China’s Crisis of Confidence
June 13, 2022
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What if the new era of great-power competition was over before it had even begun? Many of today’s fears about a multigeneration conflict with Beijing rest on linear extrapolations of yesteryear’s data, harkening back to a time when China appeared on track to supplant the United States as the world’s largest economy. Yet more and more signs point to a China that is fully unprepared for the competition with the United States it once sought.
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