Commentary In boxing there’s something called a one-two punch. You might deflect or evade the “one” but if you forget about the “two” you could end up face down on the mat. So it is with the Chinese regime. Most of the attention is on how to take on the People’s Liberation Army (PLA) and its rapid build-up of ships, aircraft, and capabilities that pose a serious threat—even to the Americans. Solve that and you’ve ducked the blow and can breathe easy. Or it’s thought. But in fact, China’s economic power is the “two” in the one-two punch—and that’s how Beijing intends it. The Chinese even have a doctrine for this—”civil-military fusion.” It means civil activities such as commercial and economic activities (the second punch) tie into military activities (the first punch) as mutually reinforcing elements of national power. The Second Punch Chinese economic power equals political power—but it also …