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12/28/08

China View: Yearender: Marked changes in world's political, economic landscape - by Sun Ruijun and Bao Erwen

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Yearender: Marked changes in world's political, economic landscape - by Sun Ruijun and Bao Erwen

The world has undergone remarkable changes this year, but international security situation on the whole remained stable with "peace" and "development" prevailing as the themes of the times. In 2008, the world has continued moving toward multi-polarization, resulting in a distinctive shift of international forces. Globalization is developing in depth and regional cooperation is gathering momentum.The world has been confronted with one hotspot issue after another and non-traditional threats are increasing. The world economic growth took a turn for the worse due to the outbreak of the global financial crisis.

The United States has been acting as the world's only superpower in 2008, but the financial turmoil, which broke out in Wall Street in September, showed its vulnerability.Meanwhile, the European Union (EU) continued to enhance its independence and influence in international affairs. In March, British Prime Minister Gordon Brown and French President Nicolas Sarkozy said their countries share a vision of a "global Europe."

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