The dominant geopolitical theme during the inaugural Crawford Australian Leadership Forum last weekend was the rise of China and the need for global institutions and regional countries to adjust to this changing reality.
China's decades-old military modernization (including missile, nuclear, space and cyber assets) is changing the regional and global balance of power. China is the world's new economic and geopolitical center of gravity.
The sweeping expansion of its comprehensive national power has seen an exponential increase in China's weight in the global economy, in Asian and global power balances, and in regional and global governance institutions.