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In this photo taken March 18, 2010, Chinese workers assemble sports shoes at a factory in Wenling in south China's Zhejiang province.

AP Photo

Analysis & Opinions - Harvard Business Review

How Big a Competitive Threat Is China, Really?

| February 29, 2012

"Is China becoming a serious economic competitor to the United States? Is China, in effect, a giant Japan?...For many reasons, China is unlikely to repeat Japan's success. Most important, China is developing in a far more challenging international environment than Japan faced in the second half of the 20th century. As a result, its economy will remain more compatible than competitive with America's for the foreseeable future."

Customers shop for vegetables at a supermarket in Hangzhou, China, 14 Oct. 2011. China’s inflation eased somewhat in September, but food costs, a major force behind price rises, remained stubbornly high by jumping 13.4 percent, the same as in August.

AP Photo

Policy Brief - Quarterly Journal: International Security

To Stay Ahead of China, Stay Engaged in Asia

| January 2012

"China narrowed the gap in terms of gross domestic product (GDP) and will likely overtake the United States as the world's largest economy sometime between 2015 and 2040. What matters for national power, however, is not gross wealth, but net wealth—the wealth left over after people are clothed and fed. China's 1.3 billion people produce a large volume of output, but they also consume most of it immediately, leaving little left over for national purposes."