Why the West should not fear China

The multi-faceted story of China growth has been told in many ways.

Some see it as China Inc, the world's most successful mercantilist state, expanding at the rest of the world's expense. Another version features a rising revisionist power seeking to remake the global system in its own image. Yet another casts it as a retrograde political outsider, emboldened by economic steroids, that is doomed to suffer a systemic implosion.

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