Who is the real superpower?

Geopolitics has a nasty habit of surprising people and embarrassing political pundits. Such is the case with the recent dramatic turn of events in US-China relations. Not too long ago, the conventional wisdom, prevalent in elite circles in Beijing and elsewhere in Asia, was that China was gaining the upper-hand in its rivalry with the United States. Since Uncle Sam, sagging under mountains of debt, has been bleeding blood and treasure in Iraq and Afghanistan for nearly a decade, the strategic balance is thought to have shifted decisively in China’s favour. Of course, such perception was not lost on Chinese policy-makers, whose foreign policy behaviour in the past few years has been, to use a euphemism, muscular.

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