There exists today no vaccine for the coronavirus now engulfing China.
The more Mr. Xi pursues his authoritarian agenda, the more distrust he will sow at home and abroad. Far from transforming Beijing into the world's leading superpower, his policies will instead keep China from taking its rightful place of honor in a peaceful, modern and integrated world.
This same lack of trust was behind the recent trade war between China and the U.S. The Americans are eager to trade with China.
Their fear, shared by many other nations outside China, is that once the door is open China will use its enormous economic heft to introduce its dishonest practices into the global trading system.
China itself could never have grown into a superpower in the past 40 years had it not adopted free-market practices and institutions from the West.
With what? Economic power? Yes, China is enormous, but if Chinese trade and investment stop working for the West, China's economic might will diminish.
Its leaders are betting that projects such as the Belt and Road Initiative, Huawei's advanced 5G wireless networks, and the Made in China 2025 industrial policy will ensure China's global supremacy in the decades ahead. Let's assume all these initiatives bear fruit.
https://www.wsj.com/articles/chinas-facade-of-stability-11582156842?mod=hp_opin_pos_3
The more Mr. Xi pursues his authoritarian agenda, the more distrust he will sow at home and abroad. Far from transforming Beijing into the world's leading superpower, his policies will instead keep China from taking its rightful place of honor in a peaceful, modern and integrated world.
This same lack of trust was behind the recent trade war between China and the U.S. The Americans are eager to trade with China.
Their fear, shared by many other nations outside China, is that once the door is open China will use its enormous economic heft to introduce its dishonest practices into the global trading system.
China itself could never have grown into a superpower in the past 40 years had it not adopted free-market practices and institutions from the West.
With what? Economic power? Yes, China is enormous, but if Chinese trade and investment stop working for the West, China's economic might will diminish.
Its leaders are betting that projects such as the Belt and Road Initiative, Huawei's advanced 5G wireless networks, and the Made in China 2025 industrial policy will ensure China's global supremacy in the decades ahead. Let's assume all these initiatives bear fruit.
https://www.wsj.com/articles/chinas-facade-of-stability-11582156842?mod=hp_opin_pos_3
No comments:
Post a Comment