China faces three simultaneous challenges: a projected population decline that will halve between now and the end of the century, compounded local government debt that exceeds the US deficit, and an economic trajectory dependent on avoiding the AI race losing to the United States—making China's strategic position less strong than it appears.
causalpending
Speaker
Neil FergusonEvidence Quote
“China has its own problems...The deficit is even larger in China if you look at local government debt...Their population likely halves between now and the end of the century.”
Source
Niall Ferguson, Victor Davis Hanson and Stephen Kotkin: Three Historians Debate The Era of Trump— Hoover InstitutionCreated: 8/11/2026, 7:30:05 AM
My Notes
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