Has China Peaked?
Are China's aggressive actions in the Himalayas and the South China Sea acts of growing desperation or acts of growing confidence. The former I think.
Over the past year or so, China has made a series of bold moves across the Indo-Pacific region—moves that seem to reflect a growing confidence in Beijing that China’s moment has arrived. Those moves include aggressive actions along the border with India, continuing efforts to assert sovereignty over the South China Seas and the finalization of a new strategic partnership agreement with Iran. In addition, Beijing has carried out a crackdown on democracy in Hong Kong and dropped the word “peaceful” from its annual call for unification with the island democracy.
Taken together, Chinese actions seem to suggest that Beijing believes it is now powerful enough that it can finalize its bid for regional, perhaps even global, hegemony. In short, Beijing’s actions seem to suggest that China’s leadership has come to believe that China is no longer merely a rising power, but a rising power whose time has come.
But what if this is wrong? What if China is not a rising power? What if China is, instead, a once-rising power that is now faltering? What if what we are seeing in connection with the Himalayas or the South China Sea are not acts of growing confidence, but acts of growing desperation? And what if the prospect of further faltering and accelerating desperation inclines China’s leaders to act now to reshape the global order in their favor because they believe that in the future they will be increasingly less able to do so?
Read the entire article at the link.First, and in some ways most profoundly, China is simultaneously shrinking and growing old. As a result of the one-child policy and its cultural hangover (despite raising the limit in 2016 is two children, the cultural norm is still one), the country’s population declined in 2018 for the first time since the famines caused by the “Great Leap Forward” in the 1960s. While that may have been a blip, the long-term trend is not.
The Chinese Academy of Science predicts that China’s population will peak at 1.4 billion in 2029, drop to 1.36 billion by 2050, and shrink to as few as 1.17 billion people by 2065. Ominously, if fertility continues to drop from its current rate of 1.6 children per woman to a realistic 1.3, China’s population would be reduced by about 50% by the turn of the next century.
And the composition of that population will also change in significant ways. Most significantly, the population will continue to get older.