30 years ago when the People's Republic of China instituted its Open Door Policy, the world thought that China would be the temporal leader of the growing third world, in fact, the Chinese were ridiculed for their supposed inferior production lines, poor understanding of capitalism and the free trade market.
Now, over 30 years since China opened its doors to the world market, her economy, the 2nd largest in the world (and recently just surpassed that of Japan's) she is set to become the 2nd super power in the world. She already supports the United States with the unprecedented financial bailouts ; which literally puts to mind the saying, "you'll never know who will save your skin.."
Thirty years ago, China was considered a backwards communist state with no understanding of capitalism.
At present, the West can only awe in envy to see the level of economic growth she is experiencing; with over 250 million Chinese middle class and growing. China finds itself being courted by western bankers and investors ; which brings to mind the old days when China (Zhong Guo) was courted by the lesser kingdoms for trade rights. The United States, the current world hyper power, stands alert and almost frantic in its place in the world order. A former third world nation (CHINA) is soon to ascend military and economic superpowerdom.
The Philippines falls in the same category; she is rising with the rest of the Asian-Pacific Region.
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