Opinions
China’s Way Out in an Intensifying Power Competition Game
In this globalised world, it isn’t showing strength in an arms race which determines the position and destiny of a great power, but rather having the most advantageous industrial structure and policies, high technology, and the broadest market. The most essential facet of the ongoing strategic competition between the US and China is that it is a race between a power that is trying to recapture its dominance of an entire industry value chain and another which is implementing proactive industrial upgrades.