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As one of the world’s oldest civilizations whose comprehensive national power has rapidly risen, China has the right to play a leading role in shaping the global order. Beijing’s current unilateralism, however, is likely to limit China’s global possibilities.
The EU’s policy of non-recognition and engagement in the South Caucasus has been modestly successful and may offer useful lessons for other parts of Eastern Europe.
In a world retreating from free trade, raising household consumption may be the only meaningful way to reverse China’s depdendence on debt to spur GDP growth.
It could well be that while politicians dithered over possible solutions on how to pay for an aging society, medicine, and the marketplace came up with another idea—having an aging society help pay for everyone else.
The likelihood of North Korean nuclear and missile tests over the next six months is fairly high if the Trump administration continues the Obama administration’s unsuccessful approach of “strategic patience.”