The armed forces champion a form of capitalism that is generating revenue, but its reliance on rent faces diminishing returns, leaving the country with massive sunk costs and deferred returns, deepening dependency on external borrowing.
Yezid Sayigh
See what these leading experts have to say on such key questions as, are the United States and China on a collision course? And, what are the economic and strategic implications of China's transformation?
Source: Foreign Policy, January/February 2005

The report is based on the Carnegie conference, "China's Peaceful Rise?” held in the fall of 2004. Click here for speaker biographies, videos, and transcripts of that event.
The Once and Future China by Jonathan Spence
Clash of the Titans by Zbigniew Brzezinski and John Mearsheimer
Why is China Growing So Slowly by Martin Wolf
A Grand Chessboard by Ashley Tellis
Lifting All Boats by Homi Kharas
Dangerous Denials by Minxin Pei
Click on the link above for full text of this report.
Jonathan Spence
Zbigniew Brzezinski
Dr. Zbigniew Brzezinski served as national security adviser to President Jimmy Carter from 1977-1981. He is the author of several acclaimed books on foreign policy, most recently, Strategic Visions: America and the Crisis of Global Power.
John Mearsheimer
Martin Wolf
Former Senior Fellow
Ashley J. Tellis was a senior fellow at the Carnegie Endowment for International Peace.
Homi Kharas
Former Adjunct Senior Associate, Asia Program
Pei is Tom and Margot Pritzker ‘72 Professor of Government and the director of the Keck Center for International and Strategic Studies at Claremont McKenna College.
The armed forces champion a form of capitalism that is generating revenue, but its reliance on rent faces diminishing returns, leaving the country with massive sunk costs and deferred returns, deepening dependency on external borrowing.
Yezid Sayigh
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Michael Young
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