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<div style="text-align: center;" align="center"><span style="font-size: 16px; font-weight: normal; font-family: Calibri, Helvetica, Arial, sans-serif;">In conversation with</span></div>
<div style="text-align: center;" align="center"><span style="font-size: 20px; font-family: Calibri, Helvetica, Arial, sans-serif;">Michael Schuman</span></div>
<div style="text-align: center;" align="center"><span style="font-weight: normal; font-family: Calibri, Helvetica, Arial, sans-serif;">Superpower Interrupted</span></div>
<div style="text-align: center;" align="center"><br></div>
<div style="text-align: center;" align="center">
<span style="font-size: 16px; font-weight: normal; font-family: Calibri, Helvetica, Arial, sans-serif;">Click </span><a href="http://www.insideasiapodcast.com/superpower-interrupted-w-michael-schuman/" rel="noopener noreferrer" target="_blank" style="font-size: 16px; font-family: Calibri, Helvetica, Arial, sans-serif; color: rgb(207, 143, 18); font-weight: normal; font-style: normal; text-decoration: underline;">here</a><span style="font-size: 16px; font-family: Calibri, Helvetica, Arial, sans-serif; font-weight: normal;"> to listen to the full </span><span style="font-size: 16px; font-family: Calibri, Helvetica, Arial, sans-serif; font-style: italic;">Inside Asia</span><span style="font-size: 16px; font-family: Calibri, Helvetica, Arial, sans-serif; font-weight: normal;"> episode</span>
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<div><span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;">Prior to the Coronavirus outbreak, the greatest force in this part of the world was China. </span></div>
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<div><span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;">It’s awesome 40-year sprint to rise from economic backwater to leading nation is the stuff of legend. For the longest time, it was a tale of economic prowess and an apparent embrace of free-market enterprise. A sign, perhaps, of China’s joining the economic league of nations. But appearances can be deceiving. The Middle Kingdom may have a plan of its own.  </span></div>
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<div><span style="font-size: 16px; color: rgb(0, 0, 0); font-weight: bold; font-family: Calibri, Helvetica, Arial, sans-serif;">China's Not So Hidden Ambitions</span></div>
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<span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;">The past few years suggests as much. Under the leadership of Xi Jinping, China is flexing some newfound geopolitical muscle marked by ambitious plans that speak of global expansion and smack of hubris. Two programs in particular - The </span><a href="http://english.www.gov.cn/beltAndRoad/" rel="noopener noreferrer" target="_blank" style="font-size: 16px; color: rgb(54, 97, 189); font-family: Calibri, Helvetica, Arial, sans-serif; font-style: italic; font-weight: normal; text-decoration: underline;">Belt and Road Initiative</a><span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;"> and </span><a href="http://english.www.gov.cn/2016special/madeinchina2025/" rel="noopener noreferrer" target="_blank" style="font-size: 16px; color: rgb(54, 97, 189); font-family: Calibri, Helvetica, Arial, sans-serif; font-style: italic; font-weight: normal; text-decoration: underline;">Made in China 2025</a><span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;"> have received the lion’s share of attention. But there are dozens of others that reveal China’s lurking ambitions. From infrastructure to artificial intelligence, this country of 1.4 billion is on the march. </span>
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<span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;">Into this vacuum comes my guest, </span><a href="https://www.linkedin.com/in/michael-schuman-5a06171/" rel="noopener noreferrer" target="_blank" style="font-size: 16px; color: rgb(54, 97, 189); font-family: Calibri, Helvetica, Arial, sans-serif; font-weight: normal; font-style: normal; text-decoration: underline;">Michael Schuman</a><span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;">. He’s a long-time journalist with </span><span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif; font-style: italic;">The Wall Street Journal</span><span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;"> and </span><span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif; font-style: italic;">Time</span><span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;"> magazine, and author of several books. His latest: </span><a href="https://www.amazon.com/Superpower-Interrupted-Chinese-History-World-ebook/dp/B07YSN3XLH/ref=sr_1_1?dchild=1&keywords=superpower+interrupted&qid=1587461667&sr=8-1" rel="noopener noreferrer" target="_blank" style="font-size: 16px; color: rgb(54, 97, 189); font-family: Calibri, Helvetica, Arial, sans-serif; font-style: italic; font-weight: normal; text-decoration: underline;">Superpower Interrupted</a><span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;">. The title says it all. </span>
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<div><span style="font-size: 16px; color: rgb(0, 0, 0); font-weight: bold; font-family: Calibri, Helvetica, Arial, sans-serif;">A Renewed Dynastic Narrative</span></div>
