China's century? or not?

MINXIN PEI at the China Program of the Carnegie Endowment for International Peace expresses skepticism at conventional wisdom that the Great Recession helped China more than any other state pointing out that the Chinese themselves were not impressed about predictions of their dominance. In a Newsweek article, "Why China Won't Rule the World", he points to inefficient lending, projected delinquencies, overcapacities, rising ethnic separatism and lack of leadership in global fora to assert that there is still a wide gap between Western and Chinese perceptions of the Chinese century.