Association For Strategic Culture and Research Foundation

It is the success or failure of remaking America, not Afghanistan, that will determine not just the legacy of the Biden administration, but the future of the United States itself.

China holds 17.7% of the world’s total wealth, the second largest share held by any country. It has the world’s largest banking sector, with assets of $40 trillion and the world’s top 4 largest banks all being in China. In 2019, China overtook the US as the home to the highest number of rich people in the world, according to the global wealth report by Credit Suisse. It has the highest number of rich people in the world’s top 10% of wealth since 2019. There were 658 Chinese billionaires and 3.5 million millionaires.

Geostrategic Interactions. Russia and China present distinct competitive threats to the United States around the globe. In many regions, Russia often poses the more immediate challenge, whereas the repercussions from Chinese economic investments manifest themselves subtly and will likely undermine U.S. strategic interests more gradually.