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The US Must Accept China’s — Daniel Gros

Summary:
The conclusion is clear: The next US administration should accept China’s continued economic and technological rise. It may not like the idea of China overtaking the US – a milestone that will probably be reached within the next decade. But further attempts to stave off that outcome would be not only futile, but also very costly.Well, the real question is can American accept not being number one. Probably not. Thucydides trap on schedule.Project SyndicateThe US Must Accept China’sDaniel Gros | Director of the Centre for European Policy Studies

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The conclusion is clear: The next US administration should accept China’s continued economic and technological rise. It may not like the idea of China overtaking the US – a milestone that will probably be reached within the next decade. But further attempts to stave off that outcome would be not only futile, but also very costly.
Well, the real question is can American accept not being number one. Probably not. Thucydides trap on schedule.

Project Syndicate
The US Must Accept China’s
Daniel Gros | Director of the Centre for European Policy Studies

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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