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But for the next half-century it will continue to display the interests and characteristics of both, an outlook which is likely to be reinforced by the sense of grievance that China feels about its ‘century of humiliation’ at the hands of Japan and the Western powers, especially its experience of colonization. China, in fact, will be the first great power that comes from the ‘wrong’ side of the great divide in the world during the nineteenth and first half of the twentieth centuries, a creature of the colonized rather than the colonizers, the losers rather than the winners. This experience, and the outlook it has engendered, will be an integral part of the Chinese mentality in the era of modernity, and will strongly influence its behaviour as a global power.
    A broader point can be made in this context. If the twentieth-century world was shaped by the developed countries, then that of the twenty-first century is likely to be moulded by the developing countries, especially the largest ones. This has significant historical implications. There have been many suggestions as to what constituted the most important event of the twentieth century: three of the most oft-cited candidates are the 1917 October Revolution, 1989 and the fall of the Berlin Wall, and 1945 and the defeat of fascism. Such choices are always influenced by contemporary circumstances; in the last decade of the last century, 1989 seemed an obvious choice, just as 1917 did in the first half of the century. As we near the end of the first decade of the new century another, rarely mentioned candidate now presents itself in the strongest possible terms. The rise of the developing world was only made possible by the end of colonialism. For the non-industrial world, the colonial era overwhelmingly served to block the possibility of their industrialization. The imperial powers had no interest in creating competition for their own industries. That does not mean that the effects of colonialism were entirely negative, though in some cases, notably that of Africa, they surely were. In East Asia, Japanese colonialism in the case of Korea and Taiwan, and Western colonialism in the instance of Hong Kong and the treaty ports, did at least demonstrate, however negatively, the possibilities offered by industrialization, and thereby helped to plant some of the seeds of their subsequent transformation. The end of colonialism was a precondition for what we are now witnessing, the growth of multiple modernities and a world in which they are likely to prove at some point decisive. With hindsight, the defeat of colonialism between 1945 and the mid sixties, the significance of which has been greatly underestimated in the West for obvious reasons, must rate as one of the great landmarks of the last century, perhaps the greatest.
    In the light of these eight characteristics, it is clear that Chinese modernity will be very different from Western modernity, and that China will transform the world far more fundamentally than any other new global power in the last two centuries. This prospect, however, has been consistently downplayed. The Chinese, for their part, have wisely chosen to play a very long game, constantly seeking to reassure the rest of the world that China’s rise will change relatively little. The West, on the other hand, having been in the global driving seat for so long, finds it impossible to imagine or comprehend a world in which this is no longer the case. Moreover, it is in the nature of vested interests - which is what the West is, the United States especially - not to admit, even to themselves, that the world stands on the edge of a global upheaval the consequence of which will be to greatly reduce their position and influence in the world. China is the elephant in the room that no one is quite willing to recognize. As a result, an extraordinary shift in the balance of global power is taking place sotto voce , almost by stealth, except one would be hard-pressed