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Chinese Exceptionalism
May 10, 2024
Any way you care to measure it, the United States has the world’s largest economy. It is not, however, the fastest-growing economy. And growth rates matter because, other things being equal, a faster-growing economy might eventually challenge US leadership. China is doing so now. Where is this going? That was a frequent topic at this year’s SIC.
The US and China aren’t simply “rivals” in the Cold War sense. Our two countries are each other’s customers, suppliers, and competitors, all at the same time. Both are immersed in a boiling pot of economic, business, and geopolitical ingredients.
Understanding this mixture is a tough and maybe impossible task. Even experts see things differently. Nevertheless, at SIC I pulled together a China panel with three distinct viewpoints. I did that because I knew they would clash on some points and agree on others.
That’s exactly what happened, and far more effectively than I expected. Emily de La Bruyère, Louis Gave, and Lyric Hughes Hale revealed angles I had never considered, even though I’ve been watching China’s rise for decades. Whatever you think you know about China, they’ll make you see it differently. And then the final panel focused on China. In general, China was probably the most discussed topic for this year’s SIC.
This is important even if you have no interest in Chinese investments… because in fact, you are invested in China, either directly or indirectly.
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SIC 2024 is over... Now what? |
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