China's Rise to Global Economic Power: What Does it Mean for the U.S.?

The Chinese economy's ability to emerge from the global financial crisis seemingly unscathed while the United States slowly climbs out of recession bolsters a widespread image of a strong People's Republic of China (PRC) rising against the backdrop of a declining United States of America. Is China's rise to economic power inevitable? Former U.S. Under Secretary of Commerce, Frank Lavin argues that China's continued growth in power and affluence will bring challenges but not a new Cold War.