China's Communist Party on Tuesday marks the 70th anniversary of its 1949 revolution, and the fireworks and military parades will celebrate the country's rise to become the world's second largest economy.
Even its use of soft power via its Belt and Road initiative comes with the catch of excessive debt that has left China in control of foreign ports.
We are not among those who believe that China's economy must be decoupled from America's or that China must be "Contained" a la the Soviet Union.
The U.S. needs to co-exist with a rising China, cooperating when it makes sense but pushing back when China violates global norms.
How this drama turns out will depend more on how China's ruling Communist Party behaves.
China will prosper more if it plays by the rules of world order.
Worse is coming as the one-child policy the Party enforced for decades burdens China with a rapidly aging population.
https://www.wsj.com/articles/communist-china-turns-70-11569884258?mod=hp_opin_pos_1
Even its use of soft power via its Belt and Road initiative comes with the catch of excessive debt that has left China in control of foreign ports.
We are not among those who believe that China's economy must be decoupled from America's or that China must be "Contained" a la the Soviet Union.
The U.S. needs to co-exist with a rising China, cooperating when it makes sense but pushing back when China violates global norms.
How this drama turns out will depend more on how China's ruling Communist Party behaves.
China will prosper more if it plays by the rules of world order.
Worse is coming as the one-child policy the Party enforced for decades burdens China with a rapidly aging population.
https://www.wsj.com/articles/communist-china-turns-70-11569884258?mod=hp_opin_pos_1
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