China, now the world’s fourth largest economy, is quite clearly ambitious to replace the US as the dominant power in the region, writes Sharif Shuja.China’s economic success, its billion dollar trade surpluses and its massive market penetration are enormously impressive. The year 2006 saw China acquire the largest foreign exchange reserves in the world, worth a mind-boggling $1 trillion.It also saw China firmly establishing itself as the world’s fourth-largest economy, an achievement based on tw…
