China's economy is going down quickly, even as the Evergrande collapse, and China's real estate crisis unfolds. And now, the Evergrande collapse is also expected to hit the Chinese foreign policy. The Chinese foreign policy is presently dictated by the Belt and Road Initiative (BRI) which involves large-scale debt financing by Chinese financial institutions, Chinese State-owned Enterprises (SOEs) and local government financing vehicles.

For many, the problem of a rising China appears to be an issue for future generations. After all, despite the meteoric rise of the communist giant's economy, military and culture, the People's Republic lacks the basic ability to project power and maintain a force abroad thanks to its second-rate navy.