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America’s Emulation of China Calls for New Rules
CAMBRIDGE – It is common to think of US-China tensions as the inevitable result of stark differences between the two countries. The United States has a fully capitalist market economy, whereas the Chinese government keeps a strong hand on the economic tiller. For all its faults, the US is a democracy, whereas China is a single-party regime that brooks no political challenge. Though the US remains the world’s most powerful country, China’s growing economic and geopolitical might........
© Project Syndicate
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