PS:TRADE WAR + COLD WAR =???
Deepening integration into the global economy has underpinned China’s phenomenal economic ascent. However, growing involvement in international trade and investment has opened significant vulnerabilities. According to Chinese authorities, more than twenty thousand of the country’s enterprises are located overseas and more than one hundred million of its citizens travel abroad annually. Dangers in distant lands menace the markets, resources and investments upon which China’s economy now depends. In the words of the country’s 2015 Military Strategy white paper, China has become “more vulnerable to international and regional turmoil, terrorism, piracy, and serious natural disasters and epidemics.”