The Illusion of Chinese Power

The belief that China is a global power is widespread, understandable, and wrong. 

Issue: July-August 2014

CONVENTIONAL WISDOM has it that the China juggernaut is unstoppable and that the world must adjust to the reality of the Asian giant as a—perhaps the—major global power. A mini-industry of “China rise” prognosticators has emerged over the past decade, all painting a picture of a twenty-first-century world in which China is a dominant actor. This belief is understandable and widespread—but wrong.

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