The Age of Slow Growth in China
In an article for Foreign Affairs magazine, Rhodium Group partner Daniel Rosen examines the impact of China's slow economic growth for the US.
China’s rise is far from inevitable; in fact, a long-term economic slowdown is unfolding. Rather than willfully disregard this reality, the United States should talk about it. Policymakers across the world have taken Washington’s silence about the risks to China’s economic outlook as evidence that Chinese President Xi Jinping is telling it straight when he says that the CCP is in control and has a 100-year plan to put China on top. Exposing the far less rosy reality would temper China’s appeal to middle powers as a reliable security partner and draw attention to the systemic economic risks of partnering with China on development projects. China’s brand of lending to developing countries risks undermining governance, saddling countries with debt, and obscuring hard-learned lessons about economic liberalization.