America Can’t Stop China’s Rise
foreignpolicy.com
foreignpolicy.com
https://www.advisorpedia.com/growth/we-have-met-the-enemy-an...
https://library.osu.edu/site/40stories/2020/01/05/we-have-me...
That being said if we were to assess this seriously, the premise itself makes no sense. No country needs to stop China's rise as their economy is already stalling and showing signs of decline.
A better article here would actually assess U.S. foreign policy and whether it had any impact on China's economy stalling (or if that is truly just a byproduct of other factors).
By some estimates China has been overstating GDP growth and massively understating their military expenditure as a percentage of GDP. This means that for the past decade China may already have spent more than they can afford on a nonproductive area of the economy. One could rightly say that America is also spending like drunken sailors on defense, but the difference is that America issues the world’s reserve currency and can easily monetize its deficit, a luxury that few countries, including China, have.
People like Bradley Schurman and Peter Zeihan lay it out in pretty simple terms to show China is essentially doomed (demographic collapse, etc).
Ray Dalio lays it out pretty clearly that we are due for an empire shift, and looking at his ~18 graphs, China is pretty clearly the successor.
I get the feeling that one of the sides is a metaphorical Peter Schiff. Convincing in small doses, but it’s all the same gold perma-bull schtick.
The Chinese are resisting similar treatment but they have other problems that will slow them down, demographics of not enough young workers being a good example.