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Has China Won?: The Chinese Challenge to American Primacy

Kishore Mahbubani

Top 10 Best Quotes

“the weaponizing of the US dollar has created a powerful global incentive to create an alternative currency for global trading purposes.”

“While China projects an image of being a stable and predictable member of the global multilateral order, America, under Trump, is increasingly perceived as a chaotic and unpredictable actor.”

“When the dollar is no longer the dominant global reserve currency, the biggest victims would be American financial institutions, as a lot of their revenues and profits come from the global acceptance of the US dollar.”

“When China built walls and cut off communication with the rest of the world, it fell behind. When China opened up to the world, it thrived. To guarantee its continued long-term success, China should completely abandon its two-thousand-year-old Middle Kingdom mentality and decide to become the most open society in terms of economic engagement with the rest of the world.”

“Unlike the Soviet Communist Party, it is not riding on an ideological wave; it is riding the wave of a resurgent civilization, and that civilization has proven itself to be one of the strongest and most resilient civilizations in history.”

“Unfortunately, as Chinese policymakers saw America as a fallen giant, they displayed arrogance when dealing with America in the immediate aftermath of the global financial crisis.”

“Two thousand years of Chinese history have created a strategic culture that advises against fighting unnecessary wars in distant places. The likelihood therefore is that, while China’s strategic weight and influence in the world will grow significantly, it will not behave as an aggressive and belligerent military power.”

“There were at least three major contributing factors to this alienation: the relative political autonomy of provincial and city chiefs, the hubris China experienced after the 2008–2009 global financial crisis, and the relatively weak central leadership in the 2000s.”

“The long two-thousand-year record of Chinese history clearly shows that China is fundamentally unlike America as it is reluctant to use the military option first. It is also fundamentally different from America in another regard. It does not believe that it has a “universal” mission to promote Chinese civilization and encourage everyone else in humanity to emulate it.”

“The common cause of the massive blindness of the Chinese officials in the nineteenth century was a huge Chinese philosophical assumption that China was a great self-sufficient Middle Kingdom that did not need to engage the world. As the Chinese emperor Qianlong famously told Lord Macartney, China had everything it needed. It didn’t need the rest of the world. That painful century of humiliation finally led to China opening up.”

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Book Keywords:

america, china, politics

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