The days of Chinese double-digit growth are gone. Yet, the analytical separation of economic matters from strategic and military planning is both surprising and illogical. Beijing's capacity to continue building its military power is diminishing much faster than is commonly appreciated.

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The P4 laboratory, on the campus of the Wuhan Institute of Virology, in Wuhan, in China's central Hubei province. (Hector Retamal/AFP via Getty Images)