China’s road to superpower status takes strange twists.

In an earlier blog, “China’s Position on the World Stage”, criteria given for superpower status included economic power and the ability to influence internationally appears to be accruing for China!

An article in the International Herald Tribune, “China law could impede Microsoft deal for Yahoo” illustrates China’s growing economic power and ability to project that power internationally. At issue is Microsoft's hostile-takeover attempt of Yahoo. Doing so may cause it to run up against a new Chinese anti-monopoly law that takes affect in August. In 2005 Yahoo had obtained a 40% interest in Altaba.com China’s largest e-commerce business. The law gives Chinese regulators the power to examine and act upon foreign mergers that involve companies invested in Chinese businesses.

China’s burgeoning economic powers is starting to give it regulatory influence that may eventually match those of Washington and the European Union in Brussels.