Over the Horizon

Is worrying about war with China a self-fulfilling prophecy?

JAMES TRAUB

Is it possible that, a decade after 9/11, America has become too preoccupied with the threat from "nonstate actors" and too complacent about the more classic dangers posed by powerful and self-aggrandizing states? Or, put more succinctly, how afraid of China should the United States be?

We know, of course, that China owns $1.5 trillion worth of U.S. Treasury bills and thus has the U.S. economy by the short hairs; that China refuses to significantly revalue the renminbi and thus retains its colossal imbalance in trade with the United States; and that China has begun to buy American real estate and other assets (including, perhaps, the Los Angeles Dodgers). But should Americans regard China as a national security threat and not merely an economic one?

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