There’s no question that the Biden Administration has come into power at a pivotal moment in history. The challenges it faces, both domestic and international, run the gamut. Nowhere is this more apparent than in its relationship with China.
America’s relationship with China has ebbed and flowed over the years, but no matter who sits in the White House, two things remain true. The first is that America needs China. The second is China’s slow and steady ascendancy to the status of an economic superpower.
Complicating matters further is the seemingly asymmetrical COVID recovery Biden inherited from his incompetent predecessor. At least on the surface, China has mostly stamped out the virus and is using its head start to further its goal of achieving global financial supremacy.
Long-simmering tensions between the U.S. and China have locked the two countries into a hellish paradigm of their own making. The belief that long-term economic success is a zero-sum game is as false as it is…