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As 17 Republican candidates try to get noticed, and 16 of them struggle to compete with The Donald, perhaps we should not be surprised to hear crazy rhetoric and outlandish ideas.None of this is true about China, the new target of extreme Republican rhetoric.Even if growth slows substantially, China will continue to have seismic effects on the global system.I asked the senior-most foreign policy statesman in the Republican Party, Henry Kissinger, what he makes of this rhetoric.I also asked Hank Paulson, the last Republican Treasury secretary, who has visited China more than 100 times over the last 25 years and negotiated with the Chinese as a businessman, government official, and conservationist.... The internal turmoil in the country today is comparable only to the Cultural Revolution". And, he noted, it would be far better for the United States that China makes this transition to a more stable economy successfully, rather than if it fails.The consequences of this new climate of China-bashing could be serious.
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