Daily Archives: October 23, 2021

Fourth Industrial Revolution

When Covid-19 hit China before it hit the rest of the world, the meme in the Western media called it China’s “Chernobyl moment.” China’s remarkable success in suppressing the pandemic put that to rest. But every hiccup in Chinese markets elicits new predictions of Chinese economic decline.

Stratfor’s George Friedman declares that “China’s power has been vastly overestimated” and that China will have to dial back its global ambitions due to straitened circumstances.

Hal Brands and Michael Beckley write in Foreign Policy that “the problem is that China is declining.” Since the late 2000s, they claim, “the drivers of China’s rise have either stalled or turned around entirely.”

Read more at “China marches on towards Fourth Industrial Revolution”

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