January 22, 2024
Rumors of China’s Decline Are Premature and Dangerous
Speaking in Davos, Switzerland, last week, Chinese Premier Li Qiang pitched his country as a solid investment destination. The Chinese economy, Li said, has “huge potential,” and choosing it “is not a risk, but an opportunity.”
His audience listened skeptically. After decades of unstoppable Chinese economic, demographic and military growth, the past two years have seen more trouble than triumphs. That has led some analysts to worry not about the rise of Chinese power but instead the irrevocable decline of China’s economy.
China continues to rise and seems bent on regional domination and international revisionism.
These fears are utterly premature. Worse, if they represent the assumptions on which U.S. policy is based, America will fail to rise to China’s challenge. The chief near-term risk is not that Beijing’s ascent will fizzle, but rather that Washington will fail to muster the strength necessary for an adequate response.
Read the full article from The Washington Post.
More from CNAS
-
Global Leaders Condemn Pahalgam Terror Attack
In the wake of the Pahalgam terror attacks, global leaders, including Trump and Macron, condemned the violence and expressed solidarity with India. As calls for justice grow, ...
By Lisa Curtis
-
Ziemba: Struck By Energy Deal Between India & Saudi Arabia
Saudi Arabia and India have agreed to deepen energy ties and cooperate more closely on tourism and technology as the countries seek to strengthen relations at a time of turbul...
By Rachel Ziemba
-
Trump’s Crackdown on Foreign Students Is a Gift to China
When top global talent no longer sees America as a stable, long-term bet — in light of both visa and research funding insecurity — many will vote with their feet....
By Jordan Schneider
-
Trump Administration Realises That The Tariff Strategy Has Backfired: Lisa Curtis
Trump administration realises that the tariff strategy has backfired, says Lisa Curtis, senior fellow and program director at the Center for a New American Security.Watch the ...
By Lisa Curtis