China as an emerging superpower
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The Chinese Century (simplified Chinese: 中国世纪; traditional Chinese: 中國世紀; pinyin: Zhōngguó Shìjì) is a neologism suggesting that the 21st century will be geopolitically dominated by the People's Republic of China, similar to how "the American Century" refers to the 20th century and "Pax Britannica" ("British Peace") refers to the 19th. The phrase is used particularly in the assertion that the economy of China could overtake the economy of the United States as the largest national economy in the world, a position it held for a large part of the last two millennia according to the UN World Bank.
China created Shanghai Cooperation Organisation as alternative to NATO and created Asian Infrastructure Investment Bank and New Development Bank as both alternatives to World Bank and International Monetary Fund. China further created One Belt, One Road policy initiative with future investments of almost $1 trillion for push to take a bigger role in global affairs.
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