Thank you for sharing this discussion. Dr Chin has identified some thought-provoking issues of China's greater inclusion in the global economic system.

I'm intrigued by his casting of China as a "cautious revisionist power", as a challenger to the status quo but not in an aggressive or revolutionary sense. To a certain extent, I would argue that China should be seen as a  product of the status quo that has had to carefully navigate its way into a system that has previously ignored or rejected it. I place the onus here not on the Chinese leadership but on the misunderstandings and misconceptions of China by the West and - until recently - the lack of sophistocated bilateral / multilateral engagement strategies. In not appreciating how best to engage China, over the course of the Cold War until the 2000s, the West willfully ignored its growth and potential; now having to adjust to the dragon that grew outside its sphere of influence / interest.

This can be witnessed in the treatment of China on trade imbalances and currency accumulation, both issues that Dr Chin has explored extensively. The United States (Europe, Canada and others) has for decades sought the cheapest production costs for consumer goods, causing an explosion in asymmetrical trade with China. Similarly, surpluses gained from trade were invested into the 'insurance' mechanism of currency reserves. Both legitimate economic activities (originating from Western self-interest), but once passed a perceptual threshold, China instantly became the enemy.

It's not that the world can't accommodate a powerful China, but that the world system established by the West, of the West, for the West, has the rules stacked in its own favour.