Why America Shouldn’t Underestimate Chinese Power: A Conversation With Kurt Campbell and Rush Doshi

The Foreign Affairs Interview · Apr 17, 2025 · 1h 2m

For years in U.S. foreign policy circles, discussions of China focused on its growing wealth, power, and ambition, and the fear that it would supplant the United States.

But a few years ago, the conversation took a sharp turn. Rather than fixating on China’s rise, most analysis began to focus on the country’s stagnation and even decline. There were good reasons for this: disappointing post-COVID economic growth, dire demographics, and a foreign policy alienating much of the world. And so a new consensus took hold—that a weakened China might not overtake the United States after all.

In a new…