Mark Leonard

Two-Speed Superpower

Tiger Head, Snake Tails: China Today, How It Got There and Where It Is Heading

By

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China’s future has never been so difficult to predict. After a roller-coaster ride from Mao to market that has seen its economy grow to become the second largest in the world, dragging it into the political, diplomatic and military premier league, many in China are now debating where the country will go next. The turning point was the 2008 financial crisis. By hastening America’s decline, the crisis both boosted China’s power and raised questions about how much China could rely on Western consumption to drive its growth. As a result, the country finds itself at a crossroads, needing to rethink its economic, social and political models. 

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