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For all appearances, China has emerged unscathed from the global economic crisis, in stark contrast to its biggest debtor, America. China’s admirers point to its ability to mobilize state resources, quick decision-making and business-friendly environment as reasons for its economic ascendency. But can its brand of state-directed capitalism overcome rampant corruption and the threat of growing inequality, or will the American model of innovation and free markets prevail? John Donvan moderates this Intelligence Square debate, which will feature Orville Schell and Peter Schiff speaking for the motion, and Ian Bremmer and Minxin Pei speaking against.