I was just got back from a great conference in Singapore. A central theme of the conference was that China (and Asia in general with substantial US help) isn’t ‘rising’ anymore, it has risen (again), and that the US and much of the rest of the world hasn’t recognized this yet. This makes sense. China has risen economically with India is soon to follow and it will require a big rethink in terms of how we manage the world (the UN, IMF, etc.).