Is China Losing the Diplomatic Plot?
In 2016, China’s share of the global economy will be larger than America’s in purchasing-price-parity terms. And yet, after 30 years of geopolitical competence, the Chinese seem to be on the verge of losing it just when they need it most.
https://prosyn.org/b1u3rQ4
SINGAPORE – In 2016, China’s share of the global economy will be larger than America’s in purchasing-price-parity terms. This is an earth-shaking development; in 1980, when the United States accounted for 25% of world output, China’s share of the global economy was only 2.2%. And yet, after 30 years of geopolitical competence, the Chinese seem to be on the verge of losing it just when they need it most.