinese economy. And the West is wary of Xi's increasingly muscular foreign policy.
On GZERO World, Ian Bremmer speaks to Antoine van Agtmael, the investor who coined the term "emerging markets" and knows a thing or two about China. His prediction: that the 21st century will be a Chinese Century, with Washington playing second fiddle to Beijing.
For van Agtmael, that means a world that'll be "less nice" because human rights will take a backseat and the forces of globalization will be weaker. China will lead one power bloc and the US the other.
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- How long can China's zero-COVID policy last? - GZERO Media ›
- BRICS vs. the West - GZERO Media ›
- Emerging markets most vulnerable to recession and political discontent - GZERO Media ›
Podcast: What if China’s power keeps growing?
Listen: As China's leader Xi Jinping begins an unprecedented third term in office, it's fair to ask: how much will China's future affect the whole world? On the GZERO World podcast, Ian Bremmer speaks to global markets expert and investor Antoine van Agtmael, who believes that this will be the "Chinese century."
They discuss the future of globalization and whether the term “emerging markets”— a term coined by Agtmael himself to describe nations transitioning to developed economies – still applies to much of the world. Some of those economies are in decline, but some like China have gone beyond that category. In fact, China is now the second largest economy in the world and is set to surpass the largest, that of the United States.
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