I am not saying China has peaked. Far from it. China will do nothing but continue to grow in size and influence throughout the 21st century. The 21st century is the Chinese century (22nd century is India's).
What I am saying is the current reverence and awe for China and its seeming infallibility in the face of Western incompetence and decline reminds me of peak Japan back in the 80s. On the face of it China appears to have pulled off a seemingly perfect emergence.
Beneath the surface there are many cracks (overcapacity, overindebtedness) and with increasing commitments both at home and worldwide, China will be found to be fallible.
Just sayin!
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