Page:Trump on China - Putting America First (November 2, 2020).pdf/80

 At the time it was unthinkable that China would emerge after the Cold War as a near-peer competitor of the United States. And even then, there were signs of China’s immense latent power. In the joint report of their visit to China in 1972, House Majority Leader Hale Boggs and then minority leader Gerald Ford wrote: “If she manages to achieve as she aspires, China in the next half century can emerge as a self-sufficient power of a billion people… this last impression—of the reality of China’s colossal potential—is perhaps the most vivid of our journey. As our small party traveled through that boundless land, this sense of a giant stirring, a dragon waking, gave us much to ponder.” It is now nearly fifty years later and the pressing pondering as of these two congressmen have come to pass.



Deng Xiaoping, whose economic reform launched China’s remarkable rise had a famous motto: “hide your strength and bide your time.” That is precisely what China has done. China’s economy has quietly grown from about 2 percent of the world’s GDP in 1980, to nearly 20 percent today. And by some estimates based on purchasing parity, the Chinese economy