Senior fellow Arvind Subramanian was mentioned in a Bloomberg article on the myth of China's future as world superpower.
From the Article
President Barack Obama will be working to counter a global perception that a rising China is eclipsing a declining U.S. on a nine-day trek of trans-Pacific summitry that begins tomorrow.
“We are losing our place in the world,” said Carla Hills, a former chief U.S. trade negotiator, at a Nov. 4 conference at the Center for Strategic and International Studies in Washington. “Others are overtaking us.”
To regain some of that lost ground, Obama will discuss expanded U.S. ties to the region, including a planned regional partnership on trade and new U.S. military basing arrangements in Australia, according to Deputy Secretary of State William Burns and other officials. The president will host the annual 21-nation Asia-Pacific Economic Cooperation summit in Honolulu Nov. 12-13 before visiting Australia and attending an East Asia Summit Nov. 18-19 in Bali, Indonesia.
The trip underscores what Secretary of State Hillary Clinton, writing in Foreign Policy magazine, has called a “pivot” to Asia after a decade dominated by wars in Iraq and Afghanistan. The diplomatic outreach is spurred by the rising commercial importance of the region -- and by China’s mounting economic and military power.
Clinton, who traveled to Asia on her first official trip as secretary, says the nation’s prosperity is increasingly linked to Pacific diplomacy. The U.S. this year has exported more to the Pacific Rim than to Europe, according to the Commerce Department. U.S. companies sell more to South Korea than to France, more to Taiwan than Italy. Last year, exports to the region supported 850,000 U.S. jobs, the State Department says.