Derek Scissors writes: While official GDP growth slowed, in perfectly orderly fashion, China’s macroeconomic performance is in fact generally stronger than a year ago. But the country is very far from being rich, and already massively overleveraged. – AEI Ideas
Richard Fontaine and Mira Rapp-Hooper write: Eventual Chinese leadership would not be akin to America assuming Britain’s former role after World War II. Instead it would lead to a world likely less prosperous and certainly less free. At the end of the Obama era and the dawn of the Trump administration, U.S. staying power is in question, and China has begun to sketch out one alternative future of global leadership. Most of the rest of the world, and Americans themselves, would do better to stick with the American version. – Wall Street Journal (subscription required)
Derek Scissors writes: While official GDP growth slowed, in perfectly orderly fashion, China’s macroeconomic performance is in fact generally stronger than a year ago. But the country is very far from being rich, and already massively overleveraged. – AEI Ideas
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