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Systemic competition: China’s challenge to the West in 2021 and beyond
This year marks the centenary of the founding of the Communist Party of China. By its end, Beijing wants to have built a “moderately prosperous society.” In parallel, President Xi Jinping seems ready to embark on an all-out contest between statist China and the liberal Western economies. While the Middle Kingdom will face many challenges along the way, it is off to a good start.