January 22, 2024
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.
China continues to rise and seems bent on regional domination and international revisionism.
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. The chief near-term risk is not that Beijing’s ascent will fizzle, but rather that Washington will fail to muster the strength necessary for an adequate response.
Read the full article from The Washington Post.
More from CNAS
-
Thanks to Trump, Russia’s Own ‘Pivot to Asia’ Is Bearing Fruit
Commentary
If Washington wants to maintain its strategic position in Southeast Asia, it will need to do more than compete with China. It will also need to avoid handing Russia opportunit...
By Derek Grossman
-
Navigating the Currents: Sri Lanka’s National Security Debate in the New Indian Ocean Order
Commentary
Sri Lanka’s national security debate in 2026 is ultimately between whether the country can break from the institutional pressures that have constrained previous reform attempt...
By Keerthi Martyn
-
XI Jinping Looking to Bring North Korea Back Into China’s Orbit: Analyst
Video
Duyeon Kim, Adjunct Senior Fellow at the Center for a New American Security, says her sources have informed her that Beijing is unhappy with Pyongyang’s growing relationship w...
By Duyeon Kim
-
Does the Quad Still Matter?
Commentary
Under the second Trump administration, some analysts have expressed growing pessimism about the group’s effectiveness, given the president’s apparent lack of interest in atten...
By Lisa Curtis
