The Independent is a newspaper in Britain that lives up to its name. It keeps to an independent line and while many other newspapers — The Australian is a prime example — keep looking for negative stories on China The Independent presents a balanced view.

It leads:

Here comes the world’s newest superpower. The rest of the world is gloomily contemplating economic slowdown and even recession. Not in Beijing. China is set to make 2008 the year it asserts its status as a global colossus by flexing frightening economic muscle on international markets, enjoying unprecedented levels of domestic consumption and showcasing itself to a watching world with a glittering $40bn Olympic Games.

The world’s most populous nation will mark the next 12 months with a coming-of-age party that will confirm its transformation in three decades from one of the poorest countries of the 20th century into the globe’s third-largest economy, its hungriest (and most polluting) consumer and the engine room of economic growth.

So, yes, there is a little bit of needle in there but it is a fair summary of the situation.

And it is correct when it writes:

It will be a celebration viewed with consternation by many, as China’s authoritarian regime shows little sign of relaxing its grip on power and continues to expand its influence overseas from the oil fields and metal mines of Africa to the City of London. Appropriately, 2008 marks the Year of the Rat, an animal considered in Chinese folklore to be a harbinger and protector of material prosperity.

It quotes Stephen Perry, chairman of the 48 Group Club, a Sino-British business network, who said: ‘China has become an international player much more quickly than it would have wanted to do, in part to meet its need for natural resources. But I don’t think China has any intention of taking on American power. The West is important to China in this stage of its development as it seeks inward investment. But that is beginning to be much less important and it is looking more to the development of a strong Asia, in which it is one of the strongest players because of its enormous consumer base.’

Read the full story by clicking on source. It is not biased either way.
Source: The Independent