THE ECONOMIC CROSSOVER ???????????????????????????????? How China Challenged America's Control of Global Wealth

The age of uncontested American economic power is over.For decades, the United States stood at the center of global trade, finance, investment, and monetary influence. Today, China contests that position with the scale of its economy, its command of commercial networks, its expanding financial institutions, and its growing role in the developing world.The Economic Crossover examines the economic foundations of this historic shift. It separates headline measurements from usable power, explores the continuing strength of the dollar, and reveals how trade, lending, infrastructure finance, and access to markets have become instruments of geopolitical influence.China has not simply accumulated wealth. It has learned to convert economic relationships into strategic leverage. Yet the United States retains enormous advantages that make the outcome far from predetermined.Opening The Red Ascendancy series, this volume establishes the economic transformation upon which China's industrial, technological, and military ambitions depend.