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Big Changes Coming in Greater China



 

Two points today. First, a lot of the wealth of Greater China is about to experience a generational turnover. Greater China is defined for this purpose as the People's Republic, including the special administrative district of Hong Kong, AND the Republic of China, aka Taiwan. Trillions are about to change hands as a critical cohort of old guys dies off and leaves their world to their heir. 

Second, IMHO, the People's Republic is not about to attack Taiwan. There is a fair amount of saber rattling right now, but the PRC sees its way to becoming a great regional hegemon and that way may be a lot clearer if it is seen as a force for order in the region. 

The relevant region is just about everything south of the old Soviet Union and north of the equator, stretching from Ethiopia to Indonesia. 

The People's Republic wants peace with the other China so Greater China as a single entity can become the hegemon in that vast region.

A third point, subsuming each of the first two: while Russia is falling apart in the fruitless saber rattling of a sick old man, a new eastern-hemisphere superpower is emerging.

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  1. Paul D. Van PeltSeptember 28, 2022 at 9:40 AM

    This makes a lot of sense. More so than the madness over Ukraine. I would think China-watchers everywhere are hoping it makes sense to China also.

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