My Take | Time for a grand bargain between China and the US
- Washington must recognise the domestic legitimacy of “communist” rule. Beijing should acknowledge US leadership and contributions in sustaining the global liberal order
Extreme poverty has been eliminated or at least rendered insignificant. By some quantitative measures, China is already the biggest economy in the world, though on a per capita basis, it still has a long way to go to achieve developed-country status. The country is at peace and stable; and whatever terrible crimes the communist state had committed in the past, it now enjoys unprecedented popular support and legitimacy among mainland Chinese.
The country faces great challenges internally, such as an ageing population, slowing economic growth and ecological disasters. But today, its greatest existential challenge is from the West, led by the United States.
Just as the Western powers and Japan hastened the decline and fall of the Qing dynasty and Republican China in the 19th and early 20th century, so almost the same Western powers are challenging the country today.
Putting aside high-minded Western rhetoric and principles, this is, perhaps, in the nature of international relations and par for the course for the West. They went after China when it was weak, now it goes after China when it has become strong and is posing a challenge.