The discussion, entitled “China and America: the New Geopolitical Equation,” will be held at 2:30 p.m. Thursday (Feb. 22) in the Senior Academy’s Great Room. It will analyze the rapid growth of China’s economy and America’s responses to China’s growing role in international outreach.
In the late 13th Century, China was the wealthiest country in the World. By the end of the 19th Century, China had declined to the point where it was no longer a world power. The late 20th century and early 21st century saw enormous growth so that China now has the largest share of the world GDP and within the decade will probably have the largest economy in the world.
Both Washington and Beijing have internal issues that pose significant challenges. In the U.S., Executive branch decision-making has been hampered by numerous unfilled positions and continued flux among high administration officials. In China, the economy is awash with corporate debt, there is excessive production capacity and the median age in China is increasing dramatically.
For the last 15 years, China has implemented a strategy of economic outreach and growth and has launched a major reorganization and expansion of its military. Beijing is also making substantial international infrastructure investments. Ironically, the current administration in Washington appears to be withdrawing from its global leadership role.
The U.S. faces significant policy decisions in its relationship with China. Should the US continue to develop multilateral trade relationships or should it develop bilateral agreements? Should the U.S. continue to maintain primacy in Asia or should it seek a balance?
Complicating the evolving relationship with China is the issue of North Korea and its newly developed nuclear capability.
Written by Neil Kochenour, Academy Village Volunteer