Can Chinese replace English?

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Can Chinese replace English and become the dominating language in the world?
I don't think so, as chinese is quite different from those languages with alphabets.
Meanwhile, English has been an international language for ages, and Chinese may need a long period of time to gain this status.
However, we should also consider that money can make things possible...
Perhaps one day sun will rise from the 'EAST'

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Chinese is a modern language with the longest history.