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PS Commentators Respond: Could the “Chinese Century” Belong to India?

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Pranab Bardhan, Brahma Chellaney, Pinelopi Koujianou Goldberg, Yi Fuxian

From demographics to trade to GDP growth, China is currently struggling precisely where India seems to be thriving. At a time when the global economy’s center of gravity is shifting to Asia, we asked PS commentators whether India’s rising star will soon outshine China’s.

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    Joschka Fischer, Nancy Qian, Shang-Jin Wei, Stephen S. Roach, Joseph S. Nye, Jr.

    The rapid removal of zero-COVID restrictions in China has not only fueled a massive surge in infections; it has also generated precisely the kinds of economic headwinds it was supposed to ease. Yet China’s problems extend well beyond the jarring exit from its draconian pandemic-control policy, and doubts about its leaders’ ability to overcome them are mounting.

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The year 2022 was one of grim and grisly returns: the return of major war – and nuclear brinkmanship – to Europe; the return of high inflation and the threat of stagflation globally; and the return of famine, dire poverty, and other problems against which the developing world had been making steady progress. With all these developments poised to continue, the question now is whether solutions will be found to counter the forces of discord and disintegration.

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