Since the first Gulf War in 1991, the Chinese have been increasing their military budget roughly by 11 percent a year on average. There's no way that China will be able to sustain that sort of military expenditure. And then the most important reason is because of its population changes.
Howard W. FrenchChina has its own Baby Boom generation. And China's baby boom generation, because of the size of China itself, is the world's largest baby boom generation.
Howard W. FrenchWhen you arrive in China nowadays, one of the first things you note is the emphasis placed on you, a non-Chinese person, being an outsider.
Howard W. FrenchThe reason the United States is not aging rapidly in terms of its demographics is because we accept people as newcomers to this society in numbers that far surpass any of our major peers or rivals.
Howard W. French