Arthur Kroeber
Arthur Kroeber

If the presidency of China over the G20 in Hangzhou has showed anything, it is that a more self-confident nation needs the rest of the world not as much as in the recent past, says political analyst Arthur Kroeber to LA Times. “The U.S. has less leverage to get things it wants.”

LA Times:

China provoked its neighbors with confrontations in the South China Sea, an area claimed by other countries in the region, and has moved to build a military facility on an artificial island there.

“From the Chinese side, there’s much less of a perception that they need anything out of the U.S.,” said Arthur Kroeber, managing director of the Beijing-based research firm Gavekal Dragonomics. “So that means, conversely, the U.S. has less leverage to get things it wants.”

That has become plain in other ways, too. China refused to participate in the Trans-Pacific Partnership, the signature trade pact Obama is still trying to pass.

American businesses complain of greater restrictions and murky laws that make it harder to compete in China….

“China is a richer, more diverse and more self-confident country than it used to be,” Kroeber said. “It can be more assertive going after what it wants. And there’s not much anyone else can do to change that.”

More in LA Times.

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