Is China’s Economic Power a Paper Tiger?

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The People’s Republic of China has surely seen faster GDP growth than the United States for most of the past forty years

It’s the value of that growth that’s questionable.

Glyf 1aThe people complaining about U.S. decline in the face of China’s rise under President Obama have been replaced by new people complaining about the same thing under President Trump.

The debate over policy in the two administrations plainly matters, but it should not obscure basic facts.

The most important of these facts is that, in terms of total economic resources, China is not in America’s league and…

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