Many worry that China’s ownership of American debt affords the Chinese economic leverage over the United States. This apprehension stems from a misunderstanding of sovereign debt and of how states derive power from their economic relations.
China has been steadily developing ballistic missile submarines (SSBN) to complement its nuclear deterrence strategy and safeguard its national security. Despite considerable progress, China still faces a number of hurdles in fielding a credible SSBN force.
Although China’s economic transformation has generated considerable public resources, and its leaders have in recent decades dramatically improved domestic health conditions, the country still faces challenges in terms of improving health outcomes.