China: Red Menace No More

Americans are growing more comfortable with China's growing economic power, although its military might is still of concern

Few would disagree these days that China is the world's next new political and economic power. But is that good or bad for the rest of world, which since the fall of the Berlin Wall has looked primarily to the U.S. and Europe for leadership? One's perspective, of course, depends a lot on where you live.

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