The rise of China: Threats, uncertainties, and opportunities

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Abstract
The attraction of China's enormous market is lending strength to its position in international negotiations, and China's high rate of economic development is serving to reinforce the legitimacy of its political system. But China's increasing defense expenditures, made possible by such economic growth, are heightening tension among neighboring countries who perceive China as a threat. Kiichi Saeki examines these positive and negative implications of China's rapid economic growth. Saeki is concurrently executive advisor to IIPS and vice president of the International Institute for Strategic Studies in Britain. He was formerly the president and chairman of Nomura Research Institute and president of the Defense College.

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