Much of what drives America’s current phobias regarding China stems from the dual -- and fantastically linear -- assumptions of America’s terminal decline and China’s perpetual ascension. We are thus led to believe that China no longer needs the United States and that America, in turn, can do nothing -- short of increasing military pressure -- to constrain the Middle Kingdom’s rise to global hegemony. On all scores, nothing could be further from the truth. China and the United States suffer a level of strategic interdependency that is vast and shows no signs of reduction. Simply put, America cannot stay rich without China, and China cannot get rich without America.
Read the entire post at World Politics Review.