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China hasn’t won yet

The rising power is squaring up to the west. But it could still be undone by its top-down model

By George Magnus   July 2018

From Prospect's June 2018 cover. George Magnus responds here

Away from the daily news about America’s spats with China over trade and technology, we know one thing at least: the world’s two biggest economies are locking horns for the foreseeable future and, like it or not, the rest of us will be drawn in. We are witnessing a sharp divergence in the ways of the world. On one side is China’s model of authoritarian state capitalism in a Leninist structure with the Communist Party at its heart. On the…

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