Word: reals
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...richer, it would become more supportive of American interests - isn't working out either. What the U.S. needs is a new strategy. It should be one that takes a ruthless defense of American interests as a starting point, since without that, no strategy is sustainable. It must reflect a real understanding of the levers of power in Beijing and the psychology of the Communist Party leadership. And it has to unite us with our allies, both as a way of blunting China's instinct to play us off one another and because much of China's beef is with...
...pair 9/11 with what they call 9/14 - the day news broke of Lehman Brothers' 2008 collapse - as mileposts of Western decline. There is a sense of American haziness that is reinforced by the fact that our leaders have often shown only a rudimentary understanding of what we might call Real China - the harsh, smashmouth China familiar to anyone who works in its streets and corridors of power. This is the China that has grown for 30 years at an average rate of some 10% a year with no rule of law. It is a very different place from the polite...
...better, Chinese wonder, to redesign it? Some of the questions China has started asking about the world system are ones we should be asking too. This isn't to say we should give in to China's sometimes unreasonable demands. But we should admit that our real challenge isn't making room for China. It's thinking about the global system...
...China could try to reshape the global order alongside the U.S., in ways that help by supporting American economic recovery, defining new norms on proliferation, cooperating on computer security. Or it could undermine the U.S. - and its allies - in each of these endeavors. Accepting this indeterminacy will be a real challenge. For it is possible to assemble the facts of what China is doing into different narratives. When a research institute in Sichuan publishes a piece on vulnerabilities in the U.S. electrical grid, for example, is it just academic curiosity or something darker? Is China's accumulation of U.S. debt...
...Here's an example of where China wants to both secure its interests and avoid conflict. The real puzzle about China's currency isn't just the value of the renminbi. It is, rather, how open China will be to flows of money. China has three choices: it can remain unplugged from the global system, it can plug in gradually, or it can say, We're the largest developing country in the world and everyone wants to invest here, so we're going to make our own rules. This is the sort of challenge China will pose in many areas...