Opinion | The Cold War With China Is Changing Everything - The New York Times - 0 views
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Governing during this era will require extraordinary levels of experienced statesmanship — running industrial programs that don’t become bloated, partially deglobalizing the economy without setting off trade wars, steadily outcompeting China without humiliating it. If China realizes it is falling further behind every year, then an invasion of Taiwan may be more imminent.
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Miller was asked what were the odds that over the next five years a dangerous military clash between the United States and China would produce an economic crisis equivalent to the Great Depression. He put the odds at 20 percent.