Will the United States be number three in the new world order? In his forthcoming book, former journalist Hugh Peyman argues that it will: China’s economy has already surpassed that of the US by some measures, and India’s will do the same by mid-century. He also argues that “the Rest” more broadly will pose a growing challenge to the West, which in turn continues to underestimate the challengers.

Despite setbacks, the Chinese government is confident that the long-term positive trajectory of the country’s economy will continue uninterrupted. The effects of macroeconomic policy will continue to emerge, market demand will gradually recover and the supply structure will adjust.

Excessive Sino-American rivalry could be averted if strategists from the U.S. and China make rational assessments about the other side’s capabilities and limits - and can restrain themselves from pouncing on misperceived weaknesses.

If the recent shift from decoupling to de-risking amounts to a game of semantics, it will damage what little strategic mutual trust remains between China and the United States. It will only heighten concerns and raise costs for the business community.

Tianjin’s AMNC 23 conference provides positive news. It sent out strong signals that a revival of global growth is on the way and provided reassurance that the world is not moving into a lost decade.

Before Deng Xiaoping launched China’s reform and opening up, the People’s Republic was working to establish a self-sufficient economy. But after dec

Growing extreme partisanship in the U.S. has deadlocked the debt ceiling raising at a time when the U.S. Dollar is facing its greatest challenge as a global reserve currency. China has sought to increase cross-border transactions in the Chinese yuan and has signed more deals to achieve this with several countries. However, the yuan lacks global adoption of its currency and in alternative systems outside of countries that do significant direct business with China.

Brazil, South America’s leader in GDP, has made several moves indicating a willingness to work with China in the near future. The establishment of the BRICS, as well as President Lula’s recent visit to China, should alert the West as to how Brazil has been swayed by China and its offerings.

The country’s current slowdown in economic growth is a natural reflection of its development at an important moment. It has come to a point where efficiency and quality, rather than quantity, are what will really count in the long run.

American playwright and humorist George Ade coined the maxim, “the higher they fly, the harder they fall,” toward the end of the Gilded Age more tha