Berkley: University of California Press, 2008, p. 254.
The PRC is most accurately understood as a developing country. While it possessed large pools of excellence, it has far larger oceans of domestic poverty and weakness that will preoccupy its leaders for a considerable period.
Nonetheless, China’s globally competitive sectors are of such a scale, quality and dynamics that they constitute formidable economic, intellectual, and upon occasion, military competition for the United States and others. Nations high on the value-added ladder must keep moving upward to preserve their advantages.