Lost Decade – how the US fell behind in checking China
ft.com
ft.com
One way in which China can't compete is trying to be more attractive. This is the America's advantage that's there to stay. But in all other respects, only way out is to wait, until China is undone by demography, which again doesn't threaten America because it is very religious so likely to maintain higher birth rates than others, and very attractive so likely to keep high positive balance of migration both in quantity and quality. But until that starts playing out some 40 years from now, there's no way to "check" China's rise.