Friday, August 5, 2022

Commentary: China's rise is still not a given

China’s ability to face future challenges will be constrained by the fact that it’s still a developing country, says an observer.

By Henry Storey

15 Jul 2020 
[Note: The news article is two years old.]

MELBOURNE: When discussing the rise of China, a sense of inevitability often pervades.

China’s sheer population size and economic base will inevitably see it become the dominant regional power – or so the argument goes. China’s faster reopening from COVID-19 lockdowns has added to such arguments. [This was in early 2020. Situation has changed in 2022.]

But just how far will China rise? Given the price tag of Australia’s new defence posture – and the significant opportunity costs at a time when COVID-19 will stretch budgets – it is worth still asking the question.