An interview with Isabel Hilton in Jacobin:
What’s China’s ultimate vision? What does it want?
IH: I think the ultimate vision is a restoration of the sense that China is the center of its world. That was the way China felt about itself for many centuries, partly because it didn’t really go very much farther. There was a brief period in the Ming Dynasty when ships went up and down the coast of Africa, and there was always land-based trade along the Silk Road, but China was content to treat the states and its neighbors in the immediate region as tributaries that paid homage to China as the great regional power. It was 20 percent of the world’s economy, which is pretty much where we’re heading back to.
China wants to restore that position, but it also wants to preserve its own system of government against rival systems of government. In pursuit of that, China is steadily setting up parallel institutions. Its own, as yet small, multilateral investment bank, the Asian Infrastructure Investment Bank, is devising rules that suit China rather than rules that have been part of the postwar order.
I think we’ll see China increasingly building a world that suits China, but trying not to overreach.