We hoped china would be a friend. It now looks as if it may end up as a foe. But i think, as we speak, the juryis still out. What is clear is that the single most important political development of this century will be the emergence of china as the other super power the united states. Since the end of the servit union, has had it all to itself. We know that because other chinese societies,. whether it's ti wan, whether ats hong kong, or effectively, chinese have shown that they are exceptionally good capitalists. So ch China has caught up with them, it hasn't yet overtaken them.