Clearly, Putin was not deterred by NATO or the prospect of American opposition. The re-emergence of China as a great power has become the single biggest challenge to American preeminence. Not only is China rapidly becoming a strategic “peer competitor”, it will soon overtake the US as the world’s largest economy. It has already “grown far too big for America to sanction Beijing with its usual toolkit”.
By Mark Beeson
View More Sanctions rarely work, but are they still the least worst option?