The huge country is actually having its problems…
Trump’s tariff push will take things worst…
But we do NOT know how China will handle it’s issues as it moves forward…
Since the end of the Cold War, Beijing has viewed the United States as its chief geopolitical rival, yet official Washington has only recently awakened to this strategic competition. But as American observers start to see China’s ambitions more clearly, they have also begun to misdiagnose the challenges they pose. Political scientists are discussing “power-transition theory” and the “Thucydides Trap,” as if China were on the verge of eclipsing the United States in wealth and power, displacing it on the world stage. There are two contradictory problems with this view.
The first is that this is not how the Chinese themselves understand their rise. When Chinese President Xi Jinping calls for Chinese to realize the “China dream of national rejuvenation,” he is articulating the belief that China is simply reclaiming its natural political and cultural importance. China is not, as was once said of Imperial Germany after its unification, “seeking its place in the sun.” Rather, it is retaking its rightful place as the sun.
The second is that it’s an open question whether China will achieve rejuvenation in the face of both a seemingly stagnating economy and party factionalism. Xi is more powerful than his predecessors, but his rule is also more fragile. The Chinese Communist Party (CCP) has long faced a crisis of legitimacy, but Xi’s transformation of China into a high-tech police state may hasten this crisis. These factors combine to make China more dangerous in the short term but also less competitive in the longer term. This means that the People’s Republic of China perceives an opportunity for “great renewal” even as it will be less powerful than was expected.
A proper diagnosis of China, then, doesn’t lead to any easy categorization: Washington will have to deal with a powerful and wealthier China that is also experiencing probable economic stagnation and internal decay. This means that the PRC sees its chance at a “great renewal” even as it will be less powerful than was expected…..
image…scmp.com