From China’s perspective, sustained domestic economic growth seems unlikely within the existing global system – a challenge that Japan and the other East Asian economies did not encounter during their economic rise. Indeed, the only country that has encountered it is the US, when it replaced the UK as the world’s dominant economic and financial power before World War II; fortunately, that precedent is one of accommodation and a peaceful transition.
从中国的角度讲，国内经济增长在现行全球体系中似乎难以为继——这是日本和其他东亚经济体在经济崛起过程中不曾遇到过的挑战。事实上，唯一一个遇到过这一挑战的国家正是美国——它在二战前取代英国成为世界最大的经济和金融力量；幸运的是，这一先例是一个适应和和平过渡的先例。