Rumors of China’s decline are premature and dangerous
Speaking in Davos, Switzerland, last week, Chinese Premier Li Qiang pitched his country as a solid investment destination. The Chinese economy, Li said, has “huge potential”, and choosing it “is not a risk, but an opportunity”.
His audience listened skeptically. After decades of unstoppable Chinese economic, demographic and military growth, the past two years have seen more trouble than triumphs. That has led some analysts to worry not about the rise of Chinese power but instead the irrevocable decline of China’s economy.
These fears are utterly premature. Worse, if they represent the assumptions on which U.S. policy is based, America will fail to rise to China’s challenge.… Seguir leyendo »