Description

China’s domestically driven economic expansion is not limited by export markets and can sustain high single-digit growth rates for decades.
Beijing now seems likely to overcome potential stumbling blocks such as economic instability, pollution, inequality, corruption, and a slow pace of political reform.
China’s economic size will match America’s by 2035 and double it by midcentury, with unclear but potentially wrenching strategic implications that demand U.S. economic and military reassessment.
American policy makers should take this opportunity to enact wide-ranging domestic reforms and rethink their inherited concepts of global order.