As the People’s Republic of China commemorates its 60th anniversary, it seemingly has much to celebrate. China is the world’s most populous and industrious nation, is the world’s third largest economy and trading nation, has become a global innovator in science and technology, and is building a world-class university system. It has an increasingly modern military and commands diplomatic respect. It is at peace with its neighbors and all major powers. Its hybrid model of quasi-state capitalism and semidemocratic authoritarianism - sometimes dubbed the "Beijing Consensus" - has attracted attention across the developing world.
This growing soft power of China was strengthened by the 2008 Olympics extravaganza, and the Shanghai Expo next year will similarly dazzle. The 60th anniversary celebration in Beijing on Oct. 1 has impressed, if not frightened, the world with an arresting display of military hardware and goose-stepping soldiers. Less visible is the fact that China is the first major economy to recover from the global recession and, indeed, is leading the world out of it.
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