Has China's Power Peaked?

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2023-01-30 13:45:00

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Upcoming Debate January 30, 2023

Has China's Power Peaked?

This was supposed to be the “Chinese century.” In just a few decades, China transitioned from a developing economy to the world’s second-largest. Measured in purchasing power parity, it actually surpassed the U.S. economy in 2014, and has since expanded its military, monetary, infrastructure, and soft power capacities in ways that all seemed to point to long-term advantages as a rising power. At the Communist Party’s five-yearly congress in October 2022, Xi Jinping cemented his place as the country’s “helmsman” and its most powerful person since Mao Zedong, with an unprecedented third term as party chief. And yet the failure of China’s zero-COVID policy, a slumping economy, apparent supply chain vulnerabilities within its technology sector, and a problematic demographic profile have all raised questions about the scope of China’s future power. Those who say it has peaked say the Chinese system is facing significant economic headwinds, uneven innovation, a heavy debt burden, as well as mounting frustrations among its younger populations with regard to upward mobility and censorship. Those who say it hasn’t peaked argue that while the nation’s economic growth has indeed slowed, massive Chinese spending in infrastructure, defense, and technology will nonetheless allow it to enlarge its global power projections well into the future. Against this backdrop, we debate this question: Has China’s Power Peaked?

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Press are invited to attend the live virtual taping on Monday, January 30 at 1:45 PM EST. Media can email raypadgett@shorefire.com for virtual access.