China Stephen Roach News Today

The Chinese and U.S. economies have been locked in an uncomfortable embrace since the late 1970s. Although the relationship initially arose out of mutual benefits, in recent years it has taken on the trappings of an unstable codependence, with the two largest economies in the world losing their sense of self, increasing the risk of their turning on one another in a destructive

In 1890, an undistinguished U.S. Navy captain published a book that would influence generations of strategists. Alfred Thayer Mahan’s The Influence of Sea Power Upon History, 1660–1783 posited that great nations need potent, blue-water navies backed by far-flung naval bases to project power around the globe. His work was so influential that Kaiser Wilhelm II of Germany pledged