How Will We Know When China is Number One?

A look back a mere hundred years ago may give us some answers.  By Peter Harris, The National Interest It has been conventional wisdom for well over a decade that China is a rising power. The statistics on China’s current size and projections about its future growth have become such clichés that they scarcely warrant repeating. Suffice…

China Is Very, Very, Very, Very Big

By Noah Smith, Bloomberg Larry Summers and Lant Pritchett have written a paper predicting a Chinese growth slowdown. In 2013, Barry Eichengreen, Donghyun Park, and Kwanho Shin wrote a paper with much the same message, which accurately predicted the recent Chinese slowdown from about 10 percent annual growth to about7.5 percent. In fact, the most…