'There is something very wrong in China at the moment. China, I believe, has just passed an inflection point. Until recently, everything was going its way. Now, however, it seems all its problems are catching up with the Chinese state at the same time.
The country has entered an especially troubling phase, and we have to be concerned that Beijing-out of fundamental weakness and not out of strength-will lash out and shake the world.
So what happened in the past decade?
To understand China's new belligerent external policies, we need to look inside the country, and we might well start with the motor of its rise: its economy.
Everyone knows China's growth is slowing. Yet what is not obvious is that it is slowing so fast that the economy could fail.