Three decades ago the People’s Republic of China was an economic backwater. Today the PRC sports the world’s second-largest economy. Shanghai most dramatically illustrates the country’s transformation.
The city is filled with stylish office buildings, five-star hotels, luxury stores and foreign visitors.Reflecting their success, the Chinese are increasingly confident as well. If not yet a great power, the PRC seems destined to eventually share global leadership with the United States. And its people know that.
Which means future U.S.-China relations could be rocky.
Ties turned confrontational under the Obama administration, which announced a “pivot” or “rebalance” to Asia.