ęCommentators also sometimes confuse China’s rapid progress and likely emergence as a superpower with present-day reality. China is still a relatively poor country. For all its military ambitions, it is decades away from being a match for the US. In 2005, according to the Stockholm International Peace Research Institute, China accounted for just 4 per cent of global military spending, a tad short of the UK and France, and an aircraft-carrier-length away from the US, at 46 per cent. True, US might has been humbled in Iraq and Afghanistan. But China has not even tried to project its power on nations such as North Korea, which has tiptoed towards nuclear status under its very nose."

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