China has made a stunning rise in the past two decades demonstrated, by among other things, a stark doubling of its GDP in the past decade alone, lifting 850 million Chinese out of extreme poverty, according to World Bank figures, a widening global influence, vast exports and technological and innovation advances.
Whether or not China achieves a 6-plus% growth in 2019, its rise will still continue in 2020. Based upon what I personally witnessed, while visiting China in 2018, I can attest to the observation that China's rise seems non-stoppable.
Modern infrastructure and continuing projects abound in China. New roads, exceptional hotels, new buildings, new sewer systems, quality foods, waterway dredging, expanding communications, fast trains, abundant discount and luxury shopping and a contented people translate into a country on the rise.
As some consumer prices rise very high in China because of the ongoing trade spat initiated by the Donald Trump administration in Washington, DC, with pork doubling in price in 2019 compared to 2018 prices, and with lesser increases in the price of poultry, beef and eggs, China will able to reach a stabilization of consumer prices in 2020. Alternative food sources and a rebound of the pork industry from the dreaded African swine flu could reduce the cost of consumer goods in China in 2020. Reports indicate that new disease-free sows are producing piglets that could speed up the recovery effort.
A new Chinese satellite launch to transmit GPS signals to 120-countries is testimony of the girth of China's development and scope.
New supersonic missiles, a home-made aircraft carrier, a million-strong People's Liberation Army (PLA) and a quickly modernizing defense with landing facilities developed and developing on the South China Sea all add up to ensuring China's security in 2020.
With development and infrastructural projects partnered with nations in Asia, Africa and the Americas, China's sphere of influence will continue to grow globally in 2020.
Yet, China will not be problem free in 2020. On going civil protests in Hong Kong will demand a solution in 2020. Increase cross straits relations with Taiwan would have be improved. The trade war with the United States (US) should be earmarked for settlement in 2020.
China's biggest threat in 2020 could come from itself - from its failure to make the necessary reforms and changes demanded by the time. At some point in time, China could realize that stability and growth defined by Chinese characteristics might not transcend to the wider world and that the Communists might have to incorporate a wider sphere of Western thinking into the successful continuity of its global growth.