Tuesday, February 18, 2020

Reversal of Fortune

The Chinese century? Not so fast.
“Since Xi came to power, problem after problem have occurred on his watch that he seems unable to effectively manage,” says Jude Blanchette, a China analyst at the Washington-based Center for Strategic and International Studies. These include popular unrest in semiautonomous Hong Kong, a disruptive trade war with the U.S. and now an unfolding health crisis.
It took only a few months for the Hong Kong protests and the mishandling of the coronavirus outbreak to damage the perception of Chinese invincibility. Also, the trade war that would supposedly have no winners has so far caused more harm to China's economy than the U.S.'

Recent setbacks may well be temporary, and the Chinese are famous for playing the long game. But the century is not theirs yet.

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