"Fareed Zakaria GPS," Sundays at 10 a.m. and 1 p.m. ET on CNN
China has tremendous assets. It is the world’s second-largest economy and, because of its size, will one day become the largest.
But power is defined along many dimensions, and by most political, military, strategic and cultural measures, China is a great power but not a global power. Its military spending, for example, is not even a quarter of America's.
Perhaps most crucially, it lacks – for now – the intellectual ambition to set the global agenda.