The Loss of Soft Power: It Begins
About 5 months ago, I posted an article, The Loss of Soft Power, about how China’s rise in soft power would eventually meet the same problems that the United States had to deal with decades ago. Namely, that in times of duress, China would come first, and that Chinese companies would either have to back out of their riskier investments, or China would have to send in military forces.
Well, a recent Department of Defense study entitled “Military Power of the People’s Republic of China 2009” says that China does not have the capacity to send troops abroad anytime within the next decade, so China won’t be sending soldiers in to protect their investments anytime soon. Because of that, Chinese companies are starting to back out. Here are some key sentences:
China has backed away from some of its riskiest and most aggressive plans, looking for the same guarantees that Western companies have long sought for their investments: economic and political stability.
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