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<div><span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;">Over the past seventy plus years, Communist rhetoric has served its purpose, flushing the system of old thinking to make way for the new. In the late 70s, Deng Xiaoping famously introduced “socialism with Chinese characteristics,” as a means of justifying a degree of market economics. That let loose one of the greatest periods of economic expansion the world has ever seen. </span></div>
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<span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;">China catapulted to </span><a href="https://en.wikipedia.org/wiki/International_rankings_of_China" rel="noopener noreferrer" target="_blank" style="font-size: 16px; color: rgb(54, 97, 189); font-family: Calibri, Helvetica, Arial, sans-serif; font-weight: normal; font-style: normal; text-decoration: underline;">number one</a><span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;"> in manufacturing, exports, e-Commerce, car production. The list goes on. Today, the Middle Kingdom is a force to be reckoned with. The means, some believe, have justified the ends. And if bending a few definitions on what it is to be Communist is the price to pay, so be it.</span>
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<div><span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;">Now there’s a new narrative afoot, and it sounds like the re-kindling of a dynastic order. Promulgated by its leaders, pride in the past is to some degree in competition with more complacent Communist rhetoric. Whether this is a carefully orchestrated plan to reframe China as a country re-establishing its rightful place, or a bubbling up of cultural pride, is difficult to say. “Increasingly,” writes Schuman “the Communist regime is morphing into a new kind of dynasty."</span></div>
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<div><span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;">This raises an interesting question. If, indeed, China sees itself this way, it doesn’t mean the rest of the world has to agree. Superpower status comes with certain expectations, not least of which is the ability to reshape the world order.</span></div>
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<div><span style="font-size: 16px; color: rgb(0, 0, 0); font-weight: bold; font-family: Calibri, Helvetica, Arial, sans-serif;">Rome Wasn't Built in a Day</span></div>
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<div><span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;">Rome gave us aqueducts, a system for law and order, and the concept of state-sponsored military. The United States gave us Federalism, public schools, and reality TV. What will China’s big contribution be? Road and bridges? Advanced manufacturing, perhaps? Or will it be Covid-19? This narrative is a work in progress.</span></div>
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<span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;">Want to learn more about China, its history, and its prospects? Check out </span><a href="https://www.amazon.com/Superpower-Interrupted-Chinese-History-World-ebook/dp/B07YSN3XLH/ref=sr_1_1?dchild=1&keywords=superpower+interrupted&qid=1587461667&sr=8-1" rel="noopener noreferrer" target="_blank" style="font-size: 16px; color: rgb(54, 97, 189); font-family: Calibri, Helvetica, Arial, sans-serif; font-style: italic; font-weight: normal; text-decoration: underline;">Superpower Interrupted</a><span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;">, available June 9 on Amazon or wherever you shop for books. </span>
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<span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;">That’s brings us to the end of this episode of Inside Asia. I hope you’ve enjoyed it. What’s your take on China in a time of Coronavirus? Find us on </span><a href="https://www.facebook.com/insideasiapodcast/" rel="noopener noreferrer" target="_blank" style="font-size: 16px; color: rgb(54, 97, 189); font-family: Calibri, Helvetica, Arial, sans-serif; font-weight: normal; font-style: normal; text-decoration: underline;">Facebook</a><span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;">, </span><a href="https://twitter.com/asiapodcast" rel="noopener noreferrer" target="_blank" style="font-size: 16px; color: rgb(54, 97, 189); font-family: Calibri, Helvetica, Arial, sans-serif; font-weight: normal; font-style: normal; text-decoration: underline;">Twitter</a><span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;"> or </span><a href="https://www.linkedin.com/company/13290867/admin/" rel="noopener noreferrer" target="_blank" style="font-size: 16px; color: rgb(54, 97, 189); font-family: Calibri, Helvetica, Arial, sans-serif; font-weight: normal; font-style: normal; text-decoration: underline;">Linked-in</a><span style="font-size: 16px; color: rgb(0, 0, 0); font-family: Calibri, Helvetica, Arial, sans-serif;">. Leave us a message or start a discussion. </span>
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<span style="font-size: 12px; color: rgb(102, 102, 102); font-family: Calibri, Helvetica, Arial, sans-serif;">| </span>February<span style="font-size: 12px; font-family: Calibri, Helvetica, Arial, sans-serif;"> 7, 2020</span><span style="font-size: 12px; font-family: Calibri, Helvetica, Arial, sans-serif; color: rgb(102, 102, 102);"> | </span>
