FINANCIAL TIMES – The Chinese elite are convinced that the United States is in irreversible decline. So reports Mr Jude Blanchette of the Centre for Strategic and International Studies, a respected Washington-based think-tank. What has been happening in the US in recent years, particularly in politics, supports this perspective. A stable liberal democracy would not elect Mr Donald Trump – a man lacking all necessary qualities and abilities – to national leadership.
Nevertheless, the notion of US decline is exaggerated. The US retains big assets, notably in economics.