The Chinese Dragon Awakens in a Wary World
Antoaneta Bezlova
BEIJING, Dec 23 (IPS) - As a year of subtle but significant geopolitical shifts draws to an end, China looms ever larger in a world unable to decide whether its rise is an opportunity or a threat.
For better or worse, every ripple from this giant economy, which is driven by the fast-expanding needs of 1.3 billion consumers, can now be felt across the world. The country’s frenetic construction is driving up world prices of nearly every commodity, while large-scale foreign investment is powering a flood of exports, which is bringing down global prices for manufactured goods.

