The dismal decade (Part 3: The economic race: How US is faring) Phuah Eng Chye (24 February 2024) China is considered Pax America’s most formidable challenger ever. A US House of Representative report[1] points out “the CCP’s economic ambitions have taken a severe toll on American workers and companies: In 1978, when the PRC began … “The dismal decade (Part 3: The economic race: How US is faring)”