China Experts Assess Next Steps for U.S. Policy Toward Beijing

Transcript (partial)

RAY SUAREZ: And for more on that relationship, we turn to Kenneth Lieberthal, a senior fellow at the Brookings Institutions and former National Security Council staff official dealing with China in the Clinton administration, and Ted Fishman, a journalist, former trader, and adviser to companies operating in China. He’s the author of “China, Inc.: How the Rise of the Next Superpower Challenges America and the World.”

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Myth of China as a Superpower

Many people in the West believe that China is already a superpower, or will quickly replace the United States to become a superpower. A recent poll by the Pew Research Center reveals that 44 percent of Americans believe that China is the top global economic power, while in reality, China’s economy is barely one-third the size of the U. S. economy. This kind of misconception has engendered many unrealistic fears about China.

The truth is that China is not a superpower, and I doubt it will ever become one.

Fareed Zakaria, CNN host and Washington Post columnist, defined in his bestselling book The Post-American World that a superpower is a country that achieves dominance in ideas or ideology, an economic system, and military power. Continue reading

2008: The Year of China

On my way back from a family event in Chicago on January 2nd, I was drawn to the magazine rack in a convenient store in O’Hara airport. Among the stacked magazines, the following cover stories caught my attention:

What’s Next: China (Newsweek)

Can the world survive China’s rush to emulate the American way of life?(Mother Jones)

The Newsweek article is particularly interesting, as it provides a balanced view on China (although some insecurity and hostility are still inevitable). Here are some startling statistics cited by Fareed Zakaria for what’s happened to China in 2007: Continue reading