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P.H. Yu — China Won’t Wait

Summary:
China’s rise is both unambiguous and unstoppable, whether the West likes it or not. Refusing to acknowledge reality will only generate more tension – and more risk, because failing to accommodate China will destabilize the rules-based order on which the world has come to rely.… The handwriting is on the wall, but in Chinese characters that few in the West seem to be able to read. Uh oh. Collision course.This post can be read as advice to the liberal West, or as a warning — or both.Project SyndicateChina Won’t WaitP.H. Yu | Chairman of the Council of the Institute of New Structural Economics at Peking University

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China’s rise is both unambiguous and unstoppable, whether the West likes it or not. Refusing to acknowledge reality will only generate more tension – and more risk, because failing to accommodate China will destabilize the rules-based order on which the world has come to rely.…
The handwriting is on the wall, but in Chinese characters that few in the West seem to be able to read. Uh oh. Collision course.

This post can be read as advice to the liberal West, or as a warning — or both.

Project Syndicate
China Won’t Wait
P.H. Yu | Chairman of the Council of the Institute of New Structural Economics at Peking University

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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