In contrast to the stamp that US capitalism placed on the current form of globalisation, there are issues that arise from the specificities of China as a social formation that are likely to have considerable resonance as it helps to reconstruct the nature of globalisation. Among the issues of relevance here is the fact that, for the first time in history, a great power is emerging from the ranks of the ‘Global South’. As a consequence, and with the sole exception of the United States itself, we have with China (หน้า 175) a country that is forging the nature of globalisation that was subject to direct colonization: brutally so in the case of other parts of the country between 1931 and 1945. Partly as a result of the sense of humiliation that impacted its national psyche in the wake of colonization, China has emerged in the post-1945 period with a strong sense of victimhood as a fundamental element in its nationalism (Chang 2001; Gries2005). While this in itself is not an unusual component of nationalism, it is in the context of a potential great power.