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<span style="font-size: 14px; color: rgb(102, 102, 102); font-family: Calibri, Helvetica, Arial, sans-serif;">To truly understand China is to witness the country through the long arc of history. It’s as consistent as it is surprising. In certain instances, it takes a crisis to reveal the underbelly of a nation steeped in secrecy. This time, the crises came in the form of the coronavirus, striking at the heart of China’s Hubei Province, and resulting in the lockdown of Wuhan, one of the country’s most essential industrial centers. At the time of recording this conversation with Jim, the number of infected has skyrocketed to more than 20,000 people in less than two weeks. Wuhan remains the epicenter of the outbreak, but cases are spreading throughout China and the world, with more than 25 countries reporting confirmed cases. The economic impact on China, and the rest of the world for that matter, has also raised concerns. Because of an over weighted dependency on China for manufactured goods, </span><span style="font-size: 14px; color: rgb(102, 102, 102); font-family: Calibri, Helvetica, Arial, sans-serif; font-style: italic;">any </span><span style="font-size: 14px; color: rgb(102, 102, 102); font-family: Calibri, Helvetica, Arial, sans-serif;">slowdown on the Mainland will most assuredly have an impact on the global economy. Economists say China’s growth could slip from 6.1 to 5.6% in 2020 because of the outbreak, and by extension, trimming 0.2% off global economic growth. Not an attractive prospect when staring down the barrel of a possible Recession later this year, or early next.</span>
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<div><span style="font-size: 12px; color: rgb(102, 102, 102); font-family: Calibri, Helvetica, Arial, sans-serif;">| August 23, 2018 |</span></div>
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<span style="font-size: 14px; color: rgb(102, 102, 102); font-family: Calibri, Helvetica, Arial, sans-serif;">William Overholt and I first met almost thirty years ago, way back in 1991 when I was a cub reporter with </span><span style="font-size: 14px; color: rgb(102, 102, 102); font-family: Calibri, Helvetica, Arial, sans-serif; font-style: italic;">The Asia Wall Street Journal</span><span style="font-size: 14px; color: rgb(102, 102, 102); font-family: Calibri, Helvetica, Arial, sans-serif;"> in Hong Kong. He was then working in investment banking, though it was already clear then that he would be more than that. Bill is a thinker. Someone with the uncanny ability to draw on history, policy and economic trends to forecast the future. Today, he is known as Professor Overholt, a Senior Research Fellow at Harvard’s Kennedy School of Government. He is the author of eight books, most recently </span><span style="font-size: 14px; color: rgb(102, 102, 102); font-family: Calibri, Helvetica, Arial, sans-serif; font-style: italic;">China’s Crisis of Success. </span><span style="font-size: 14px; color: rgb(102, 102, 102); font-family: Calibri, Helvetica, Arial, sans-serif;">Overholt argues that that the so-called “miracle economies”—Japan, South Korea, Taiwan, Singapore—arise as a result of certain specific conditions. They start by answering fundamental and pressing economic questions. These are countries where cohesion is born out of crisis. That tends to generate a very different set of priorities than those encountered by America’s Founding Fathers. But as Bill sees it, there’s a catch—eventually, he argues, political liberalization must have its day. Without it, the miracle economies cannot make the leap from manufacturing-driven and export-led, to something greater. Here’s the big question: If Asia’s Four Dragons are evidence that political liberalization can usher in a new level of economic expansion, must China follow suit?</span>
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<div class="text-container galileo-ap-content-editor"><div><div>If podcasting isn't your thing, or you're just too busy to take 30 minutes to listen, check out my articles <a href="https://www.linkedin.com/in/steve-stine-6124084/detail/recent-activity/posts/" rel="noopener noreferrer" target="_blank" data-segment-action="add" data-segment-id="7527c640-69b8-11e8-ad61-d4ae529a8575" style="color: #597274; font-weight: normal; font-style: normal; text-decoration: underline;">here</a> on Linked-in where I set out to summarize each week’s conversation. We touch on a wide range of topics from healthcare to finance, politics to cleantech. I hope you’ll join us.</div></div></div>
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<span class="article-heading-text" style="font-size: 18px; font-weight: bold; color: #000000;">Steve Stine | LinkedIn</span><br>
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<span>Check out professional insights posted by Steve Stine, Senior Regional Leadership Advisor and INSIDE ASIA radio talk show host</span><br>
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<a style="text-decoration: underline; color: #597274; font-weight: normal; font-style: normal;"></a><a href="https://www.linkedin.com/in/steve-stine-6124084/detail/recent-activity/posts/" style="color: #597274; font-weight: normal; font-style: normal; text-decoration: underline;"><span>Read more</span></a><br>
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