China can lead in 2017, even as a slowing economy tests its grip on domestic stability
Tom Plate says the coming year is likely to defy many pundits’ predictions about China and the US. For one, China can expect some instability in society, while Trump’s presidency won’t be bad news for bilateral ties
It is especially perilous to make predictions about the China-US relationship, one of the greatest Godzilla face-offs in recorded history. The world’s two most powerful nations do not always interact in predictable ways.
And now the Taiwan issue, until recently in semi-sleep mode, is again in play. The mainland economy’s growth is not as buoyant as it needs to be, given its billion-plus inhabitants.
And with China’s maximum leader still consolidating his power, while America’s new leader is about to take power (and figuring out “what the hell” the top job is all about), any wager one way or the other would seem a fool’s flutter. But making predictions “about the future”, despite the risk of embarrassment, is what we narcissistic humans do. So here I go – yet again.
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For China, most “experts” predict that the central government will effectively maintain stability – economic and political – at least through this year. This is, of course, quite the predictable prediction, telling us little; predictions so utterly predictable offer scant utility. As far as I can see, the only value in predicting anything at all is to illuminate the possibility of the unlikely. Such a mental effort – or, as physicists might say, “thought experiment” – can help us anticipate (perhaps even prepare for) the truly unpredictable.
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Wolf never believed that official figure and was certain that the structural stresses from “the persistent masses of unemployed and underemployed labour” would in time erode core stability, notwithstanding the central government’s many control programmes.
Today, with China’s growth rate at or under 7 per cent and probably at a lower point than at any time since 1990, it would thus be my best guess – my prediction – that 2017 will be a year notable for worrisome and observable instability on the mainland.
With China, as with the United States, I have no appetite to see either giant stumble. But history is not infrequently stormy, unpleasant and unpredictable.
I remember well Wolf saying to the effect that experts are good enough at interpreting and explaining the past – but are pathetic with forecasts. “Their testimony [about the future],” he’d drolly say, “is often wrong.”
As for China’s superpower dance partner, the experts haven’t been much better in predicting major developments in the US, whether the near-global depression of 2008-2009 or the outcome of the recent US presidential election (Wolf, by the way, was the only public intellectual I knew who predicted the unexpected Republican victory. This was back in May).
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The political prognosticator must not assume the inherent asininity of Trump’s every move; even a dumb broken clock, as they say, is right twice a day. China is hugely important to the United States. Anyone who does not know this is slacking around on another planet; so, managing to improve relations would put solid bedrock under his presidency.
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So China’s international image will improve even as its domestic stability declines (I’d wager a flutter or two on this).
That will especially be the case if Trump continues to embarrass himself with Russian President Vladimir Putin. Anyone who calculates Russia over China as the better bet for America needs to have his head examined. Come on, man! China is the future, Russia the past. Sure, this might seem a slight oversimplification. But that’s my prediction and I’m sticking with it.
Columnist and professor Tom Plate is the Distinguished Scholar of Asian and Pacific Studies at Loyola Marymount University and vice-president of the Pacific Century Institute