Harnessing China’s new capitalism – Bruce Grant

From The Age:

Svoped Narrowweb  300X365As the United States shows signs of weakness – budget and current account deficits and an extended military – China is growing stronger. An important question arises: will China become a counterweight to the United States, in regional and perhaps even global politics?

Henry Kissinger, an old China-watcher, once remarked that China seeks its objectives by careful study, patience and the “accumulation of nuances”. Some nuances have shown up lately.

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