China’s PLA Needs Time, Money to Surpass US Military
Commentary The United States is the world’s No. 1 military power, while China is No. 3. To catch up with the United States, China will need to maintain a certain level of economic growth. However, given the slowing economy and the demographic challenge, the Carnegie Foundation expects China’s long-term GDP growth not to exceed 2–3 percent. “The world is entering a ...
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