I thinksomeofthesuccessesthougharelessobviousandonethat I wouldhighlightisthissystemofUSalliancesthatgotextendedafterWorldWarTwo, theUnitedStateshasofferedsecurityguaranteestodozensofnationsandthathashelpedcreatezonesofpeacearoundtheworld.
SothebottomlineistheChineseCommunistPartyisnotgoingtogodownwithout a fightanditcanfightlikehell.
Now, theonlywayyouwouldactuallyget a collapseoftheChineseCommunistPartyisifthereis a splitattheelitelevel, that's whathappenedpriortotheTiananmenSquaremassacre, whereyouhavehardlinersversusreformistsandthepartyalmostcollapsed.
But I thinkthatthechineseleaderisessentiallylearnedthelessonsofTiananmen.
Having a bigGDPisnotthesamethingasbeingreallywealthyorhaving a strongeconomy.
GDPjustmeasuresspendinganditwouldbesortoflikemeasuringthewealthof a familyifyoujustlookedattheircreditcardstatement.
Obviouslyjustbecauseyouspend a lotofmoneydoesn't meanthatyou'renecessarilyrich, chinadoeshave a lotofmouthstofeed 1.4 billionpeopleandnocountryhasrunupasmuchdebtaschinaoverthepastdecade.
I actuallythinkthereisgoingtobe a fairamountofwhatiscalleddecouplingbetweenthetwoeconomies.
It's goingtotakedecadesmostlikely.
But I thinkthere's beensomuchbadbloodstoredupbytherecenttradeconflictsthatbothcountriesnowarelookingforwaystoifnotentirelydisentangledatleasttrytowalkbacksomeoftheireconomicentanglementswillchinabecome a superpower?