The Chinese Communist government does not have so much a strategy to translate its economic ascendance into global hegemony as several strategies. All of them are brilliantly insidious.
On matters of trade, China is always flexible in responding to critics of its asymmetrical, 30-year mercantilism. In the initial stages of Westernization, China was exempted from criticism over serial copyright and patent infringement, dumping, and espionage. Western elites assumed that these improprieties were just speed bumps on the eventual Chinese freeway to liberalism. Supposedly the richer China got, the more progressive it would become. Huge trade deficits or military technological appropriation were small prices to pay for an evolving billion-person Palo Alto or Upper West Side.
Reprinted with permission from - National Review - by Victor Davis Hanson