China constitutes a fifth of the world`s population. Over the last twenty years its economy has doubled to make it the fifth largest economy in the world; if the pace is repeated over the next twenty it is set to become second only to the US. The speed of its development is stunning, a combination of cheap labour & commitment to science & technology that has never been matched by a developing country. The Pearl River Delta, Shanghai & Beijing have become city-regions whose growth & embrace of modernity strike the visitor with awesome force. This is a continent on the move, recovering the world position & wealth it once had. The re-emergence of China as a superpower constitutes the biggest challenge the world has had for more than a century. Never before in modern times has the financial, trade, economic & diplomatic world pecking order been so profoundly reconstituted with the challenger country itself in the grips of incredible ideological & political change. This is a transition both internally in China & externally in the world beyond beset by hazard & risk. The world`s peace & prosperity depends upon it being executed successfully.