The US has failed to understand China

China is such a giant player in the global economy that understanding how the US-China contest of the century for international primacy will evolve has become crucial. Some Westerners, especially those in the United States, feel so threatened that they have resorted to protectionism, with global fragmentation and perhaps even preparations for a third world war already in the cards. Kishore Mahbubani’s book Has China Won? highlighted deep misunderstandings and structural tensions between China...