MRI Forum 79
New Great Power Relations of a Rising China
- 25 June 2014
- Macau Ricci Institue
- 18:00 to 21:30
Audio Record of this Forum
Mr Andrew K.P. Leung
Mr Andrew K.P. Leung ( 梁建邦 ), SBS, FRSA is an International and independent China Specialist with over 40 years’ professional experience covering Hong Kong and Mainland China. He is currently Chairman of Andrew Leung International Consultants, providing strategic advice on China-related finance, investment, politics and economics globally, including both businesses and governments. He is Analyst, Advisor and Fellow of international institutions, think-tanks and consultancies such as Berkshire Publishing Group, Massachusetts, Brain Trust of Evian Group, and Wikistrat. He is Founding Chairman of China Group of Institute of Directors City Branch, London; Governing Council, King’s College London (2004-10) and Advisory Board Member of China Policy Institute, Nottingham University (2005-10). He is Visiting Professor with Metropolitan University Business School. He has also been a speaker on China at various international conferences, including Forum Istanbul; Annual African Banking and Financial Institutions Conference in Accra, Ghana; and Low Carbon Earth Summit, China, and is a regular interviewee on live television with CNBC, BBC, Aljazeera English, Times Now of India, Russia Today (RT), New Asia and CNC World TV. He was awarded Hong Kong’s Silver Bauhinia Star (SBS) in 2005 and was included in UK's Who's Who since 2002.
China’s economy is now expected to overtake the United States this year, measured in purchasing power parity. The Middle Kingdom has become the largest trading partner for 126 countries compared with 76 for the United States. More currencies move in tandem with the Chinese yuan than with the dollar. China’s economic and geopolitical footprints are now truly global, including Eurasian high-speed rail links with Europe, deepening relations with Central Asia and Africa, and outward global investments in enterprises, resources and other assets. The country has witnessed milestone advances in space exploration, rapid build-up of military capabilities, and a more assertive foreign policy, especially in the East and South China Seas. All these developments are seen to challenge the extant American primacy in the world order. Throughout history, from Grecian times to the two World Wars, such great power transitions resulted in wars. Is China’s seemingly inexorable Rise real and sustainable? If so, will history repeat itself? What does President Xi have in mind by “New Great Power Relations”? What are some of the ingredients of his concept and how could they be applied in reality?