Not long ago, Japan stood where China does today: top threat to America’s title as the world’s preeminent economic power.
If anything, China’s demographics are even more severe.
China is also staring at population loss on a historic scale, with some studies showing China’s population nearly halving over the next 45 years.
As author Hal Brands posits in his book The Danger Zone a declining China may be even more aggressive and prone to risk-taking than a rising one, as the window of opportunity to achieve its ambitions closes.
Magnifying the pressure, Xi Jinping, who has cast himself in the role of a great man of destiny and compelled others to as well, has stoked the fires of Chinese nationalist sentiment to a fever pitch.
At this point, though, the future is still uncertain.
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