China is Losing the New Cold War by Minxin Pei - Project Syndicate

China is Losing the New Cold War by Minxin Pei - Project Syndicate: In contrast to the Soviet Union, China's leaders recognize that strong economic performance is essential to political legitimacy. Like the Soviet Union, however, they are paying through the nose for a few friends, gaining only limited benefits while becoming increasingly entrenched in an unsustainable arms race with the US.