China’s rising economic influence has leaders around the world on the edge of their seats. But Beijing is an abnormal great power. Its international potential is constrained by significant domestic economic vulnerabilities, and the inward-looking Chinese leadership has yet to craft a nimble and constructive international posture. And as the Chinese economy normalizes, its growing pains are laid bare. All this has the effect of elevating risks and aggravating insecurities in China’s neighborhood and beyond.