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Paul Kennedy posits that continued deficit spending, especially on military build-up, is the single most important reason for decline of any great power. The costs of the wars in Iraq and Afghanistan were as of 2017 estimated to run as high as $4.4 trillion, which Kennedy deems a major victory for Osama bin Laden, whose announced goal was to humiliate America by showcasing its casualty ...
January 3: Reuters reported that in December 2019 the American manufacturing sector fell into its deepest slump in over a decade, attributing the decline to the U.S.-China trade war. [202] January 15: U.S. President Donald Trump and China's Vice Premier Liu He signed the US–China Phase One trade deal in Washington DC.
The terminology is revealing. It is only possible to lose something that one owns. The tacit assumption was that the U.S. owned China, by right, along with most of the rest of the world, much as postwar planners assumed. The "loss of China" was the first major step in "America's decline." It had major policy consequences. [1]
China last month mounted its largest show of force around Taiwan in almost 30 years, with more than 90 naval or paramilitary vessels and dozens of aircraft operating in the air and waters around ...
Not only is China no longer the world’s most populous country; it’s actually seeing population decline that could, according to UN estimates, see the country’s population fall to less than a ...
According to some economists, China's economy is on track to overtake the U.S. by 2040; ten years later, India will also outstrip America. Economic strength requires a strong manufacturing base ...
By 2018, Michael Beckley counted hundreds of books and thousands of articles envisioning the decline of the US, the rise of China and the multipolar world, and outlined an element common to these works—they all relied on gross indicators of power, such as GDP or military spending. These are the same indicators that made China look like a ...
Chinese predictions of America’s decline aren’t new. In 1991, Wang Huning, a senior leader of China’s Communist Party, published a book titled “America Against America,” recounting his ...