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Hi, I'm Ravi Agrawal, Foreign Policy's editor-in-chief. This is FP Live.

Welcome to the show. There's been a spate of unflattering economic data out of China recently.

Growth in the most recent quarter ending in June amounted to just 0.8%. Dra dragged down by weak consumer spending. Trade flows have declined

the most since the start of the pandemic, and rising geopolitical tensions have led companies

around the world to accelerate moves to shift their manufacturing and supply chains away from

China. Now, quarterly data, of course, is just a snapshot.

Zoom out, and there's little doubt that China's rise over the last four decades is astonishing.

A slowdown was perhaps inevitable.

But is China's malaise right now more than just a bump along the road?

In recent years, a school of thought that China has peaked, or at the very least is Peking, has grown in popularity. Writing in foreign policy, Hal Brands and Michael Beckley

popularized the term peak China and raised concerns about how Beijing might react to stalled growth.

But there are also powerful counterarguments popularized by the likes of Kiu Jin,

who argues in the New London playbook that while China might be slowing,

it still has a lot of room to grow, and that theories of China's decline are rooted in fundamental

misconceptions of the country's economy. Well, which theory is correct? This is a really

important debate, because we can only know how to create policy regarding China if we know

...