Summary
A potential superpower is a state or other polity that is speculated to be—or to have the potential to soon become—a superpower. Currently, only the United States fulfills the criteria to be considered a superpower. However, the United States is no longer the only uncontested foremost superpower and the world's sole hyperpower to dominate in every domain (i.e. military, culture, economy, technology, diplomatic). Since the 1990s, China, the European Union, India, and Russia have been described as potential superpowers. Japan was formerly considered a potential superpower due to its high economic growth. However, its status as a potential superpower has eroded since the 1990s due to an aging population and economic stagnation. Chinese Century Asian Century and Pacific Century The People's Republic of China receives continual coverage in the popular press of its potential superpower status, and has been identified as a rising or emerging economic growth and military superpower by academics and other experts. In fact, the "rise of China" has been named the top news story of the 21st century by the Global Language Monitor, as measured by number of appearances in the global print and electronic media, on the Internet and blogosphere, and in social media. The term "second superpower" has been applied by scholars to the possibility that the People's Republic of China could emerge with global power and influence on par with the United States. The potential for the two countries to form stronger relations to address global issues is sometimes referred to as the Group of Two. Barry Buzan asserted in 2004 that "China certainly presents the most promising all-round profile" of a potential superpower. Buzan claimed that "China is currently the most fashionable potential superpower and the one whose degree of alienation from the dominant international society makes it the most obvious political challenger". However, he noted this challenge is constrained by the major challenges of development and by the fact that its rise could trigger a counter coalition of states in Asia.
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