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Home » Military-Political

What Will Vice President Biden Find in China?

Submitted by on August 28, 2011 – 9:49 am No Comment
U.S. Vice President Biden speaks at the third annual U.S.-China Strategic and Economic Dialogue (S&ED) in Washington

In her latest post, my colleague, Liz Economy, asks:  What will Vice President Biden find in China?  I thought I’d try out my own response to this very direct question:

1.  Biden will find a China whose rise depends on economic growth but whose growth model is no longer sustainable.

Bluntly put, China’s leaders know that their capital-intensive, export-oriented approach is delivering diminishing returns and threatens to become a major political vulnerability for the government. The global economic crisis provided clear evidence that China’s export-driven economy is vulnerable to dips in demand in the rest of the world. Meanwhile, its dependence on investment has introduced distortions and imbalances into the Chinese economy.

Click source link to continue…

Source: Council on Foreign Relations  author - Evan A. Feigenbaum

My Comments:
I think the Chinese question is very much worthy of critical discussion.  I think, however, that the interconnectedness of global economics make China very much susceptible to all the effects faced by large economies such as Germany, Japan and the U.S.  Yes, the Chinese are moving quickly on many fronts, but to think that they will at some future date become the pre-eminent singular world power is somewhat foolish; besides, what does pre-eminence really means in such a connected world anyway.  

 

 

 

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