China’s new Greater East Asia Coprosperity Sphere

China is currently following the Japanese model of the 1930s and early 1940s.
All the parallels are there: claims of Western decline, appeals to pan-Asian solidarity, the bullying of neighbors, visions of a Chinese-led trading and currency bloc, new westernized Chinese weapons, and boasts that Beijing has combined the best of both Western technology and superior Asian discipline to become the superpower of the future.
China’s miraculous transformation from a peasant subsistence culture is even more impressive than was Japan’s — given that in 2017, China is a nation of more than 1.3 billion people, as opposed to Japan’s pre-war population of about 70 million.