How to Think About China: A Threat? A Partner? A Competitor?
Napoleon was uncommonly prescient more than 200 years ago when he described China as “a sleeping giant.” He added, “When it awakens, it will astonish the world.” As we all know, the Chinese, after a couple of bad centuries, are again wide awake.

China, which recently surpassed Japan as the world’s second largest economy, has increased its GDP at a rate of roughly 10 percent per year.
The tale of China’s recent “rise” is laced with dazzling statistics. In more than 30 years China has increased its GDP at a rate of roughly 10 percent per year, recently surpassing Japan as the world’s second largest economy.
As a global manufacturing hub, China is an exceptionally efficient producer of steel, ships, chemicals, and an amazing array of consumer goods. Its share of global trade has increased ten fold since 1978, and this year it supplanted Germany as the world’s largest exporter of goods.
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