The Manila Times

The sleeping dragon is now wide awake

- Tambays” world’ssecondlar­gesteconom­y overtaketh­eUSas theworld’sdominante­conomic power

VISITING China is not for the weak of heart and legs. Statistics can mesmerize a simpleton like me whenever I discover stratosphe­ric numbers overlappin­g each other daily. Our group’s stint covered all historical and developmen­t areas, uprooting the previous

Curiosity on what makes this nation tick is seemingly insurmount­able each daybreak. Compound this with the amazing short period of time it took to achieve its current status, one is inclined to believe in the supernatur­al or miracles that are impossible to happen in this digital century.

Yes, we touched base with the National Developmen­t and Reform Commission in Beijing, visited the assembly plant of Yutong Bus Co. Ltd. in Zhengzhou, the Zhengdong New District, and the historical Quanzhou Maritime Museum and the Ports Authority in Xiamen known as the Fujian Free Trade Zone.

Everywhere we go, we notice that there is no one stationary or idle. There are no “or citizens who have nothing to do. Everybody has a job to do, menial or big time. Middle class has reserved income to spend aside from the regular monthly expenditur­es. I have to know the reasons why and in-between conversati­ons, I became aware of these facts that with a mission planned later this year. The strategic goal is to catch up with other leading space powers by 2030.

China is prepared for labor shortage in the future.

The manufactur­ing sector is investing huge amounts of money to help address labor shortages and maintain its competitiv­e edge in the industries of the future. China is the largest market in the world for industrial robots, with 141,000 purchased in 2017.

We all know that China is now the

and the largest if measured in Purchas- supporter of the Paris climate change treaty. This drastic cuts will definitely outweigh the impact of the United States’ decision to pull out of the treaty.

Silk Road before and now

China is building a new Silk Road. The One Belt-One Road program is the initiative to connect China with its neighbors in the West like Central Asia, the Middle East and Europe. China has already committed $ 1 trillion to the project, which can reach a market of over 3 billion people.

With this kind of vision, China is destined to

by 2030, based on share of global GDP, trade and exports.

Why, I read that even Goldman Sachs CEO Lloyd Blankfein remarked in his Twitter account months ago, praising the infrastruc­ture of China and noting that the US is lagging very much behind.

- iar to everyone — China’s success in rapidly creating an extensive network of bullet trains and tracks. It will eventually change the social and urban networks of China and its citizenry. A sharp contrast is the inability of the United States to address its infrastruc­ture problems, not to mention create new transporta­tion options. China’s consistenc­y and perseveran­ce have

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