Magazine April 6, 2009, Issue

Eastern Exposure

(Roman Genn)
The economic downturn will be much worse for China than for America

Wen Jiabao was confident, even smug, at the World Economic Forum in Davos this year. The Chinese premier relished criticizing America’s “unsustainable model of development” and touting his own country’s prospects. He was not alone in his views. The dominant narrative about the global economic crisis is that it will hasten American decline and accelerate Chinese ascendancy; some now speak of a “Beijing consensus.” This view is mistaken, and the opposite is more likely to be true: No national economy is more vulnerable in the current crisis than China’s.

The crisis will be especially deep and unusually long. We experienced a …

Gordon G. ChangMr. Chang is the author of Nuclear Showdown: North Korea Takes On the World. He lived and worked in China and Hong Kong for almost two decades.

In This Issue

Articles

Features

Books, Arts & Manners

Books

Shelf Life

According to David Rooney’s new guide to Knox’s works, the book Knox wanted on the desert island was a Bradshaw railway schedule, next to the Bible.

Sections

The Week

The Week

Somebody should advise the suave diplomats in the Obama administration that the most reassuring symbol of U.S.-Russia relations isn't a big red button.
Happy Warrior

Old School

Maybe the president can spend enough of our money to halt the degradation of infrastructure. The degradation of citizenship will prove harder to reverse.