Bilahari Kausikan
By virtue of its size, contiguity, economic weight, and crucial role in the world economy, China will always enjoy considerable influence in Asia, particularly Southeast Asia. But for those same reasons, China will also always arouse anxieties in Asia and indeed the world. Deng Xiaoping’s approach of hiding China’s power and biding time stems from his awareness of this paradox. Big countries need to reassure small countries on their periphery. Deng recognized this and acted on it.
But by the end of the Hu Jintao era, Deng’s wisdom was either forgotten or ignored, perhaps because Beijing over-read the implications of the 2008 global financial crisis and, just as the United States had over-read the end of the Cold War, invested it with a universal significance as heralding Karl Marx’s long-predicted decline and eventual collapse of the West, specifically the United States.
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