"So far, the world economy, particularly Australia and the United States, have benefited greatly from Chinese economic growth. This is likely to continue to be the case for some time... There is no real alternative to the United States as the global leader. China doesn't want the role. It would only divert its focus from its own development challenges. And to be frank, China would not be trusted by many countries, particularly in the , to be the global leader... Authoritarian state capitalism, seen today in China and Russia. While both countries have introduced elements of a market economy, private companies there operate side-by-side and at a significant disadvantage to state owned entities favored by government regulators. This mixed economy is not paralleled on the political side. What is emerging is an increasingly authoritarian political system with decreasing space for civil society, free media, and dissent. This model is attractive to authoritarian leaders around the world who see it as way to maintain power while still growing their economies."
Economy of China

January 1, 1970

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