Opinions

China’s Rise Hits a Wall

     Over the last decade or so, the tendency among China watchers has been to see China’s rise as an endless upward progression. Just as happened during the Cold War when the Soviet Union was viewed as a colossus that in fact had feet of clay, China’s economic and diplomatic successes are significant but often have been exaggerated, while its weaknesses have been ignored or underestimated. Only now, amidst bad news for China’s economy, have observers awakened to certain Chinese realities. […]