Interesting discussion on the latest NPR planet money episode. “Here comes China”; In line with the 60th anniversary of the people’s republic. The hosts, Alex Bloomberg and Adam Davidson ask their guests if China still needs the US more then the US needs China. After all, China needs US dollars to stay strong, and consumers to buy exports. Right?

One of the guests, Singapore university professor Kishore Mahbubani, author of the book “the new Asian Hemisphere, the irresistible shift of global power to the east” had an interesting bold opinion on the matter:

1. Unlike the rest of the world, Americans have not realized China will be dominant power.
2. China will be country with largest GDP within 18 years.
3. The world that is coming is outside comfort zone of most americans
4. Western intelectuals: they talk to each other, point to all the weaknesses of China and say “when is it going to fall apart?” for 30 years, but it isn’t.
5. There has been an explosion in China and Asia confidence. 50 years ago, noone would believe China would become largest economy in the world.
6. Today, the most optimistic young people are in Asia. They believe that tomorrow belongs to them, come to Asia.

Ian Bremmer of Eurasia Group, confirms that Americans haven’t been busy with China, as there was no debate about the China standpoints during the McCain Obama campaigns. This is something that will change from now on.

To understand how America is changing opinion, please watch the first five minutes of Obama opening the U.S.-China Strategic and Economic Dialogue.

Listen to the entire conversation here