Napoleon Bonaparte is credited with saying some 200 years ago that “China is a sleeping giant. Let him sleep, for when he wakes, he will shake the world.”
Pretty spot on, don’t you think?
China’s stock market and questions about the Middle Kingdom’s economic future have certainly shaken up world markets in recent weeks, but that’s not all.
Political and security analysts have also recently been shaken by Chinese saber-rattling and military muscle-flexing—on both sides of the Pacific Ocean.
Let’s start with the Soviet-style military parade that Beijing put on last week to mark the end of World War II. In truth, it was a serious spectacle of military might, including goose-stepping soldiers, tanks, drones, fighters, and ballistic missiles.